The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three and nine months ended September 30, 2026 and 2025 (amounts in thousands except per share information):


	Three Months Ended September 30, 2026					Nine Months Ended September 30, 2026
	Income (numerator)		Shares (denominator)	Per Share Amount		Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS:
Net income	$	100,121				$	229,897
Less: preferred dividend requirements	(5,984)					(18,056)



Net income available to common shareholders	$	94,137	76,597	$	1.23	$	211,841	76,482	$	2.77
Diluted EPS:
Net income available to common shareholders	$	94,137	76,597			$	211,841	76,482
Effect of dilutive securities:
Share options, performance share units and ATM forward equity offerings	—		642			—		551


Net income available to common shareholders	$	94,137	77,239	$	1.22	$	211,841	77,033	$	2.75


	Three Months Ended September 30, 2025					Nine Months Ended September 30, 2025
	Income (numerator)		Shares (denominator)	Per Share Amount		Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS:
Net income	$	66,586				$	208,032
Less: preferred dividend requirements	(6,032)					(18,104)



Net income available to common shareholders	$	60,554	76,127	$	0.80	$	189,928	76,006	$	2.50
Diluted EPS:
Net income available to common shareholders	$	60,554	76,127			$	189,928	76,006
Effect of dilutive securities:
Share options and performance share units	—		541			—		490


Net income available to common shareholders	$	60,554	76,668	$	0.79	$	189,928	76,496	$	2.48