Our Class S, Class D, and Class I shares, are allocated net income (loss) at the same rate per share and receive the same gross distribution per share. The Company does not pay a management fee or performance participation allocation expense with respect to the Class E shares or Class E OP Units and as a result, it is a class-specific expense. Because Class E shares are excluded from the calculation of the management fee and performance participation allocation expense, the Company is required to apply the two-class method in calculating earnings per share.

The Company calculates net loss for the calculation of earnings per share for Class S, Class D, and Class I shares and Class E shares by allocating net loss before management fee and performance participation expense to Class S, Class D, and Class I shares and Class E shares on a pro rata basis, the management fee and performance participation allocation expense is then allocated to Class S, Class D, and Class I shares on a pro rata basis.

Basic net loss per Class S, Class D, and Class I share and per Class E share was computed using the two-class method by dividing net loss attributable to Class S, Class D, and Class I shareholders and Class E shareholders, respectively, by the weighted average number of Class S, Class D, and Class I shares and Class E shares outstanding during the period. Diluted net loss per Class S, Class D, and Class I share and per Class E share was computed using the two-class method by dividing dilutive net loss attributable to Class S, Class D, and Class I shareholders and Class E shareholders by the weighted average number of dilutive Class S, Class D, and Class I shares and Class E shares outstanding during the period.

Our calculation of basic net loss per Class S, Class D, and Class I share and per Class E share for the period from Inception through December 31, 2025 is presented in the table below:


	Period from Inception through December 31, 2025
	Total		Class S, Class D, and Class I Shares		Class E Shares
Net loss	$	(13,108)	$	(8,489)	$	(4,619)
Net loss attributable to non-controlling interests	383		330		53
Net loss attributable to ODIT	$	(12,725)	$	(8,159)	$	(4,566)

Net loss attributable to dilutive OP Units	(383)		(330)		(53)
Net loss attributable to ODIT - dilutive	$	(13,108)	$	(8,489)	$	(4,619)

Weighted average number of common shares outstanding - basic	161,697,926		91,697,826		70,000,100
Effect of dilutive OP Units	3,248,462		2,660,420		588,042
Weighted average shares of common shares outstanding - dilutive	164,946,388		94,358,246		70,588,142

Net loss per common share - basic	$	(0.08)	$	(0.09)	$	(0.07)
Net loss per common share - diluted	$	(0.08)	$	(0.09)	$	(0.07)