Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2022

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of EPS for the three months ended March 31, 2022 and 2021 (shares in thousands):


	For the Three Months Ended March 31,
		2022		2021
Numerator
Net loss		$	(37,354)	$	(67,730)
Less: net loss attributable to noncontrolling interests		(172)		(4,126)
Net loss attributable to the Company		(37,182)		(63,604)
Allocation of earnings to participating securities		(223)		(214)
Numerator for basic and diluted EPS—net loss attributable to common stockholders		$	(37,405)	$	(63,818)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)		214,819		158,580
EPS—net loss attributable to common stockholders
Basic and diluted		$	(0.17)	$	(0.40)

(1) Diluted EPS excludes 99,565 and 103,235 convertible preferred partnership units for the three months ended March 31, 2022 and 2021, respectively, as their impact was antidilutive. Diluted EPS also excludes 8,681,751 and 10,855,707 Operating Partnership units ("OP Units") for the three months ended March 31, 2022 and 2021, respectively, as their impact was antidilutive.