v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total Revenues $ 888,419,000 $ 759,112,000 $ 1,734,939,000 $ 1,424,606,000
Expenses:        
Compensation and employee benefits 539,704,000 455,044,000 1,055,311,000 854,556,000
Equity-based compensation and allocations of net income to limited partnership units and FPUs 68,116,000 60,140,000 136,512,000 134,486,000
Total compensation and employee benefits 607,820,000 515,184,000 1,191,823,000 989,042,000
Operating, administrative and other 186,137,000 151,010,000 367,581,000 304,987,000
Fees to related parties 8,088,000 7,794,000 16,612,000 17,364,000
Depreciation and amortization 45,979,000 42,611,000 92,211,000 88,969,000
Total operating expenses 848,024,000 716,599,000 1,668,227,000 1,400,362,000
Other income (loss), net 16,000.0 230,000 660,000 980,000
Income (loss) from operations 40,411,000 42,743,000 67,372,000 25,224,000
Interest expense, net (7,414,000) (9,023,000) (14,328,000) (17,506,000)
Income (loss) before income taxes and noncontrolling interests 32,997,000 33,720,000 53,044,000 7,718,000
Provision (benefit) for income taxes 9,581,000 4,209,000 13,013,000 (5,844,000)
Consolidated net income (loss) 23,416,000 29,511,000 40,031,000 13,562,000
Less: Net income (loss) attributable to noncontrolling interests 3,718,000 8,692,000 5,914,000 1,509,000
Net income (loss) available to common stockholders 19,698,000 20,819,000 34,117,000 12,053,000
Basic earnings per share        
Net income (loss) available to common stockholders $ 19,698,000 $ 20,819,000 $ 34,117,000 $ 12,053,000
Basic earnings per share (in dollars per share) $ 0.11 $ 0.12 $ 0.19 $ 0.07
Basic weighted-average shares of common stock outstanding (in shares) 178,598 179,560 180,611 177,965
Fully diluted earnings per share        
Net income (loss) for fully diluted shares $ 27,139,000 $ 28,773,000 $ 46,749,000 $ 16,101,000
Fully diluted earnings per share (in dollars per share) $ 0.11 $ 0.11 $ 0.18 $ 0.06
Fully diluted weighted-average shares of common stock outstanding (in shares) 251,863 252,614 253,943 253,670
Management Services, Servicing Fees and Other        
Revenues:        
Total Revenues $ 351,153,000 $ 298,397,000 $ 695,184,000 $ 582,290,000
Leasing and Other Commissions        
Revenues:        
Total Revenues 278,030,000 237,262,000 528,062,000 445,336,000
Capital Markets        
Revenues:        
Total Revenues $ 259,236,000 $ 223,453,000 $ 511,693,000 $ 396,980,000