v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE    
Interest revenue $ 2,788 $ 3,934
Gain on sale of leased equipment 17,959 4,437
Gain on sale of financial assets 438 378
Management and advisory fees 7,895 1,963
Total revenue 194,346 157,732
EXPENSES    
Depreciation and amortization expense 30,178 25,024
Cost of spare parts and equipment sales 14,417 15,323
Cost of maintenance services 8,860 5,329
Write-down of equipment 1,149 2,109
General and administrative 56,604 47,720
Technical expense 9,688 6,230
Net finance costs:    
Interest expense 32,633 32,094
Loss on debt extinguishment 7,027 0
Total net finance costs 39,660 32,094
Total expenses 160,556 133,829
Income from operations 33,790 23,903
Income from investments 3,048 1,351
Income before income taxes 36,838 25,254
Income tax expense 11,755 8,385
Net income 25,083 16,869
Preferred stock dividends 1,353 1,323
Accretion of preferred stock issuance costs 69 70
Net income attributable to common shareholders 23,661 15,476
Net income attributable to common shareholders $ 23,661 $ 15,476
Basic weighted average income per common share (in dollars per share) $ 3.49 $ 2.34
Diluted weighted average income per common share (in dollars per share) $ 3.26 $ 2.21
Basic weighted average common shares outstanding (in shares) 6,778 6,606
Diluted weighted average common shares outstanding (in shares) 7,252 7,000
Lease rent revenue    
REVENUE    
Lease rent and maintenance reserve revenue $ 77,385 $ 67,739
Maintenance reserve revenue    
REVENUE    
Lease rent and maintenance reserve revenue 55,512 54,859
Spare parts and equipment sales    
REVENUE    
Other sales and revenue 21,687 18,240
Maintenance services revenue    
REVENUE    
Other sales and revenue 9,769 5,586
Other revenue    
REVENUE    
Other sales and revenue $ 913 $ 596