v3.26.1
Earnings per Share of Common Stock - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic Earnings        
Net income (loss) from continuing operations $ (99,683) $ (48,751) $ (299,770) $ 33,659
Less: Income attributable to non-controlling interest 1,848 1,814 3,490 4,274
Less: Income attributable to participating shares 2,055 2,214 4,114 4,442
Basic earnings - continuing operations (103,586) (52,779) (307,374) 24,943
Basic earnings - discontinued operations 0 (4,926) 0 (5,371)
Diluted Earnings        
Net income (loss) from continuing operations (99,683) (48,751) (299,770) 33,659
Less: Net income attributable to non-controlling interest 1,848 1,814 3,490 4,274
Less: Income attributable to participating shares 2,055 2,214 4,114 4,442
Add: Expenses attributable to dilutive instruments 131 131 262 262
Diluted earnings - continuing operations (103,455) (52,648) (307,112) 25,205
Diluted earnings - discontinued operations $ 0 $ (4,926) $ 0 $ (5,371)
Number of Shares        
Basic — Average shares outstanding (in shares) 165,101,861 167,749,917 164,366,053 166,465,234
Effect of dilutive securities — Unvested participating shares (in shares) 7,679,319 2,923,171 6,807,340 2,854,767
Diluted — Average shares outstanding (in shares) 172,781,180 170,673,088 171,173,393 169,320,001
EPS Attributable to RC Common Stockholders:        
Basic - continuing operations (in dollars per share) $ (0.63) $ (0.31) $ (1.87) $ 0.15
Basic - discontinued operations (in dollars per share) 0.00 (0.03) 0.00 (0.03)
Total earnings per common share - basic (in dollars per share) (0.63) (0.34) (1.87) 0.12
Diluted - continuing operations (in dollars per share) (0.63) (0.31) (1.87) 0.15
Diluted - discontinued operations (in dollars per share) 0.00 (0.03) 0.00 (0.03)
Total earnings per common share - diluted (in dollars per share) $ (0.63) $ (0.34) $ (1.87) $ 0.12