The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted net income (loss) per share reported in the Condensed Consolidated Financial Statements for the three and six months ended June 30, 2026 and 2025.


	(in thousands, except per share data)
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
NUMERATOR


Net loss attributable to controlling interests	$	(1,020)	$	(14,515)	$	(13,909)	$	(18,249)

Distributions allocated to participating securities	(80)		—		(80)		—

Numerator for basic and diluted loss per share – net loss available to common shareholders(1)	$	(1,100)	$	(14,515)	$	(13,989)	$	(18,249)





DENOMINATOR
Denominator for basic and diluted loss per share weighted average shares	16,810		16,741		16,792		16,734








NET LOSS PER COMMON SHARE – BASIC AND DILUTED	$	(0.07)	$	(0.87)	$	(0.83)	$	(1.09)

(1)For the three and six months ended June 30, 2026 and 2025, distributions to Series D preferred unitholders and the impact of Units and Series E preferred units were excluded from the calculation of net loss per common share - diluted as they were anti-dilutive.