| Schedule of Computation of Basic and Diluted Earnings Per Common Share of Common Stock |
The computation of basic and diluted earnings per common share of our common stock is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | (in millions, except share and per share data) | Net income (loss) attributable to controlling stockholders and participating securities | $ | (19.6) | | | $ | 21.4 | | | $ | 129.9 | | | $ | 59.1 | | Less: Dividends and distributions on participating securities | (0.4) | | | (0.2) | | | (1.1) | | | (0.8) | | | Less: Undistributed earnings attributable to participating securities | — | | | — | | | — | | | — | | | Net income (loss) attributable to controlling stockholders — basic | (20.0) | | | 21.2 | | | 128.8 | | | 58.3 | | | Add: Interest expense related to Convertible Notes under the if-converted method | — | | | 0.2 | | | 12.6 | | | 0.9 | | | Add: Undistributed earnings attributable to participating securities | — | | | — | | | — | | | — | | | Net income (loss) attributable to controlling stockholders — dilutive | $ | (20.0) | | | $ | 21.4 | | | $ | 141.4 | | | $ | 59.2 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average number of common shares — basic | 116,584,392 | | | 107,715,057 | | | 114,518,199 | | | 98,665,598 | | | Weighted-average number of common shares — diluted | 116,584,392 | | | 109,145,088 | | | 129,562,463 | | | 101,142,782 | | | Basic earnings per common share | $ | (0.17) | | | $ | 0.20 | | | $ | 1.12 | | | $ | 0.59 | | | Diluted earnings per common share | $ | (0.17) | | | $ | 0.20 | | | $ | 1.09 | | | $ | 0.59 | | | | | | | | | | | Securities being allocated a portion of earnings: | | | | | | | | | Weighted-average number of OP units | 1,608,735 | | | 1,365,040 | | | 1,510,634 | | | 1,294,511 | | | | | | | | | | | As of September 30, 2024 | | As of September 30, 2023 | | | | | | Participating securities: | | | | | | | | | Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end | 874,124 | | | 613,373 | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | 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 | 874,124 | | | 613,373 | | | 874,124 | | | 613,373 | | | Restricted stock units | 79,174 | | | 97,890 | | | — | | | 97,890 | | | LTIP Units with market-based vesting conditions | 663,632 | | | 493,858 | | | 128,024 | | | 493,858 | | | Potential shares of common stock related to Convertible Notes | 18,412,761 | | | 18,374,760 | | | 3,559,376 | | | 18,374,760 | |
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