Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

X

2025

2024

(In thousands, except per share amounts)

Net loss

$

(23,181)

$

(33,414)

$

(76,879)

$

(75,604)

Net loss attributable to redeemable noncontrolling interests

3,940

3,454

11,918

7,988

Net loss attributable to noncontrolling interests

—

5,587

—

10,967

Net loss attributable to common shareholders

(19,241)

(24,373)

(64,961)

(56,649)

Distributions to participating securities

(454)

(503)

(454)

(1,157)

Net loss available to common shareholders - basic and diluted

$

(19,695)

$

(24,876)

$

(65,415)

$

(57,806)

Weighted average number of common shares outstanding - basic and diluted

68,287

91,030

74,867

91,832

Loss per common share - basic and diluted

$

(0.29)

$

(0.27)

$

(0.87)

$

(0.63)