Quarter ended June 30,

Six months ended June 30,

2025

2024

2025

2024

(in thousands except per share amounts)

Net income

$

7,534

$

25,434

$

17,214

$

73,042

Dividends on preferred shares

(10,455

)

(10,455

)

(20,910

)

(20,909

)

Effect of participating securities—share-based compensation awards

(183

)

(106

)

(222

)

(217

)

Net (loss) income attributable to common shareholders

$

(3,104

)

$

14,873

$

(3,918

)

$

51,916

Weighted average basic and diluted shares outstanding

87,012

86,849

86,960

86,769

Basic (loss) earnings per share

$

(0.04

)

$

0.17

$

(0.05

)

$

0.60

Diluted (loss) earnings per share

$

(0.04

)

$

0.17

$

(0.05

)

$

0.60