Earnings (loss) per Share of Common Stock (Tables) |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Computation of Basic and Diluted Loss Per Share of Common Stock |
The following tables set forth the computation of basic and diluted earnings (loss) per share of common stock for the years ended December 31, 2025, 2024 and 2023, respectively. The OP Units held by Non-controlling OP Unitholders (which may be redeemed for shares of common stock) have been excluded from the diluted earnings (loss) per share calculation, as these would be anti-dilutive. Net income (loss) figures are presented net of such non-controlling interests in the earnings (loss) per share calculation.
We computed basic earnings (loss) per share for the years ended December 31, 2025, 2024 and 2023, respectively, using the weighted average number of shares outstanding during the periods. The diluted earnings (loss) per share for the years ended December 31, 2025, 2024 and 2023, would reflect additional shares of common stock related to our convertible Senior Common Stock, if the effect of conversion would be dilutive, that would have been outstanding if such dilutive potential shares of common stock had been issued, as well as an adjustment to net income (loss) available (attributable) to common stockholders as applicable to common stockholders that would result from their assumed issuance (dollars in thousands, except per share amounts).
(1)The weighted average number of OP Units held by Non-controlling OP Unitholders was 39,474, 157,160, and 382,563 for the years ended December 31, 2025, 2024, and 2023, respectively.
(2)We excluded convertible shares of Senior Common Stock of 322,315, 330,456 and 345,132 from the calculation of diluted earnings (loss) per share for the years ended December 31, 2025, 2024 and 2023, respectively, because these shares were anti-dilutive.
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