| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of the calculation of basic and diluted earnings per share (“EPS”): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income attributable to common stockholders (in thousands) | $ | 33,321 | | | $ | 20,071 | | | $ | 138,265 | | | $ | 67,855 | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average number of common shares outstanding—basic | 205,168,563 | | | 205,407,644 | | | 204,905,719 | | | 206,896,023 | | | Effect of dilutive securities: | | | | | | | | | Unvested restricted common stock | 388,323 | | | 186,459 | | | 321,699 | | | 187,326 | | | | | | | | | | | Shares related to unvested PSUs | 1,860,661 | | | 798,831 | | | 1,778,957 | | | 835,157 | | | Weighted-average number of common shares outstanding—diluted | 207,417,547 | | | 206,392,934 | | | 207,006,375 | | | 207,918,506 | | | Earnings per share: | | | | | | | | | Earnings per share available to common stockholders—basic | $ | 0.16 | | | $ | 0.10 | | | $ | 0.67 | | | $ | 0.33 | | | Earnings per share available to common stockholders—diluted | $ | 0.16 | | | $ | 0.10 | | | $ | 0.67 | | | $ | 0.33 | |
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