Earnings Per Share

12 Months Ended

Dec. 31, 2025

Earnings per share (“EPS”) has been computed by dividing net income available to common shares, adjusted for preferred dividends, by the weighted-average number of common shares outstanding during the period.

The following table provides our basic and diluted EPS calculation:


	For the Year Ended December 31,
	2025		2024		2023
Net income (loss)	$	18,539	$	(13,439)	$	5,251
Net income attributable to noncontrolling interest	(2,836)		(1,264)		(1,283)


Net income (loss) applicable to the Company	$	15,703	$	(14,703)	$	3,968

Weighted-average common shares outstanding - basic and diluted	16,152,043		16,152,043		16,152,043



EPS attributable to common shares - basic and diluted	$	0.97	$	(0.91)	$	0.25