v3.25.4
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Expense As a result of the Internalization, we began to recognize share-based compensation expense related to RP Holdings Class E Interests that were issued as part of the Internalization consideration, Employee EPAs and Employee RSUs. The share-based compensation expense is comprised of the following (in thousands):
Years Ended December 31,
202520242023
RP Holdings Class E Interests$108,945 $— $— 
Employee EPAs176,334 — — 
Employee and Director RSUs5,611 3,224 3,302 
Total Share-Based Compensation$290,890 $3,224 $3,302