v3.26.1
Net Income (Loss) Per Class A Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:        
Net income $ 319,672 $ 30,111 $ 196,397 $ 117,939
Net income attributable to non-controlling interests 226,246 15,170 104,424 77,605
Net income attributable to Class A Common Stockholders prior to distributions 93,426 14,941 91,973 40,334
Reallocation of earnings to unvested participating restricted stock units (20,740) (10,591) (29,814) (27,474)
Net income attributable to Class A Common Stockholders - Basic 72,686 4,350 62,159 12,860
Net income (loss) assuming exchange of non-controlling interest 77,890 (24,089) 2,277 (31,526)
Net income (loss) attributable to Class A Common Stockholders - Diluted $ 150,576 $ (19,739) $ 64,436 $ (18,666)
Denominator:        
Weighted-Average Shares of Common Stock Outstanding - Basic (in shares) 164,670,334 133,404,634 162,166,694 125,450,638
Exchange of Common Units to Class A Common Stock (in shares) 220,797,816 236,738,149 222,427,895 244,302,400
Weighted-Average Shares of Common Stock Outstanding - Diluted (in shares) 385,468,150 370,142,783 384,594,589 369,753,038
Net income (loss) available to Class A common stock per share        
Basic (in usd per share) $ 0.44 $ 0.03 $ 0.38 $ 0.10
Diluted (in usd per share) 0.39 (0.05) 0.17 (0.05)
Dividends declared per share of Class A Common Stock (in usd per share) $ 0.59 $ 0.41 $ 1.20 $ 0.94