The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):


	Three Months Ended June 30,
	2026				2025
	Basic		Diluted		Basic		Diluted
Numerator
Net loss	$	(31,535)	$	(31,535)	$	(88,936)	$	(88,936)
Net loss attributable to noncontrolling interests	125		125		267		267
Nonforfeitable dividends allocated to unvested restricted shareholders	(248)		(248)		(322)		(322)


Net loss attributable to common shareholders	$	(31,658)	$	(31,658)	$	(88,991)	$	(88,991)
Denominator
Weighted-average shares outstanding	174,384,600		174,384,600		173,532,583		173,532,583

Weighted-average shares outstanding	174,384,600		174,384,600		173,532,583		173,532,583
Loss per Common Share:
Net loss attributable to common shareholders	$	(0.18)	$	(0.18)	$	(0.51)	$	(0.51)


	Six Months Ended June 30,
	2026				2025
	Basic		Diluted		Basic		Diluted
Numerator
Net loss	$	(80,339)	$	(80,339)	$	(115,992)	$	(115,992)
Net loss attributable to noncontrolling interests	338		338		348		348
Nonforfeitable dividends allocated to unvested restricted shareholders	(566)		(566)		(751)		(751)


Net loss attributable to common shareholders	$	(80,567)	$	(80,567)	$	(116,395)	$	(116,395)
Denominator
Weighted-average shares outstanding	174,072,403		174,072,403		173,225,737		173,225,737

Weighted-average shares outstanding	174,072,403		174,072,403		173,225,737		173,225,737
Loss per Common Share:
Net loss attributable to common shareholders	$	(0.46)	$	(0.46)	$	(0.67)	$	(0.67)

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):


	Three Months Ended June 30,
	2026				2025
	Basic		Diluted		Basic		Diluted
Numerator
Net loss	$	(31,535)	$	(31,535)	$	(88,936)	$	(88,936)
Net loss attributable to noncontrolling interests	30		30		—		—
Nonforfeitable dividends allocated to unvested restricted unitholders	(248)		(248)		(322)		(322)


Net loss attributable to common unitholders	$	(31,753)	$	(31,753)	$	(89,258)	$	(89,258)
Denominator


Total weighted-average units outstanding	174,900,195		174,900,195		174,048,178		174,048,178
Loss per Common Partnership Unit:
Net loss attributable to common unitholders	$	(0.18)	$	(0.18)	$	(0.51)	$	(0.51)


	Six Months Ended June 30,
	2026				2025
	Basic		Diluted		Basic		Diluted
Numerator
Net loss	$	(80,339)	$	(80,339)	$	(115,992)	$	(115,992)
Net loss attributable to noncontrolling interests	97		97		—		—
Nonforfeitable dividends allocated to unvested restricted unitholders	(566)		(566)		(751)		(751)


Net loss attributable to common unitholders	$	(80,808)	$	(80,808)	$	(116,743)	$	(116,743)
Denominator


Total weighted-average units outstanding	174,587,997		174,587,997		173,741,332		173,741,332
Loss per Common Partnership Unit:
Net loss attributable to common unitholders	$	(0.46)	$	(0.46)	$	(0.67)	$	(0.67)