Earnings Per Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022 (shares in thousands):


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Numerator
Net loss	$	(14,406)	$	(17,687)	$	(72,600)	$	(55,041)
Less: net income (loss) attributable to noncontrolling interests	558		(2,303)		1,097		(2,475)
Net loss attributable to the Company	(14,964)		(15,384)		(73,697)		(52,566)
Allocation of earnings to participating securities	(213)		(209)		(438)		(431)
Numerator for basic and diluted EPS—net loss attributable to common stockholders	$	(15,177)	$	(15,593)	$	(74,135)	$	(52,997)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	215,457		214,990		215,375		214,905
EPS—net loss attributable to common stockholders
Basic and diluted	$	(0.07)	$	(0.07)	$	(0.34)	$	(0.25)

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

(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three months ended June 30, 2023 and 2022 and 99,565 convertible preferred partnership units for each of the six months ended June 30, 2023 and 2022, as their impact was antidilutive. Diluted EPS also excludes 8,985,493 and 8,658,193 Operating Partnership units ("OP Units") for the three months ended June 30, 2023 and 2022, respectively, and 8,982,075 and 8,669,907 OP Units for the six months ended June 30, 2023 and 2022, respectively, as their impact was antidilutive.