Three Months Ended March 31,

(Thousands, except per share data)

2025

2024

Basic Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders

$

(27,132)

$

(23,586)

Denominator:

Weighted-average common shares outstanding - basic

94,298

88,095

Basic earnings (loss) per common share

$

(0.29)

$

(0.27)

Diluted Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders - basic

$

(27,132)

$

(23,586)

Effect of participating securities

—

Effect of non-participating securities

—

Net income (loss) attributable to common shareholders - diluted

$

(27,132)

$

(23,586)

Denominator:

Weighted-average common shares outstanding - basic

94,298

88,095

Effect of dilutive participating securities

—

Effect of dilutive non-participating securities

—

Weighted-average common shares outstanding - diluted

94,298

88,095

Dilutive (loss) earnings per common share

$

(0.29)

$

(0.27)