The following table provides a reconciliation of the numerator and denominator of the earnings per share calculations (in thousands, except per share amounts):


	Three Months Ended March 31,
		2026		2025
Numerator:
Net income attributable to stockholders - basic		$	30,378	$	26,309
Net income attributable to convertible OP units(1)		2,864		2,584
Net income - diluted		$	33,242	$	28,893
Denominator:
Weighted-average shares - basic		125,899		125,246
OP units(1)		12,703		13,045
Dilutive restricted stock awards(2)		375		349
Adjusted weighted-average shares - diluted		138,977		138,640
Earnings per common share:
Basic and diluted income per share		$	0.24	$	0.21

(1)OP units include units that are convertible into common stock or cash, at the Operating Partnership’s option. The Operating Partnership income or loss attributable to these OP units, which is included as a component of Net Income Attributable to Noncontrolling Interests on the consolidated statements of operations, has been added back in the numerator as these OP units were included in the denominator for all periods presented. OP units are allocated income on a consistent basis with the common stockholder and therefore have no dilutive impact to earnings per share of common stock.

(2)For the three months ended March 31, 2026, our diluted adjusted weighted-average share count excluded the impact of approximately 78,000 shares related to certain performance-based awards that are earned based on the achievement of specified performance metrics, which were anti-dilutive to the weighted-average share count based on the performance measurement at March 31, 2026.