Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2022

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):


	2022		2021		2020
Numerator
Net (loss) income	$	(65,079)	$	16,163	$	(245,462)
Less: net income (loss) attributable to noncontrolling interests	989		1,900		(15,259)
Net (loss) income attributable to the Company	(66,068)		14,263		(230,203)
Allocation of earnings to participating securities	(856)		(853)		(1,048)
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders	$	(66,924)	$	13,410	$	(231,251)
Denominator




Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	215,031		198,070		146,232
EPS—net (loss) income attributable to common stockholders:
Basic and diluted	$	(0.31)	$	0.07	$	(1.58)

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(1)Diluted EPS excludes 99,565, 101,948 and 97,926 convertible preferred units for the years ended December 31, 2022, 2021 and 2020, respectively, as their impact was antidilutive.

Diluted EPS excludes 8,646,182, 9,920,654 and 10,688,179 Operating Partnership units ("OP Units") for the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was antidilutive.