(in thousands, except per share data)

Three Months Ended June 30,

Six Months Ended June 30,

Numerator:

2024

2023

2024

2023

Net (loss) income

$

(4,501

)

$

2,986

$

(6,439

)

$

1,326

Less: Preferred equity return on Fortress preferred equity

(3,084

)

(3,569

)

(6,106

)

(6,996

)

Less: Preferred equity accretion to redemption value

(973

)

(756

)

(2,352

)

(1,171

)

Less: Preferred OP units return

(144

)

(118

)

(283

)

(230

)

Plus: Net loss attributable to noncontrolling interest

1,127

132

1,966

1,146

Net loss attributable to common stockholders

$

(7,575

)

$

(1,325

)

$

(13,214

)

$

(5,925

)

Denominator

Basic weighted-average common shares

35,905

35,661

35,890

35,518

Dilutive potential common shares

—

—

—

—

Diluted weighted-average common shares

35,905

35,661

35,890

35,518

Net loss per common share- basic and diluted

$

(0.21

)

$

(0.04

)

$

(0.37

)

$

(0.17

)