Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

2025

2024

Net income (loss)

$

20,739

$

35,785

$

46,730

$

(68,739

)

Less: Preferred dividends

(3,068

)

(3,068

)

(6,136

)

(6,136

)

Less: Earnings attributable to participating securities

—

—

—

—

Less: Dividends on participating securities

(556

)

(880

)

(1,117

)

(1,766

)

Net income (loss) attributable to common stockholders, basic and diluted

$

17,115

$

31,837

$

39,477

$

(76,641

)

Number of Shares:

Basic weighted-average shares of common stock outstanding

138,943,566

140,438,676

138,792,126

141,154,140

Diluted weighted-average shares of common stock outstanding

139,208,860

140,611,532

139,103,947

141,154,140

Earnings (Loss) Per Share Attributable to Common Stockholders

Basic

$

0.12

$

0.23

$

0.28

$

(0.54

)

Diluted

$

0.12

$

0.23

$

0.28

$

(0.54

)