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Earnings Per Share

3 Months Ended

Mar. 31, 2023

NOTE 9: Earnings Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three months ended March 31, 2023 and 2022:


	For the Three Months Ended March 31,
	2023		2022
Net income	$	8,872	$	76,880
Income allocated to noncontrolling interest	(224)		(2,280)
Net income allocable to common shares	$	8,648	$	74,600
Weighted-average shares outstanding—Basic	224,226,873		220,798,692
Weighted-average shares outstanding—Diluted	225,088,659		222,045,286
Earnings per share—Basic	$	0.04	$	0.34
Earnings per share—Diluted	$	0.04	$	0.34

Certain IROP units, restricted stocks awards, and forward sale agreements were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 5,946,571 and 8,994,165 for the three months ended March 31, 2023