Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of earnings per share, basic and diluted

The following is a summary of the basic and diluted net loss per share computation for the periods presented:


	Three Months Ended March 31,
(In thousands, except share and per share data)	2026		2025
Loss from continuing operations	$	(8,361)	$	(95,168)
Preferred stock dividends	(10,936)		(10,936)
Adjustments to net loss attributable to common stockholders for common share equivalents	(537)		(347)
Adjusted net loss attributable to common stockholders - Continuing Operations	(19,834)		(106,451)
Income (loss) from discontinued operations	3,283		(94,211)
Adjusted net loss attributable to common stockholders	$	(16,551)	$	(200,662)


Weighted average common shares outstanding — Basic and Diluted	214,039,512		230,263,709

Net loss from continuing operations — Basic and Diluted	$	(0.09)	$	(0.46)
Net income (loss) from discontinued operations — Basic and Diluted	0.01		(0.41)
Net loss per share attributable to common stockholders — Basic and Diluted	$	(0.08)	$	(0.87)

Schedule of antidilutive securities excluded from computation of earnings per share

The following table shows common share equivalents on a weighted average basis that were excluded from the calculation of diluted earnings per share for the three months ended March 31, 2026 and 2025 (see Note 12 — Equity-Based Compensation for additional information on all of the common share equivalents listed in the table below):


	Three Months Ended March 31,
	2026	2025
Unvested RSUs (1)	1,994,953	1,748,712
Unvested Restricted Shares (2)	168,656	329,313
Unvested PSUs (3)	4,721,647	2,894,041
Total common share equivalents excluded from calculation	6,885,256	4,972,066

(1) There were 1,862,045 and 1,915,488 unvested RSUs issued and outstanding as of March 31, 2026 and 2025, respectively.

(2) There were 168,656 and 325,267 unvested Restricted Shares issued and outstanding as of March 31, 2026 and 2025, respectively.

(3) There were 4,757,021 PSUs outstanding as of March 31, 2026 and 3,165,179 outstanding as of March 31, 2025.