Annual report pursuant to Section 13 and 15(d)

Earnings per Share of Common Stock (Details)

v3.24.0.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Numerator:      
Net income (loss) attributable to controlling stockholders and participating securities $ 148,836 $ 41,502 $ 126,579
Less: Dividends and distributions to participating securities (1,000) (700) (900)
Undistributed earnings attributable to participating securities 0 0 0
Net income (loss) attributable to controlling stockholders 147,800 40,800 125,700
Add: Interest expense related to convertible notes under the if-converted method 7,500 1,400 6,300
Net income (loss) attributable to controlling stockholders—diluted $ 155,300 $ 42,200 $ 132,000
Denominator:      
Weighted-average number of common shares—basic (in shares) 101,844,551 87,500,799 79,992,922
Weighted-average number of common shares-diluted (in shares) 109,467,554 90,609,329 87,671,641
Basic earnings per common share (in usd per share) $ 1.45 $ 0.47 $ 1.57
Diluted earnings per common share (in usd per share) $ 1.42 $ 0.47 $ 1.51
Securities being allocated a portion of earnings:      
Weighted-average number of OP units (in shares) 1,314,182 1,002,002 485,013
Participating securities:      
Potentially dilutive securities as of period end (in shares) 612,742 445,218 577,594
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions      
Potentially dilutive securities as of period end that were not dilutive for the presented periods:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 612,742 445,218 577,594
Restricted stock units      
Potentially dilutive securities as of period end that were not dilutive for the presented periods:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 94,654 38,222 16,348
LTIP Units with market-based vesting conditions      
Potentially dilutive securities as of period end that were not dilutive for the presented periods:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 493,858 211,824 86,274
Potential shares of common stock related to convertible notes      
Potentially dilutive securities as of period end that were not dilutive for the presented periods:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 3,549,083 3,537,460 0