v3.26.1
Share-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions Used to Estimate the Grant Date Fair Value of Options Granted
The fair value of each stock option or LTIP Unit granted is estimated on the date of grant using the Black-Scholes option pricing model based on historical information with the following weighted average assumptions for grants during the six months ended June 30, 2026 and the year ended December 31, 2025.
June 30, 2026December 31, 2025
Dividend yield6.7 %7.1 %
Expected life6.0 years3.6 years
Risk-free interest rate3.84 %3.58 %
Expected stock price volatility51.0 %46.0 %
Schedule of the Status of Stock Options and Changes During the Period
A summary of the status of the Company's stock options as of June 30, 2026 and December 31, 2025, and changes during the six months ended June 30, 2026 and year ended December 31, 2025 are as follows:
June 30, 2026December 31, 2025
Options OutstandingWeighted Average
Exercise Price		Options OutstandingWeighted Average
Exercise Price
Balance at beginning of period740,897 $61.66 333,897 $81.63 
Granted100,000 40.49 407,000 44.35 
Lapsed or canceled(52,500)99.86 — — 
Balance at end of period788,397 $56.56 740,897 $61.66 
Options exercisable at end of period155,139 $88.16 188,619 $91.12 
Schedule of Other Share-based Compensation, Activity
A summary of the Company's restricted stock as of June 30, 2026 and December 31, 2025 and changes during the six months ended June 30, 2026 and the year ended December 31, 2025, are as follows:
June 30, 2026December 31, 2025
Balance at beginning of period4,532,000 4,449,709 
Granted88,742 91,926 
Canceled(12,184)(9,635)
Balance at end of period4,608,558 4,532,000 
Vested during the period305,156 236,139 
Compensation expense recorded$5,744,402 $15,077,198 
Total fair value of restricted stock granted during the period$3,279,401 $4,206,695