Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2023

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):


	2023		2022		2021
Numerator
Net (loss) income	$	(278,099)	$	(65,079)	$	16,163
Less: net (loss) income attributable to noncontrolling interests	(4,034)		989		1,900
Net (loss) income attributable to the Company	(274,065)		(66,068)		14,263
Allocation of earnings to participating securities	(870)		(856)		(853)
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders	$	(274,935)	$	(66,924)	$	13,410
Denominator




Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	215,548		215,031		198,070
EPS—net (loss) income attributable to common stockholders:
Basic and diluted	$	(1.28)	$	(0.31)	$	0.07

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(1)Diluted EPS excludes 99,565, 99,565 and 101,948 convertible preferred units for the years ended December 31, 2023, 2022 and 2021, respectively, as their impact was antidilutive.

Diluted EPS excludes 8,952,452, 8,646,182 and 9,920,654 Operating Partnership units ("OP Units") for the years ended December 31, 2023, 2022 and 2021, respectively, as their effect was antidilutive.