
		Limited Partnership Units
	General Partnership Units	Class A	Class B	Class C	Total
Balance March 31, 2025	1,250,000	4,662,904	111,923,206	—	116,586,110
Options exercised	—	—	800	—	800
Issuance of units	—	—	—	—	—





Balance June 30, 2025	1,250,000	4,662,904	111,924,006	—	116,586,910

Balance December 31, 2024	1,250,000	4,707,958	111,488,633	—	116,196,591
Options exercised	—	—	6,000	—	6,000

Grant of restricted common share awards by the Company, net of forfeitures	—	—	595,924	—	595,924
Exchange of Class A limited partnership units	—	(45,054)	45,054	—	—



Units withheld for employee income taxes	—	—	(211,605)	—	(211,605)
Balance June 30, 2025	1,250,000	4,662,904	111,924,006	—	116,586,910

Balance March 31, 2026	1,250,000	4,662,904	113,625,851	15,180	118,303,935
Options exercised	—	—	4,500	—	4,500


Grant of restricted common share awards by the Company, net of forfeitures	—	—	(1,362)	—	(1,362)



Balance June 30, 2026	1,250,000	4,662,904	113,628,989	15,180	118,307,073

Balance December 31, 2025	1,250,000	4,662,904	113,847,359	—	118,510,263
Options exercised	—	—	37,700	—	37,700
Issuance of Class C limited partnership units upon conversion of Basic LTIP units (1)	—	—	—	15,180	15,180
Grant of restricted common share awards by the Company, net of forfeitures	—	—	579,318	—	579,318



Repurchase of common units	—	—	(589,622)	—	(589,622)
Units withheld for employee income taxes	—	—	(245,766)	—	(245,766)
Balance June 30, 2026	1,250,000	4,662,904	113,628,989	15,180	118,307,073

(1)Represents time-based LTIP units of certain non-employee directors which vested and satisfied minimum allocations to the capital account of the LTIP unit for federal income tax purposes. The units automatically converted into non-voting Class C common limited partnership units of the Operating Partnership on February 15, 2026.