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 March 31,
	2025		2024
Numerator:
Basic and diluted net loss available to common stockholders	$	(74,708)	$	(52,202)


Denominator:
Basic weighted average common shares outstanding	141,386,505		141,122,337
Effect of dilutive instruments(1)	—		—
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	141,386,505		141,122,337
Basic earnings per common share	$	(0.53)	$	(0.37)
Diluted earnings per common share	$	(0.53)	$	(0.37)

1.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 March 31,
	2025		2024
Numerator:
Basic and diluted net loss available to common unitholders	$	(77,102)	$	(53,431)
Denominator:
Basic weighted average common units outstanding	146,418,063		144,488,174
Effect of dilutive instruments(1)	—		—
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING	146,418,063		144,488,174
Basic earnings per common unit	$	(0.53)	$	(0.37)
Diluted earnings per common unit	$	(0.53)	$	(0.37)

1.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.