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Earnings Per Share and Per Unit
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Share - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(256)(297)(2,577)(2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders$12,877 $14,558 $128,596 $103,492 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
Earnings per Common Share - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Add:
Noncontrolling interests Common Units2,119 2,151 2,140 2,152 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
110,522 108,161 110,113 108,089 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Unit - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
Earnings per Common Unit - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.