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Earnings Per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Reconciliation of Numerator and Denominator Used in Computation of Earnings Per Share

The following table reconciles the numerator and denominator used in the computation of EPS for the three months ended March 31, 2023 and 2022 (shares in thousands):


	For the Three Months Ended March 31,
		2023		2022
Numerator
Net loss		$	(58,194)	$	(37,354)
Less: net income (loss) attributable to noncontrolling interests		539		(172)
Net loss attributable to the Company		(58,733)		(37,182)
Allocation of earnings to participating securities		(225)		(223)
Numerator for basic and diluted EPS—net loss attributable to common stockholders		$	(58,958)	$	(37,405)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)		215,291		214,819
EPS—net loss attributable to common stockholders
Basic and diluted		$	(0.27)	$	(0.17)

3. Earnings Per Share ("EPS"): (Continued)

(1) Diluted EPS excludes 99,565 and 99,565 convertible preferred partnership units for the three months ended March 31, 2023 and 2022, respectively, as their impact was antidilutive. Diluted EPS also excludes 8,978,620 and 8,681,751 Operating Partnership units ("OP Units") for the three months ended March 31, 2023 and 2022, respectively, as their impact was antidilutive.