v3.26.1
Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share
The following table presents the number of weighted OP Units and Preferred OP Units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Equivalent Shares
(if converted)
Equivalent Shares
(if converted)
Equivalent Shares
(if converted)
Equivalent Shares
(if converted)
Common OP Units— 9,363,113 — 9,366,391 
Series B Units234,857 230,693 236,462 226,003 
Series D Units99,768 139,234 104,887 171,186 
334,625 9,733,040 341,349 9,763,580 
Schedule of Computation of Earnings Per Common Share
The computation of earnings per common share is as follows for the periods presented:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Net income attributable to common stockholders$263,471 $249,731 $504,448 $520,606 
Earnings and dividends allocated to participating securities(468)(449)(893)(865)
Net income for basic computations263,003 249,282 503,555 519,741 
Income allocated to noncontrolling interest - Preferred OP Units and OP Units11,705 — 22,444 — 
Net income for diluted computations$274,708 $249,282 $525,999 $519,741 
Weighted average common shares outstanding:
Average number of common shares outstanding - basic 210,962,128 211,940,903 210,929,737 211,895,586 
Common OP Units9,400,827 — 9,413,308 — 
Average number of common shares outstanding - diluted220,362,955 211,940,903 220,343,045 211,895,586 
Earnings per common share
Basic$1.25 $1.18 $2.39 $2.45 
Diluted$1.25 $1.18 $2.39 $2.45