Computations of basic and diluted EPS were as follows (in millions, except for per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator for basic EPS | | | | | | | | Net Income / (Loss) from continuing operations | $ | 42.3 | | | $ | (30.0) | | | $ | 60.7 | | | $ | (51.7) | | Preferred return to preferred OP units equity interests | (2.5) | | | (3.2) | | | (5.2) | | | (6.3) | | (Income) / loss attributable to noncontrolling interests | 34.7 | | | (53.5) | | | 35.0 | | | (51.6) | | Net Income / (Loss) from continuing operations attributable to SUI common shareholders | 74.5 | | | (86.7) | | | 90.5 | | | (109.6) | | Less: allocation to restricted stock awards | (5.3) | | | 7.2 | | | (5.5) | | | 7.0 | | Basic earnings - net income / (loss) from continuing operations after allocation to restricted stock awards | 79.8 | | | (93.9) | | | 96.0 | | | (116.6) | | Basic earnings - net income / (loss) from discontinued operations | (1,067.2) | | | 1,360.3 | | | (1,091.9) | | | 1,340.4 | | Basic earnings - net income / (loss) attributable to common shareholders after allocation to restricted stock awards | $ | (987.4) | | | $ | 1,266.4 | | | $ | (995.9) | | | $ | 1,223.8 | | Numerator for diluted EPS | | | | | | | | Basic earnings - net income / (loss) from continuing operations after allocation to restricted stock awards | $ | 79.8 | | | $ | (93.9) | | | $ | 96.0 | | | $ | (116.6) | | Add: allocation to common and preferred OP units dilutive effect | (33.3) | | | — | | | (31.0) | | | — | | Add: allocation to restricted stock awards | (5.3) | | | — | | | (5.5) | | | — | | Diluted net income / (loss) from continuing operations attributable to SUI common shareholders | 41.2 | | | (93.9) | | | 59.5 | | | (116.6) | | Diluted net income / (loss) from discontinued operations | (1,067.2) | | | 1,360.3 | | | (1,091.9) | | | 1,340.4 | | Diluted earnings - net income / (loss) attributable to common shareholders after allocation to common and preferred OP units(1) | $ | (1,026.0) | | | $ | 1,266.4 | | | $ | (1,032.4) | | | $ | 1,223.8 | | | | | | | | | | | Denominator | | | | | | | | Weighted average common shares outstanding | 122.5 | | | 126.4 | | | 122.6 | | | 126.5 | | | | | | | | | | | | | | | | | | Add: dilutive restricted stock | 0.1 | | | — | | | 0.2 | | | — | | Add: common and preferred OP units dilutive effect | 4.4 | | | — | | | 4.6 | | | — | | Diluted weighted average common shares and securities(1) | 127.0 | | | 126.4 | | | 127.4 | | | 126.5 | | EPS Available to Common Shareholders After Allocation | | | | | | | | Basic income / (loss) per share from continuing operations | $ | 0.65 | | | $ | (0.74) | | | $ | 0.78 | | | $ | (0.92) | | Basic income / (loss) per share from discontinued operations | (8.71) | | | 10.76 | | | (8.91) | | | 10.60 | | Basic income / (loss) per share | $ | (8.06) | | | $ | 10.02 | | | $ | (8.13) | | | $ | 9.68 | | Diluted income / (loss) per share from continuing operations | $ | 0.32 | | | $ | (0.74) | | | $ | 0.47 | | | $ | (0.92) | | Diluted income / (loss) per share from discontinued operations | (8.40) | | | 10.76 | | | (8.57) | | | 10.60 | | Diluted income / (loss) per share(1) | $ | (8.08) | | | $ | 10.02 | | | $ | (8.10) | | | $ | 9.68 | |
(1) For the three and six months ended June 30, 2026, diluted earnings per share was calculated using the treasury stock method for restricted stock awards as the application of this method resulted in a more diluted earnings per share during those periods. For the three and six months ended June 30, 2025, diluted earnings per share was calculated using the two-class stock method for restricted stock awards as the application of this method resulted in a more diluted earnings per share during those periods.
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