Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2024

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):


	2024		2023		2022
Numerator
Net loss	$	(197,665)	$	(278,099)	$	(65,079)
Less: net (loss) income attributable to noncontrolling interests	(3,545)		(4,034)		989
Net loss attributable to the Company	(194,120)		(274,065)		(66,068)
Allocation of earnings to participating securities	(906)		(870)		(856)
Numerator for basic and diluted EPS—net income (loss) attributable to common stockholders	$	(195,026)	$	(274,935)	$	(66,924)
Denominator




Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	221,845		215,548		215,031
EPS—net income (loss) attributable to common stockholders:
Basic and diluted	$	(0.88)	$	(1.28)	$	(0.31)

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(1)Diluted EPS excludes 99,565, 99,565 and 99,565 convertible preferred units for the years ended December 31, 2024, 2023 and 2022, respectively, as their impact was antidilutive.

Diluted EPS excludes 10,017,081, 8,952,452 and 8,646,182 Operating Partnership units ("OP Units") for the years ended December 31, 2024, 2023 and 2022, respectively, as their effect was antidilutive.