| Earnings Per Share |
Note 15. Earnings Per Share Net income per common share is calculated by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. All classes of common stock are allocated net income at the same rate per share, excluding management fees and performance participation allocation, and receive the same gross distribution per share.
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
Net income |
|
$ |
4,671 |
|
|
$ |
5,414 |
|
Net income attributable to non-controlling interests in Class E OP Units |
|
|
(36 |
) |
|
|
— |
|
Net income attributable to non-controlling interests |
|
|
(1,325 |
) |
|
|
(1,238 |
) |
Net income attributable to NEWLEASE shareholders |
|
$ |
3,310 |
|
|
$ |
4,176 |
|
Weighted average number of common shares outstanding – basic |
|
|
40,566,096 |
|
|
|
29,520,836 |
|
Weighted average number of common shares outstanding – dilutive |
|
|
40,988,876 |
|
|
|
29,592,091 |
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
Net income |
|
$ |
14,985 |
|
|
$ |
15,642 |
|
Net income attributable to non-controlling interests in Class E OP Units |
|
|
(82 |
) |
|
|
— |
|
Net income attributable to non-controlling interests |
|
|
(4,032 |
) |
|
|
(3,786 |
) |
Net income attributable to NEWLEASE shareholders |
|
$ |
10,871 |
|
|
$ |
11,856 |
|
Weighted average number of common shares outstanding – basic |
|
|
37,596,496 |
|
|
|
28,203,631 |
|
Weighted average number of common shares outstanding – dilutive |
|
|
37,888,949 |
|
|
|
28,239,491 |
|
|