The following table reconciles the numerator and denominator used in the computation of EPS for the three and six months ended June 30, 2026 and 2025 (shares in thousands):


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Numerator
Net loss	$	(26,852)	$	(41,544)	$	(63,746)	$	(92,698)
Less: net income (loss) attributable to noncontrolling interests	219		(639)		(325)		(1,669)
Net loss attributable to the Company	(27,071)		(40,905)		(63,421)		(91,029)
Allocation of earnings to participating securities	(214)		(193)		(428)		(389)
Numerator for basic and diluted EPS—net loss attributable to common stockholders	$	(27,285)	$	(41,098)	$	(63,849)	$	(91,418)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	273,715		253,085		265,916		253,039
EPS—net loss attributable to common stockholders
Basic and diluted	$	(0.10)	$	(0.16)	$	(0.24)	$	(0.36)

(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three and six months ended June 30, 2026 and 2025, as their impact was antidilutive. Diluted EPS also excludes 11,302,700 and 10,881,462 Operating Partnership units ("OP Units") for the three months ended June 30, 2026 and 2025, respectively, and 11,332,846 and 10,883,552 OP Units for the six months ended June 30, 2026 and 2025, respectively, as their impact was antidilutive.