v3.26.1
Share-Based Payments (Tables)
6 Months Ended
Jun. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of share-based compensation expense

Three Months Ended June 30, 

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

X

2026

  ​ ​ ​

2025

 

(In thousands)

Time-Based LTIP Units

$

5,285

$

4,616

$

10,496

$

9,429

AO LTIP Units and Performance-Based LTIP Units

 

1,735

 

1,339

 

3,433

 

2,686

LTIP Units

 

900

 

900

 

900

 

900

Other equity awards (1)

 

1,263

 

1,226

 

2,614

 

2,503

Total share-based compensation expense

 

9,183

 

8,081

 

17,443

 

15,518

Less: amount capitalized

 

(236)

 

(359)

 

(463)

 

(631)

Share-based compensation expense

$

8,947

$

7,722

$

16,980

$

14,887

(1)Primarily comprising compensation expense for: (i) fully vested LTIP Units issued to certain employees in lieu of all or a portion of any cash bonuses earned, (ii) RSUs and (iii) shares issued under our ESPP.
LTIP and Time-Based LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

  ​ ​

31.0 % to 36.0%

Risk-free interest rate

 

3.5% to 4.1%

Post-grant restriction periods

 

2 to 7 years

AO LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

  ​ ​

32.0%

Dividend yield

 

4.1%

Risk-free interest rate

 

3.7%

Share Price Performance LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

Expected volatility

 

36.0%

Dividend yield

 

3.8%

Risk-free interest rate

 

3.8%