v3.26.1
Share-Based Payments (Tables)
3 Months Ended
Mar. 31, 2026
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of share-based compensation expense

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

 

(In thousands)

Time-Based LTIP Units

$

5,211

$

4,813

AO LTIP Units and Performance-Based LTIP Units

 

1,698

 

1,347

Other equity awards (1)

 

1,351

 

1,277

Total share-based compensation expense

 

8,260

 

7,437

Less: amount capitalized

 

(227)

 

(272)

Share-based compensation expense

$

8,033

$

7,165

(1)Primarily comprising compensation expense for: (i) fully vested LTIP Units issued to certain employees in lieu of all or a portion of any cash bonuses earned, (ii) RSUs and (iii) shares issued under our ESPP.
LTIP and Time-Based LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

  ​ ​

31.0 % to 36.0%

Risk-free interest rate

 

3.5%

Post-grant restriction periods

 

2 to 7 years

AO LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

  ​ ​

32.0%

Dividend yield

 

4.1%

Risk-free interest rate

 

3.7%

Share Price Performance LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

 

36.0%

Dividend yield

 

3.8%

Risk-free interest rate

 

3.8%

ESPP  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

  ​ ​

29.0%

Risk-free interest rate

 

3.7%

Expected life

3 months