Quarter ended September 30,

Nine months ended September 30,

2026

2025

2026

2025

(in thousands except per share amounts)

Net (loss) income

$

(25,372

)

$

58,296

$

30,163

$

75,510

Dividends on preferred shares

(10,455

)

(10,455

)

(31,364

)

(31,364

)

Effect of participating securities—share-based compensation awards

(13

)

(226

)

(38

)

(405

)

Net income available to common shareholders

$

(35,840

)

$

47,615

$

(1,239

)

$

43,741

Weighted average basic shares outstanding

87,202

87,017

87,162

86,979

Weighted average diluted shares outstanding

87,202

87,017

87,162

86,979

Basic (loss) earnings per share

$

(0.41

)

$

0.55

$

(0.01

)

$

0.50

Diluted (loss) earnings per share

$

(0.41

)

$

0.55

$

(0.01

)

$

0.50