| Schedule of Calculation of Numerator and Denominator in Earnings Per Unit |
The Operating Partnership's earnings per unit for the three and six months ended June 30, 2026 and 2025, respectively, are computed as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Numerator | 2026 | | 2025 | | 2026 | | 2025 | | Basic Loss: | | | | | | | | | Net loss attributable to SLGOP common unitholders | $ | (28,658) | | | $ | (11,867) | | | $ | (119,727) | | | $ | (34,407) | | | Less: distributed earnings allocated to participating securities | (860) | | | (1,243) | | | (1,721) | | | (2,486) | | | Less: undistributed earnings allocated to participating securities | — | | | — | | | — | | | — | | | Net loss attributable to SLGOP common unitholders (numerator for basic earnings per unit) | $ | (29,518) | | | $ | (13,110) | | | $ | (121,448) | | | $ | (36,893) | | | Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares | — | | | — | | | — | | | — | | | Add back: undistributed earnings allocated to participating securities | — | | | — | | | — | | | — | | | Loss attributable to SLGOP common unitholders (numerator for diluted earnings per unit) | $ | (29,518) | | | $ | (13,110) | | | $ | (121,448) | | | $ | (36,893) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Denominator | 2026 | | 2025 | | 2026 | | 2025 | | Basic units: | | | | | | | | | Weighted average common units outstanding | $ | 75,525 | | | $ | 74,455 | | | $ | 75,596 | | | $ | 74,491 | | | Effect of Dilutive Securities: | | | | | | | | | Stock-based compensation plans | — | | | — | | | — | | | — | | | Contingently issuable units | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Diluted weighted average common units outstanding | $ | 75,525 | | | 74,455 | | | $ | 75,596 | | | 74,491 | |
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