The following table reflects the activity of noncontrolling interests for the three and six months ended June 30, 2025 and 2024, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (dollars in thousands) | | 2025 | | 2024 | | 2025 | | 2024 | | Opening Balance | | $ | 128,691 | | | $ | 139,985 | | | $ | 133,678 | | | $ | 142,075 | | | Net income (loss) | | 939 | | | (187) | | | (2,092) | | | (753) | | | Unit distributions | | (689) | | | (521) | | | (1,379) | | | (978) | | | Redeemable noncontrolling interests | | (81) | | | (81) | | | (162) | | | (378) | | | Change in noncontrolling interests in consolidated joint ventures | | (441) | | | (209) | | | (529) | | | (1,142) | | | Redemption of common units for common stock | | (30) | | | (113) | | | (539) | | | (113) | | | Redemption of common units | | — | | | — | | | (148) | | | — | | | | | | | | | | | | | | | | | | | | | Other comprehensive income (loss) | | (8) | | | (72) | | | (101) | | | 22 | | | Rebalancing of ownership percentage between parent and subsidiaries | | 89 | | | (154) | | | (258) | | | (85) | | | Balance at June 30 | | $ | 128,470 | | | $ | 138,648 | | | $ | 128,470 | | | $ | 138,648 | |
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