Three Months Ended March 31,

(in thousands, except for share and per share amounts)

2024

2023

Basic Earnings

Net income (loss) from continuing operations

$

(75,582)

$

38,509

Less: Income attributable to non-controlling interest

117

1,835

Less: Income attributable to participating shares

2,335

2,371

Basic earnings - continuing operations

$

(78,034)

$

34,303

Basic earnings - discontinued operations

$

1,415

$

(1,531)

Diluted Earnings

Net income (loss) from continuing operations

(75,582)

38,509

Less: Income attributable to non-controlling interest

117

1,835

Less: Income attributable to participating shares

2,335

2,371

Add: Expenses attributable to dilutive instruments

131

2,319

Diluted earnings - continuing operations

$

(77,903)

$

36,622

Diluted earnings - discontinued operations

$

1,415

$

(1,531)

Number of Shares

Basic — Average shares outstanding

172,032,866

110,672,939

Effect of dilutive securities — Unvested participating shares

1,071,549

10,352,970

Diluted — Average shares outstanding

173,104,415

121,025,909

EPS Attributable to RC Common Stockholders:

Basic - continuing operations

$

(0.45)

$

0.31

Basic - discontinued operations

$

0.01

$

(0.01)

Basic - total

$

(0.44)

$

0.30

Diluted - continuing operations

$

(0.45)

$

0.30

Diluted - discontinued operations

$

0.01

$

(0.01)

Diluted - total

$

(0.44)

$

0.29