| Schedule of Calculation of Numerator and Denominator in Earnings Per Unit |
The Operating Partnership's earnings per unit for the three and nine months ended September 30, 2026 and 2025, respectively, are computed as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | Numerator | 2026 | | 2025 | | 2026 | | 2025 | | Basic Earnings (Loss): | | | | | | | | | Net income (loss) attributable to SLGOP common unitholders | $ | 77,989 | | | $ | 26,611 | | | $ | (41,738) | | | $ | (7,796) | | | Less: distributed earnings allocated to participating securities | (815) | | | (1,239) | | | (2,536) | | | (3,725) | | | Less: undistributed earnings allocated to participating securities | (531) | | | — | | | — | | | — | | | Net income (loss) attributable to SLGOP common unitholders (numerator for basic earnings per unit) | $ | 76,643 | | | $ | 25,372 | | | $ | (44,274) | | | $ | (11,521) | | | Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares | 719 | | | 213 | | | — | | | — | | | | | | | | | | | Income (loss) attributable to SLGOP common unitholders (numerator for diluted earnings per unit) | $ | 77,362 | | | $ | 25,585 | | | $ | (44,274) | | | $ | (11,521) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | Denominator | 2026 | | 2025 | | 2026 | | 2025 | | Basic units: | | | | | | | | | Weighted average common units outstanding | 75,051 | | | 74,318 | | | 75,412 | | | 74,433 | | | Effect of Dilutive Securities: | | | | | | | | | Stock-based compensation plans | 312 | | | 798 | | | — | | | — | | | Contingently issuable shares | 609 | | | 519 | | | — | | | — | | | Diluted weighted average common units outstanding | 75,972 | | | 75,635 | | | 75,412 | | | 74,433 | |
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