v3.26.1
Earnings per Share of Common Stock (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The table below provides information on the basic and diluted EPS computations, including the number of shares of
common stock used for purposes of these computations.
Three Months Ended March 31,
(in thousands, except for share and per share amounts)
2026
2025
Basic Earnings
Net income (loss) from continuing operations
$(200,087)
$82,410
Less: Income attributable to non-controlling interest
1,642
2,460
Less: Income attributable to participating shares
2,059
2,228
Basic earnings - continuing operations
$(203,788)
$77,722
Basic earnings - discontinued operations
$—
$(445)
Diluted Earnings
Net income (loss) from continuing operations
(200,087)
82,410
Less: Income attributable to non-controlling interest
1,642
2,460
Less: Income attributable to participating shares
2,059
2,228
Add: Expenses attributable to dilutive instruments
131
131
Diluted earnings - continuing operations
$(203,657)
$77,853
Diluted earnings - discontinued operations
$—
$(445)
Number of Shares
Basic — Average shares outstanding
163,674,011
165,166,276
Effect of dilutive securities — Unvested participating shares
3,976,138
2,557,243
Diluted — Average shares outstanding
167,650,149
167,723,519
EPS Attributable to RC Common Stockholders:
Basic - continuing operations
$(1.25)
$0.47
Basic - discontinued operations
$0.00
$0.00
Basic - total
$(1.25)
$0.47
Diluted - continuing operations
$(1.25)
$0.46
Diluted - discontinued operations
$0.00
$0.00
Diluted - total
$(1.25)
$0.46