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Earnings Per Share ("EPS") | 3 Months Ended
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Mar. 31, 2025
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 months ended March 31, 2025 and 2024 (shares in thousands):
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Numerator |  |  |  |  |  |  |
Net loss |  |  |  |  | $ | (51,153) |  |  | $ | (131,446) |
Less: net loss attributable to noncontrolling interests |  |  |  |  | (1,030) |  |  | (4,718) |
Net loss attributable to the Company |  |  |  |  | (50,123) |  |  | (126,728) |
Allocation of earnings to participating securities |  |  |  |  | (196) |  |  | (186) |
Numerator for basic and diluted EPS—net loss attributable to common stockholders |  |  |  |  | $ | (50,319) |  |  | $ | (126,914) |
Denominator |  |  |  |  |  |  |
Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1) |  |  |  |  | 252,992 |  |  | 216,036 |
EPS—net loss attributable to common stockholders |  |  |  |  |  |  |
Basic and diluted |  |  |  |  | $ | (0.20) |  |  | $ | (0.59) |
(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three months ended March 31, 2025 and 2024, as their impact was antidilutive. Diluted EPS also excludes 10,858,664 and 10,104,663 Operating Partnership units ("OP Units") for the three months ended March 31, 2025 and 2024, respectively, as their impact was antidilutive.

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