| Common Stock and Units Roll-Forward |
The following table is a roll-forward of the Company's shares of common stock outstanding and the Operating Partnership's Units outstanding, including equity compensation awards which are discussed in Note 11, for the three years ended December 31, 2025: | | | | | | | | | | | | | | Shares of
Common Stock
Outstanding | | General Partner and Limited Partner Units Outstanding | | Balance at December 31, 2022 | 132,141,503 | | | 135,197,269 | | | | | | | Issuance of Service Awards and Performance Awards (as defined in Note 11) | — | | | 405,618 | | | Vesting of Service Awards and Performance Units (as defined in Note 11) | 73,840 | | | 73,840 | | | Retirement of Service Awards and Performance Units (as defined in Note 11) | — | | | (9,193) | | Conversion of Limited Partner Units (A) | 73,696 | | | — | | Retirement of Limited Partner Units (B) | — | | | (330) | | | Balance at December 31, 2023 | 132,289,039 | | | 135,667,204 | | | | | | | Issuance of Service Awards and Performance Awards (as defined in Note 11) | — | | | 396,400 | | | Vesting of Service Awards and Performance Units (as defined in Note 11) | 56,646 | | | 56,646 | | | Retirement of Service Awards and Performance Units (as defined in Note 11) | — | | | (125,842) | | Conversion of Limited Partner Units (A) | 3,434 | | | — | | Retirement of Limited Partner Units (B) | — | | | (4,429) | | | Balance at December 31, 2024 | 132,349,119 | | | 135,989,979 | | | | | | | Issuance of Service Awards and Performance Awards (as defined in Note 11) | — | | | 549,203 | | | Vesting of Service Awards and Performance Units (as defined Note 11) | 59,686 | | | 59,686 | | | Retirement of Service Awards and Performance Units (as defined in Note 11) | — | | | (97,454) | | Conversion of Limited Partner Units (A) | 61,521 | | | — | | | | | | | Balance at December 31, 2025 | 132,470,326 | | | 136,501,414 | |
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