| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of the calculation of basic and diluted earnings per share (“EPS”): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income attributable to common stockholders (in thousands) | $ | 90,480 | | | $ | 38,381 | | | $ | 104,944 | | | $ | 47,784 | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average number of common shares outstanding—basic | 205,081,651 | | | 206,804,961 | | | 204,772,118 | | | 207,652,548 | | | Effect of dilutive securities: | | | | | | | | | Unvested restricted common stock | 233,167 | | | 32,059 | | | 282,420 | | | 195,762 | | | | | | | | | | | Shares related to unvested PSUs | 782,134 | | | 1,079,288 | | | 843,055 | | | 1,313,049 | | | Weighted-average number of common shares outstanding—diluted | 206,096,952 | | | 207,916,308 | | | 205,897,593 | | | 209,161,359 | | | Earnings per share: | | | | | | | | | Earnings per share available to common stockholders—basic | $ | 0.44 | | | $ | 0.19 | | | $ | 0.51 | | | $ | 0.23 | | | Earnings per share available to common stockholders—diluted | $ | 0.44 | | | $ | 0.18 | | | $ | 0.51 | | | $ | 0.23 | |
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