Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2024

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of EPS for the three months ended March 31, 2024 and 2023 (shares in thousands):


	For the Three Months Ended March 31,
		2024		2023
Numerator
Net loss		$	(131,446)	$	(58,194)
Less: net (loss) income attributable to noncontrolling interests		(4,718)		539
Net loss attributable to the Company		(126,728)		(58,733)
Allocation of earnings to participating securities		(186)		(225)
Numerator for basic and diluted EPS—net loss attributable to common stockholders		$	(126,914)	$	(58,958)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)		216,036		215,291
EPS—net loss attributable to common stockholders
Basic and diluted		$	(0.59)	$	(0.27)

(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three months ended March 31, 2024 and 2023, as their impact was antidilutive. Diluted EPS also excludes 10,104,663 and 8,978,620 Operating Partnership units ("OP Units") for the three months ended March 31, 2024 and 2023, respectively, as their impact was antidilutive.