Three Months Ended September 30,

Nine Months Ended September 30,

2025

2024

X

2025

2024

(In thousands, except per share amounts)

Net loss

$

(35,012)

$

(31,309)

$

(111,891)

$

(106,913)

Net loss attributable to redeemable noncontrolling interests

6,457

4,365

18,375

12,353

Net (income) loss attributable to noncontrolling interests

—

(36)

—

10,931

Net loss attributable to common shareholders

(28,555)

(26,980)

(93,516)

(83,629)

Distributions to participating securities

(449)

(439)

(903)

(1,596)

Net loss available to common shareholders - basic and diluted

$

(29,004)

$

(27,419)

$

(94,419)

$

(85,225)

Weighted average number of common shares outstanding - basic and diluted

60,606

85,292

70,062

89,637

Loss per common share - basic and diluted

$

(0.48)

$

(0.32)

$

(1.35)

$

(0.95)