Earnings Per Share ("EPS")

9 Months Ended

Sep. 30, 2023

Earnings Per Share ("EPS"):The following table reconciles the numerator and denominator used in the computation of EPS for the three and nine months ended September 30, 2023 and 2022 (shares in thousands):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator
Net loss	$	(271,965)	$	(13,502)	$	(344,565)	$	(68,541)
Less: net (loss) income attributable to noncontrolling interests	(9,418)		1,691		(8,321)		(784)
Net loss attributable to the Company	(262,547)		(15,193)		(336,244)		(67,757)
Allocation of earnings to participating securities	(213)		(211)		(655)		(642)
Numerator for basic and diluted EPS—net loss attributable to common stockholders	$	(262,760)	$	(15,404)	$	(336,899)	$	(68,399)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	215,632		215,134		215,461		214,982
EPS—net loss attributable to common stockholders
Basic and diluted	$	(1.22)	$	(0.07)	$	(1.56)	$	(0.32)

3. Earnings Per Share ("EPS"): (Continued)

(1) Diluted EPS excludes 99,565 convertible preferred partnership units for each of the three months ended September 30, 2023 and 2022 and 99,565 convertible preferred partnership units for each of the nine months ended September 30, 2023 and 2022, as their impact was antidilutive. Diluted EPS also excludes 8,979,065 and 8,620,767 Operating Partnership units ("OP Units") for the three months ended September 30, 2023 and 2022, respectively, and 8,981,061 and 8,653,348 OP Units for the nine months ended September 30, 2023 and 2022, respectively, as their impact was antidilutive.