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Earnings Per Share ("EPS") | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") | Earnings Per Share ("EPS"): The following table reconciles the numerator and denominator used in the computation of EPS for the three and nine months ended September 30, 2024 and 2023 (shares in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |
Net (loss) income | $ | (112,098) |  |  | $ | (271,965) |  |  | $ | 21,955 |  |  | $ | (344,565) |
Less: net (loss) income attributable to noncontrolling interests | (3,909) |  |  | (9,418) |  |  | 4,865 |  |  | (8,321) |
Net (loss) income attributable to the Company | (108,189) |  |  | (262,547) |  |  | 17,090 |  |  | (336,244) |
Allocation of earnings to participating securities | (252) |  |  | (213) |  |  | (642) |  |  | (655) |
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders | $ | (108,441) |  |  | $ | (262,760) |  |  | $ | 16,448 |  |  | $ | (336,899) |
Denominator |  |  |  |  |  |  |
Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1) | 218,420 |  |  | 215,632 |  |  | 216,884 |  |  | 215,461 |
EPS—net (loss) income attributable to common stockholders |  |  |  |  |  |  |
Basic and diluted | $ | (0.50) |  |  | $ | (1.22) |  |  | $ | 0.08 |  |  | $ | (1.56) |
(1) Diluted EPS excludes 99,565 convertible preferred units for each of the three months ended September 30, 2024 and 2023 and 99,565 convertible preferred partnership units for each of the nine months ended September 30, 2024 and 2023, as their impact was antidilutive. Diluted EPS also excludes 9,987,209 and 8,979,065 Operating Partnership units ("OP Units") for the three months ended September 30, 2024 and 2023, respectively, and 10,060,498 and 8,981,061 OP Units for the nine months ended September 30, 2024 and 2023, respectively, as their impact was antidilutive.

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