Stock-Based Compensation and Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Non-Cash Compensation Expense

The amounts recorded in general and administrative expenses in the Company’s consolidated statements of operations for the amortization of all of the outstanding stock-based awards and LTIP Units for the three month periods ended March 31, 2026 and 2025, consisted of the following (in thousands):


		For the Three Months Ended
Non-Cash Compensation Expense		March 31, 2026				March 31, 2025
Restricted stock units (“RSUs”) and Restricted stock awards ("RSAs")		$	1,504			$	2,296
Service-based LTIP Units			363				379
Performance-Based Restricted Stock Awards (“PRSAs”)			317				132
Performance-Based LTIP Units (“PB LTIPs”)			787				787
Total non-cash compensation expense		$	2,971			$	3,594