Earnings per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

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 March 31,
	2024		2023
Numerator:	(in millions, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities	$	123.0	$	24.1
Less: Dividends and distributions on participating securities	(0.4)		(0.3)
Less: Undistributed earnings attributable to participating securities	(0.5)		—
Net income (loss) attributable to controlling stockholders — basic	122.1		23.8
Add: Interest expense related to Convertible Notes under the if-converted method	6.2		0.3
Add: Undistributed earnings attributable to participating securities	0.5		—
Net income (loss) attributable to controlling stockholders — dilutive	$	128.8	$	24.1
Denominator:
Weighted-average number of common shares — basic	112,617,809		91,102,374
Weighted-average number of common shares — diluted	130,998,775		94,129,174
Basic earnings per common share	$	1.08	$	0.26
Diluted earnings per common share	$	0.98	$	0.26
Securities being allocated a portion of earnings:
Weighted-average number of OP units	1,393,885		1,186,616
	As of March 31, 2024		As of March 31, 2023
Participating securities:
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end	982,670		680,917
	Three Months Ended March 31,
	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	982,670		680,917
Restricted stock units	80,438		99,884
LTIP Units with market-based vesting conditions	535,608		493,858
Potential shares of common stock related to Convertible Notes	—		3,537,460