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Loss per Common Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Loss per Common Share Loss per Common Share
Basic loss per share and Diluted loss per share are calculated by dividing the Net loss attributable to common stockholders by the basic and diluted weighted-average number of common shares outstanding in the period, respectively, using the allocation method prescribed by the two-class method. The Company applies this method to compute earnings per share because it distributes non-forfeitable dividend equivalents on restricted stock units and Operating Partnership units (“OP units”) granted to certain employees and non-employee directors who have the right to participate in the distribution of common dividends while the restricted stock units and OP units are unvested.
A reconciliation of the basic and diluted weighted-average number of common shares outstanding for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Weighted average common shares outstanding – basic284,861 278,137 284,729 273,217 
Dilutive effect of stock-based awards— — — — 
Weighted average common shares outstanding – diluted284,861 278,137 284,729 273,217 
For the three and nine months ended September 30, 2024 and 2023, respectively, potential common shares under the treasury stock method and the if-converted method were antidilutive because the Company reported a net loss for such periods. Consequently, the Company did not have any adjustments between basic and diluted loss per share related to stock-based awards for those periods.
The table below presents the number of antidilutive potential common shares that are not considered in the calculation of diluted loss per share (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Restricted stock units440 16 525 89 
OP units329 — 274 130 
769 16 799 219