(in thousands, except per share data)

Three Months Ended September 30,

Nine Months Ended September 30,

Numerator:

2024

2023

2024

2023

Net loss

$

(6,268

)

$

(5,079

)

$

(12,707

)

$

(3,753

)

Less: Preferred equity return on Fortress preferred equity

(3,181

)

(3,716

)

(9,287

)

(10,712

)

Less: Preferred equity accretion to redemption value

(1,004

)

(583

)

(3,356

)

(1,754

)

Less: Preferred OP units return

(151

)

(122

)

(434

)

(352

)

Plus: Net loss attributable to noncontrolling interest

1,351

1,633

3,317

2,779

Net loss attributable to common stockholders

$

(9,253

)

$

(7,867

)

$

(22,467

)

$

(13,792

)

Denominator

Basic weighted-average common shares

35,998

35,692

35,926

35,577

Dilutive potential common shares

—

—

—

—

Diluted weighted-average common shares

35,998

35,692

35,926

35,577

Net loss per common share- basic and diluted

$

(0.26

)

$

(0.22

)

$

(0.63

)

$

(0.39

)