| Schedule of computation of basic and diluted earnings per common share |
The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income attributable to RLJ | $ | 31,036 | | | $ | 28,453 | | | $ | 30,895 | | | $ | 31,815 | | | Less: Preferred dividends | (6,279) | | | (6,279) | | | (12,557) | | | (12,557) | | | Less: Dividends paid on unvested restricted shares | (369) | | | (300) | | | (696) | | | (586) | | | Less: Undistributed earnings attributable to unvested restricted shares | (31) | | | — | | | — | | | — | | | Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares | $ | 24,357 | | | $ | 21,874 | | | $ | 17,642 | | | $ | 18,672 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average number of common shares - basic | 149,883,674 | | | 149,532,971 | | | 149,605,007 | | | 150,217,440 | | | Unvested restricted shares | 422,357 | | | 55,741 | | | 387,083 | | | 133,859 | | | Unvested performance units | 622,652 | | | 10,241 | | | 390,189 | | | 3,784 | | | Weighted-average number of common shares - diluted | 150,928,683 | | | 149,598,953 | | | 150,382,279 | | | 150,355,083 | | | | | | | | | | | Net income per share attributable to common shareholders - basic | $ | 0.16 | | | $ | 0.15 | | | $ | 0.12 | | | $ | 0.12 | | | | | | | | | | | Net income per share attributable to common shareholders - diluted | $ | 0.16 | | | $ | 0.15 | | | $ | 0.12 | | | $ | 0.12 | |
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