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Note 9 - Earnings Per Share

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 9: Earnings Per Share

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025:

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2026				2025				2026				2025
Net income		$	3,418			$	8,172			$	3,290			$	16,698
(Income) loss allocated to noncontrolling interest			(27	)			(126	)			32				(298	)
Income allocable to common shares		$	3,391			$	8,046			$	3,322			$	16,400
Weighted-average shares outstanding—Basic			235,400,393				233,496,633				235,913,709				232,117,768
Weighted-average shares outstanding—Diluted			236,037,395				234,131,752				236,663,887				233,041,087
Earnings per share—Basic		$	0.01			$	0.03			$	0.01			$	0.07
Earnings per share—Diluted		$	0.01			$	0.03			$	0.01			$	0.07

Certain IROP units, RSAs and RSUs were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 6,059,975 and 5,960,026 for the three and six months ended June 30, 2026. Certain IROP units and shares deliverable under the forward sale agreements pursuant to the Previous ATM Program were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 14,223,243 and 8,623,243 for the three and six months ended June 30, 2025, respectively.