Earnings Per Share ("EPS")

6 Months Ended

Jun. 30, 2022

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of EPS for the three and six months ended June 30, 2022 and 2021 (shares in thousands):


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Numerator
Net loss	$	(17,687)	$	(4,062)	$	(55,041)	$	(71,792)
Less: net (loss) income attributable to noncontrolling interests	(2,303)		7,703		(2,475)		3,577
Net loss attributable to the Company	(15,384)		(11,765)		(52,566)		(75,369)
Allocation of earnings to participating securities	(209)		(214)		(431)		(429)
Numerator for basic and diluted EPS—net loss attributable to common stockholders	$	(15,593)	$	(11,979)	$	(52,997)	$	(75,798)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	214,990		205,757		214,905		182,299
EPS—net loss attributable to common stockholders
Basic and diluted	$	(0.07)	$	(0.06)	$	(0.25)	$	(0.42)

(1) Diluted EPS excludes 99,565 and 103,235 convertible preferred partnership units for the three months ended June 30, 2022 and 2021, respectively, and 99,565 and 103,235 convertible preferred partnership units for the six months ended June 30, 2022 and 2021, respectively, as their impact was antidilutive. Diluted EPS also excludes 8,658,193 and 9,818,495 Operating Partnership units ("OP Units") for the three months ended June 30, 2022 and 2021, respectively, and 8,669,907 and 10,334,235 OP Units for the six months ended June 30, 2022 and 2021, respectively, as their impact was antidilutive.