v3.25.4
Partners' Capital of the Operating Partnership
12 Months Ended
Dec. 31, 2025
Partners' Capital [Abstract]  
Partners' Capital of the Operating Partnership Partners’ Capital of the Operating Partnership
Common Units

Common Units Outstanding

The following table sets forth the number of common units held by the Company as the general partner and the number of common units held by non-affiliated investors in the form of common limited partner units as well as the ownership interest held on each respective date:
December 31, 2025December 31, 2024
Company owned common units in the Operating Partnership118,372,451 118,046,674 
Company owned general partnership interest99.1 %99.0 %
Non-affiliated investors and other common units of the Operating Partnership1,133,562 1,150,574 
Ownership interest of limited partnership interests0.9 %1.0 %

For a further discussion of the redemption features of the common units not owned by the Company as of December 31, 2025 and 2024, refer to Note 10 “Noncontrolling Interests on the Company’s Consolidated Financial Statements.”

Accrued Distributions

The following tables summarize accrued distributions for the noted common units:
December 31, 2025December 31, 2024
 (in thousands)
Distributions payable to:
General partner$63,921 $63,745 
Common limited partners612 621 
RSU holders (1)
476 484 
Total accrued distributions to common unitholders$65,009 $64,850 
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(1)The amount includes the value of the dividend equivalents that will be paid with additional RSUs (See Note 14 “Share-Based and Other Compensation” for additional information).
December 31, 2025December 31, 2024
Outstanding Units:
Common units held by the general partner118,372,451 118,046,674 
Common units held by the limited partners1,133,562 1,150,574 
RSUs (1)
846,072 861,385 
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(1)Does not include 1,394,111 and 926,695 performance-based RSUs because not all the necessary performance conditions have been met as of December 31, 2025 and 2024, respectively. Refer to Note 14 “Share-Based and Other Compensation” for additional information.