Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net (loss) income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

	Three Months
	Ended March 31,
	2024			2023
Numerators – Basic and Diluted
Net (loss) income	$	(23,552	)	$	15,302
Income attributable to non-controlling interests		—			(18	)
Preferred dividends		(2,789	)		(2,789	)
Earnings attributable to unvested shares and OP Units		(131	)		(107	)
Net (loss) income attributable to common shareholders after    allocation to participating securities	$	(26,472	)	$	12,388
Denominators – Number of Shares
Basic—Average shares outstanding		209,419			209,971
Assumed conversion of dilutive securities—PRSUs		—			436
Diluted—Average shares outstanding		209,419			210,407
(Loss) Earnings Per Share:
Basic	$	(0.13	)	$	0.06
Diluted	$	(0.13	)	$	0.06