| Schedule of Earnings (Loss) Per Share |
The following table illustrates the computation of basic and diluted EPS for the three and nine months ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine Months Ended September 30, | | | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | Earnings | | | | | | | | | | | | | | | Net Income (Loss) | | | | | | $ | (919) | | | $ | 13,778 | | | $ | (173,414) | | | $ | (20,809) | | | Less: Preferred stock dividends | | | | | | 5,326 | | | 5,326 | | | 15,978 | | | 15,978 | | | Less: Participating securities' share in earnings | | | | | | 172 | | | 373 | | | 700 | | | 1,109 | | | | Net income (loss) attributable to common stockholders, basic and diluted | | | | | | $ | (6,417) | | | $ | 8,079 | | | $ | (190,092) | | | $ | (37,896) | | | | | | | | | | | | | | | | | | Shares | | | | | | | | | | | | | | | Weighted average common shares outstanding | | | | | | 57,215,600 | | | 65,636,805 | | | 61,151,991 | | | 67,041,089 | | | | Add: Weighted average deferred stock units | | | | | | 433,050 | | | 239,922 | | | 417,260 | | | 226,299 | | | | Diluted weighted average common shares outstanding | | | | | | 57,648,650 | | | 65,876,727 | | | 61,569,251 | | | 67,267,388 | | | | | | | | | | | | | | | | | | Net income (loss) attributable to common stockholders, per: | | | | | | | | | | | | | | | Basic and diluted common share | | | | | | $ | (0.11) | | | $ | 0.12 | | | $ | (3.09) | | | $ | (0.56) | | |
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