PARTNERS' EQUITY OF THE PARENT COMPANY (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):


	Three Months Ended September 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(21,636)	$	(21,636)	$	13,478	$	13,478
Net (income) loss attributable to noncontrolling interests	82		82		(37)		(37)
Nonforfeitable dividends allocated to unvested restricted shareholders	(159)		(159)		(105)		(105)


Net income (loss) attributable to common shareholders	$	(21,713)	$	(21,713)	$	13,336	$	13,336
Denominator
Weighted-average shares outstanding	172,097,661		172,097,661		171,569,807		171,569,807
Contingent securities/Share based compensation	—		—		—		582,449
Weighted-average shares outstanding	172,097,661		172,097,661		171,569,807		172,152,256
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	(0.13)	$	(0.13)	$	0.08	$	0.08


	Nine Months Ended September 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(39,649)	$	(39,649)	$	24,230	$	24,230
Net (income) loss attributable to noncontrolling interests	140		140		(59)		(59)
Nonforfeitable dividends allocated to unvested restricted shareholders	(433)		(433)		(351)		(351)


Net income (loss) attributable to common shareholders	$	(39,942)	$	(39,942)	$	23,820	$	23,820
Denominator
Weighted-average shares outstanding	171,912,552		171,912,552		171,464,936		171,464,936
Contingent securities/Share based compensation	—		—		—		970,217
Weighted-average shares outstanding	171,912,552		171,912,552		171,464,936		172,435,153
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	(0.23)	$	(0.23)	$	0.14	$	0.14

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):


	Three Months Ended September 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(21,636)	$	(21,636)	$	13,478	$	13,478
Net loss attributable to noncontrolling interests	20		20		1		1
Nonforfeitable dividends allocated to unvested restricted unitholders	(159)		(159)		(105)		(105)


Net income (loss) attributable to common unitholders	$	(21,775)	$	(21,775)	$	13,374	$	13,374
Denominator
Weighted-average units outstanding	172,614,128		172,614,128		172,086,274		172,086,274
Contingent securities/Share based compensation	—		—		—		582,449
Total weighted-average units outstanding	172,614,128		172,614,128		172,086,274		172,668,723
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	(0.13)	$	(0.13)	$	0.08	$	0.08


	Nine Months Ended September 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(39,649)	$	(39,649)	$	24,230	$	24,230
Net loss attributable to noncontrolling interests	21		21		5		5
Nonforfeitable dividends allocated to unvested restricted unitholders	(433)		(433)		(351)		(351)


Net income (loss) attributable to common unitholders	$	(40,061)	$	(40,061)	$	23,884	$	23,884
Denominator
Weighted-average units outstanding	172,429,019		172,429,019		172,019,701		172,019,701
Contingent securities/Share based compensation	—		—		—		970,217
Total weighted-average units outstanding	172,429,019		172,429,019		172,019,701		172,989,918
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	(0.23)	$	(0.23)	$	0.14	$	0.14