Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share

Schedule of reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations

The following table presents a reconciliation of income from operations used in the basic and diluted earnings per share (“EPS”) calculations ($ in thousands, except for per share data):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2026			2025			2026			2025
Net income (loss)		$	(45,087)		$	274		$	(18,085)		$	(47,492)
Net (income) loss from operations attributable to noncontrolling interests			(45)			1,525			4,144			2,379
Net income (loss) allocable to common shareholders		$	(45,132)		$	1,799		$	(13,941)		$	(45,113)

Schedule of earnings per share allocable to common shares


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2026			2025			2026			2025
Earnings allocable to common shares:
Numerator for basic and diluted earnings per share:
Net income (loss) allocable to common shareholders		$	(45,132)		$	1,799		$	(13,941)		$	(45,113)

Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding for basic and diluted earnings per common share			12,081			13,169			12,098			13,266

Basic and diluted earnings per common share:
Net income (loss) allocable to common shareholders		$	(3.74)		$	0.14		$	(1.15)		$	(3.40)