v3.26.1
Earnings Per Share and Per Unit
 3 Months Ended
Mar. 31, 2026
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
March 31,
20262025
Earnings per Common Share - basic:
Numerator:
Net income$33,365 $100,000 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(579)(1,956)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (849)26 
Dividends on Preferred Stock(574)(621)
Net income available for common stockholders$31,363 $97,449 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,039 107,683 
Net income available for common stockholders$0.29 $0.91 
Earnings per Common Share - diluted:
Numerator:
Net income$33,365 $100,000 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(849)26 
Dividends on Preferred Stock(574)(621)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$31,942 $99,405 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,039 107,683 
Add:
Noncontrolling interests Common Units2,023 2,151 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
112,062 109,834 
Net income available for common stockholders$0.29 $0.91 
__________
(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
March 31,
20262025
Earnings per Common Unit - basic:
Numerator:
Net income$33,365 $100,000 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(849)26 
Distributions on Preferred Units(574)(621)
Net income available for common unitholders$31,942 $99,405 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,653 109,425 
Net income available for common unitholders$0.29 $0.91 
Earnings per Common Unit - diluted:
Numerator:
Net income$33,365 $100,000 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(849)26 
Distributions on Preferred Units(574)(621)
Net income available for common unitholders$31,942 $99,405 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,653 109,425 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
111,653 109,425 
Net income available for common unitholders$0.29 $0.91 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.