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Earnings Per Share ("EPS") | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2025 and 2024 (shares in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator |  |  |  |  |  |  |
Net (loss) income | $ | (41,544) |  |  | $ | 265,499 |  |  | $ | (92,698) |  |  | $ | 134,053 |
Less: net (loss) income attributable to noncontrolling interests | (639) |  |  | 13,492 |  |  | (1,669) |  |  | 8,774 |
Net (loss) income attributable to the Company | (40,905) |  |  | 252,007 |  |  | (91,029) |  |  | 125,279 |
Allocation of earnings to participating securities | (193) |  |  | (397) |  |  | (389) |  |  | (440) |
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders | $ | (41,098) |  |  | $ | 251,610 |  |  | $ | (91,418) |  |  | $ | 124,839 |
Denominator |  |  |  |  |  |  |
Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1) | 253,085 |  |  | 216,180 |  |  | 253,039 |  |  | 216,108 |
EPS—net (loss) income attributable to common stockholders |  |  |  |  |  |  |
Basic and diluted | $ | (0.16) |  |  | $ | 1.16 |  |  | $ | (0.36) |  |  | $ | 0.58 |
(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three and six months ended June 30, 2025 and 2024, as their impact was antidilutive. Diluted EPS also excludes 10,881,462 and 10,090,429 Operating Partnership units ("OP Units") for the three months ended June 30, 2025 and 2024, respectively, and 10,883,552 and 10,097,546 OP Units for the six months ended June 30, 2025 and 2024, respectively, as their impact was antidilutive.

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