v3.26.1
Noncontrolling Interests
 6 Months Ended
Jun. 30, 2026
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

As of June 30, 2026, our noncontrolling interest in consolidated affiliates relates to our joint venture partners’ 20.0% interest in the Midtown West joint venture, 90.0% interest in the Bloc 83 joint venture and 20.0% interest in the Terraces joint venture. Each of our joint venture partners is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Beginning noncontrolling interests in the Operating Partnership$43,189 $63,759 $52,777 $65,791 
Adjustment of noncontrolling interests in the Operating Partnership to fair value16,943 3,829 8,509 927 
Conversions of Common Units to Common Stock— — (700)— 
Redemptions of Common Units— — (24)(10)
Net income attributable to noncontrolling interests in the Operating Partnership1,716 365 2,295 2,321 
Distributions to noncontrolling interests in the Operating Partnership(1,008)(1,075)(2,017)(2,151)
Total noncontrolling interests in the Operating Partnership$60,840 $66,878 $60,840 $66,878 

The following table sets forth net income available for common stockholders and transfers from the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Net income available for common stockholders$93,474 $18,270 $124,837 $115,719 
Increase in additional paid in capital from conversions of Common Units to Common Stock— — 700 — 
Redemptions of Common Units— — 24 10 
Change from net income available for common stockholders and transfers from noncontrolling interests$93,474 $18,270 $125,561 $115,729