| Schedule of Earnings Per Share, Basic and Diluted |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Numerator: | | | | | | | | | Net income (loss) | $ | 126,956 | | | $ | (61,014) | | | $ | 292,347 | | | $ | 83,260 | | | Dividends on Preferred Stock | (14,304) | | | (9,657) | | | (42,446) | | | (23,289) | | | Income allocated to participating Preferred Stock | (13,118) | | | — | | | (28,888) | | | (5,272) | | | Net income (loss) attributable to common stockholders | $ | 99,534 | | | $ | (70,671) | | | $ | 221,013 | | | $ | 54,699 | | | | | | | | | | | Effect of dilutive securities: | | | | | | | | Allocation of earnings to participating securities | $ | 13,118 | | | $ | — | | | $ | 28,888 | | | $ | 5,272 | | Reallocation of earnings to participating securities | (13,018) | | | — | | | (28,644) | | | (5,082) | | | Net income (loss) available to common stockholders | $ | 99,634 | | | $ | (70,671) | | | $ | 221,257 | | | $ | 54,889 | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares outstanding, basic | 252,710 | | | 257,778 | | | 254,816 | | | 250,325 | | | Dilutive shares of Common Stock | 2,202 | | | — | | | 2,453 | | | 2,476 | | | Weighted average shares of Common Stock outstanding, diluted | 254,912 | | | 257,778 | | | 257,269 | | | 252,801 | | | | | | | | | | | Earnings (loss) per share: | | | | | | | | | Basic | $ | 0.39 | | | $ | (0.27) | | | $ | 0.87 | | | $ | 0.22 | | | Diluted | $ | 0.39 | | | $ | (0.27) | | | $ | 0.86 | | | $ | 0.22 | |
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