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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share to net loss available to common stockholders:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator:
Basic and diluted net loss available to common stockholders
$(136,467)$(97,918)$(294,324)$(197,147)
Denominator:
Basic weighted average common shares outstanding(1)
451,031,299 141,232,361 266,162,166 141,178,912 
Effect of dilutive instruments(2)
— — — — 
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING451,031,299 141,232,361 266,162,166 141,178,912 
Basic earnings per common share$(0.30)$(0.69)$(1.11)$(1.40)
Diluted earnings per common share$(0.30)$(0.69)$(1.11)$(1.40)
    
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1.Basic weighted average common shares outstanding includes common shares issuable upon the exercise of pre-funded warrants in the amounts of 71,823,715 and 28,942,588 for the three and nine months ended September 30, 2025, respectively. The warrants are exercisable at any time for nominal consideration.
2.The Company includes unvested awards and convertible common and participating units as contingently issuable shares in the computation of diluted earnings per share once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.
The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit to net loss available to common unitholders:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator:
Basic and diluted net loss available to common unitholders$(138,246)$(100,468)$(300,706)$(202,151)
Denominator:
Basic weighted average common units outstanding(1)
455,973,263 144,910,188 271,155,132 144,753,121 
Effect of dilutive instruments(2)
— — — — 
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING455,973,263 144,910,188 271,155,132 144,753,121 
Basic earnings per common unit$(0.30)$(0.69)$(1.11)$(1.40)
Diluted earnings per common unit$(0.30)$(0.69)$(1.11)$(1.40)
__________________ 
1.Basic weighted average common units outstanding includes common units issuable upon the exercise of pre-funded warrants in the amounts of 71,823,715 and 28,942,588 for the three and nine months ended September 30, 2025, respectively. The warrants are exercisable at any time for nominal consideration.
2.The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.