
		Limited Partnership Units
	General Partnership Units	Class A	Class B	Class C	Total
Balance December 31, 2024	1,250,000	4,707,958	111,488,633	—	116,196,591
Options exercised	—	—	5,200	—	5,200

Exchange of Class A limited partnership units	—	(45,054)	45,054	—	—
Grant of restricted common share awards by the Company, net of forfeitures	—	—	595,924	—	595,924


Units withheld for employee income taxes	—	—	(211,605)	—	(211,605)
Balance March 31, 2025	1,250,000	4,662,904	111,923,206	—	116,586,110

Balance December 31, 2025	1,250,000	4,662,904	113,847,359	—	118,510,263
Options exercised	—	—	33,200	—	33,200
Issuance of Class C limited partnership units upon conversion of Basic LTIP units (1)	—	—	—	15,180	15,180

Grant of restricted common share awards by the Company, net of forfeitures	—	—	580,680	—	580,680


Repurchase of common units	—	—	(589,622)	—	(589,622)
Units withheld for employee income taxes	—	—	(245,766)	—	(245,766)
Balance March 31, 2026	1,250,000	4,662,904	113,625,851	15,180	118,303,935

(1)Represents time-based LTIP units of certain non-employee directors which vested and satisfied minimum allocations to the capital account of the LTIP unit for federal income tax purposes. The units automatically converted into non-voting Class C common limited partnership units of the Operating Partnership on February 15, 2026.