BENEFICIARIES' EQUITY OF THE PARENT COMPANY (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):


	Three Months Ended June 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(12,737)	$	(12,737)	$	4,651	$	4,651
Net (income) loss attributable to noncontrolling interests	41		41		(14)		(14)
Nonforfeitable dividends allocated to unvested restricted shareholders	(204)		(204)		(98)		(98)


Net income (loss) attributable to common shareholders	$	(12,900)	$	(12,900)	$	4,539	$	4,539
Denominator
Weighted-average shares outstanding	171,962,162		171,962,162		171,527,031		171,527,031
Contingent securities/Share based compensation	—		—		—		733,398
Weighted-average shares outstanding	171,962,162		171,962,162		171,527,031		172,260,429
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	(0.08)	$	(0.08)	$	0.03	$	0.03


	Six Months Ended June 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(18,013)	$	(18,013)	$	10,752	$	10,752
Net (income) loss attributable to noncontrolling interests	58		58		(22)		(22)
Nonforfeitable dividends allocated to unvested restricted shareholders	(274)		(274)		(246)		(246)


Net income (loss) attributable to common shareholders	$	(18,229)	$	(18,229)	$	10,484	$	10,484
Denominator
Weighted-average shares outstanding	171,818,463		171,818,463		171,411,631		171,411,631
Contingent securities/Share based compensation	—		—		—		1,163,777
Weighted-average shares outstanding	171,818,463		171,818,463		171,411,631		172,575,408
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	(0.11)	$	(0.11)	$	0.06	$	0.06

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):


	Three Months Ended June 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(12,737)	$	(12,737)	$	4,651	$	4,651
Net loss attributable to noncontrolling interests	—		—		2		2
Nonforfeitable dividends allocated to unvested restricted unitholders	(204)		(204)		(98)		(98)


Net income (loss) attributable to common unitholders	$	(12,941)	$	(12,941)	$	4,555	$	4,555
Denominator
Weighted-average units outstanding	172,478,629		172,478,629		172,043,498		172,043,498
Contingent securities/Share based compensation	—		—		—		733,398
Total weighted-average units outstanding	172,478,629		172,478,629		172,043,498		172,776,896
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	(0.08)	$	(0.08)	$	0.03	$	0.03


	Six Months Ended June 30,
	2023				2022
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	(18,013)	$	(18,013)	$	10,752	$	10,752
Net loss attributable to noncontrolling interests	1		1		4		4
Nonforfeitable dividends allocated to unvested restricted unitholders	(274)		(274)		(246)		(246)


Net income (loss) attributable to common unitholders	$	(18,286)	$	(18,286)	$	10,510	$	10,510
Denominator
Weighted-average units outstanding	172,334,930		172,334,930		171,985,863		171,985,863
Contingent securities/Share based compensation	—		—		—		1,163,777
Total weighted-average units outstanding	172,334,930		172,334,930		171,985,863		173,149,640
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	(0.11)	$	(0.11)	$	0.06	$	0.06