Numerator:

December 31, 2025

December 31, 2024

December 31, 2023

Net income available to common shareholders:

Class A, basic and diluted

$

406,919

$

344,092

$

294,964

Denominator:

Class A Common shares

Basic weighted average number of common shares outstanding

35,708,122

35,316,495

35,405,458

Plus weighted average number of RSUs with service conditions

254,014

261,461

523,464

Common share and common share equivalents, dilutive

35,962,136

35,577,956

35,928,922

Basic earnings per share:

Class A

11.40

9.74

8.33

Diluted earnings per share:

Class A

11.32

9.67

8.21