v3.26.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Class A common shares
Class B common shares
Shareholders’ equity
Shareholders’ equity
Class A common shares
Common shares
Class A common shares
Common shares
Class B common shares
Preferred shares
Additional paid-in capital
Additional paid-in capital
Class A common shares
Accumulated deficit
Accumulated other comprehensive income
Noncontrolling interest
Beginning balances, common stock (in shares) at Dec. 31, 2024           368,987,993 635,075            
Beginning balances at Dec. 31, 2024 $ 7,848,630     $ 7,160,016   $ 3,690 $ 6 $ 92 $ 7,529,008   $ (380,632) $ 7,852 $ 688,614
Beginning balances, preferred stock (in shares) at Dec. 31, 2024               9,200,000          
Increase (Decrease) in Stockholders' Equity                          
Share-based compensation 7,661     7,661         7,661        
Common stock issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)           537,128              
Common units issued under share-based compensation plans, net of units withheld for employee taxes (10,370)     (10,370)   $ 5     (10,375)        
Distributions to equity holders:                          
Preferred Shares (3,486)     (3,486)             (3,486)    
Noncontrolling interests (15,413)                       (15,413)
Common shares (111,724)     (111,724)             (111,724)    
Net income 128,713     113,458             113,458   15,255
Total other comprehensive (loss) income (1,900)     (1,666)               (1,666) (234)
Ending balances, common stock (in shares) at Mar. 31, 2025           369,525,121 635,075            
Ending balances at Mar. 31, 2025 7,842,111     7,153,889   $ 3,695 $ 6 $ 92 7,526,294   (382,384) 6,186 688,222
Ending balances, preferred stock (in shares) at Mar. 31, 2025               9,200,000          
Beginning balances, common stock (in shares) at Dec. 31, 2024           368,987,993 635,075            
Beginning balances at Dec. 31, 2024 7,848,630     7,160,016   $ 3,690 $ 6 $ 92 7,529,008   (380,632) 7,852 688,614
Beginning balances, preferred stock (in shares) at Dec. 31, 2024               9,200,000          
Distributions to equity holders:                          
Net income 252,337                        
Total other comprehensive (loss) income (702)                        
Ending balances, common stock (in shares) at Jun. 30, 2025           370,262,580 635,075            
Ending balances at Jun. 30, 2025 7,845,543     7,165,206   $ 3,702 $ 6 $ 92 7,542,892   (388,735) 7,249 680,337
Ending balances, preferred stock (in shares) at Jun. 30, 2025               9,200,000          
Beginning balances, common stock (in shares) at Mar. 31, 2025           369,525,121 635,075            
Beginning balances at Mar. 31, 2025 7,842,111     7,153,889   $ 3,695 $ 6 $ 92 7,526,294   (382,384) 6,186 688,222
Beginning balances, preferred stock (in shares) at Mar. 31, 2025               9,200,000          
Increase (Decrease) in Stockholders' Equity                          
Share-based compensation 6,473     6,473         6,473        
Common stock issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)           187,459              
Common units issued under share-based compensation plans, net of units withheld for employee taxes 2,775     2,775   $ 2     2,773        
Redemptions of Class A units (in shares)           550,000              
Redemptions of Class A units 0     7,366   $ 5     7,352     9 (7,366)
Distributions to equity holders:                          
Preferred Shares (3,486)     (3,486)             (3,486)    
Noncontrolling interests (15,248)                       (15,248)
Common shares (111,904)     (111,904)             (111,904)    
Net income 123,624     109,039             109,039   14,585
Total other comprehensive (loss) income 1,198     1,054               1,054 144
Ending balances, common stock (in shares) at Jun. 30, 2025           370,262,580 635,075            
Ending balances at Jun. 30, 2025 7,845,543     7,165,206   $ 3,702 $ 6 $ 92 7,542,892   (388,735) 7,249 680,337
Ending balances, preferred stock (in shares) at Jun. 30, 2025               9,200,000          
Beginning balances, common stock (in shares) at Dec. 31, 2025   366,021,665 635,075     366,021,665 635,075            
Beginning balances at Dec. 31, 2025 $ 7,709,506     7,033,748   $ 3,660 $ 6 $ 92 7,411,003   (387,643) 6,630 675,758
Beginning balances, preferred stock (in shares) at Dec. 31, 2025 9,200,000             9,200,000          
Increase (Decrease) in Stockholders' Equity                          
Share-based compensation $ 6,760     6,760         6,760        
Common stock issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)           452,767              
Common units issued under share-based compensation plans, net of units withheld for employee taxes (9,251)     (9,251)   $ 5     (9,256)        
Redemptions of Class A units (in shares)           340,000              
Redemptions of Class A units 0     4,558   $ 3     4,549     6 (4,558)
Repurchases of Class A common shares (in shares)           (3,653,721)              
Repurchases of Class A common shares   $ (115,144)     $ (115,144) $ (36)       $ (115,108)      
Distributions to equity holders:                          
Preferred Shares (3,486)     (3,486)             (3,486)    
Noncontrolling interests (16,545)                       (16,545)
Common shares (120,338)     (120,338)             (120,338)    
Net income 148,844     131,254             131,254   17,590
Total other comprehensive (loss) income (352)     (316)               (316) (36)
Ending balances, common stock (in shares) at Mar. 31, 2026           363,160,711 635,075            
Ending balances at Mar. 31, 2026 7,599,994     6,927,785   $ 3,632 $ 6 $ 92 7,297,948   (380,213) 6,320 672,209
Ending balances, preferred stock (in shares) at Mar. 31, 2026               9,200,000          
Beginning balances, common stock (in shares) at Dec. 31, 2025   366,021,665 635,075     366,021,665 635,075            
Beginning balances at Dec. 31, 2025 $ 7,709,506     7,033,748   $ 3,660 $ 6 $ 92 7,411,003   (387,643) 6,630 675,758
Beginning balances, preferred stock (in shares) at Dec. 31, 2025 9,200,000             9,200,000          
Distributions to equity holders:                          
Net income $ 281,763                        
Total other comprehensive (loss) income (701)                        
Ending balances, common stock (in shares) at Jun. 30, 2026   359,179,944 635,075     359,179,944 635,075            
Ending balances at Jun. 30, 2026 $ 7,479,015     6,807,579   $ 3,592 $ 6 $ 92 7,183,780   (385,896) 6,005 671,436
Ending balances, preferred stock (in shares) at Jun. 30, 2026 9,200,000             9,200,000          
Beginning balances, common stock (in shares) at Mar. 31, 2026           363,160,711 635,075            
Beginning balances at Mar. 31, 2026 $ 7,599,994     6,927,785   $ 3,632 $ 6 $ 92 7,297,948   (380,213) 6,320 672,209
Beginning balances, preferred stock (in shares) at Mar. 31, 2026               9,200,000          
Increase (Decrease) in Stockholders' Equity                          
Share-based compensation 6,645     6,645         6,645        
Common stock issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)           133,809              
Common units issued under share-based compensation plans, net of units withheld for employee taxes 2,182     2,182   $ 1     2,181        
Repurchases of Class A common shares (in shares)           (4,114,576)              
Repurchases of Class A common shares   $ (123,035)     $ (123,035) $ (41)       $ (122,994)      
Distributions to equity holders:                          
Preferred Shares (3,486)     (3,486)             (3,486)    
Noncontrolling interests (16,546)                       (16,546)
Common shares (119,309)     (119,309)             (119,309)    
Net income 132,919     117,112             117,112   15,807
Total other comprehensive (loss) income (349)     (315)               (315) (34)
Ending balances, common stock (in shares) at Jun. 30, 2026   359,179,944 635,075     359,179,944 635,075            
Ending balances at Jun. 30, 2026 $ 7,479,015     $ 6,807,579   $ 3,592 $ 6 $ 92 $ 7,183,780   $ (385,896) $ 6,005 $ 671,436
Ending balances, preferred stock (in shares) at Jun. 30, 2026 9,200,000             9,200,000