v3.26.1
Equity and Non-Controlling Interests (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Common Shares

For the three months ended June 30, 2026 and 2025, the below tables detail the movement in the Company’s outstanding common shares (in thousands):

 

Three Months Ended June 30, 2026

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

 

Total

 

March 31, 2026

 

 

26,245

 

 

 

4,347

 

 

 

16,139

 

 

 

3,420

 

 

 

5,942

 

 

 

1,527

 

 

 

7,187

 

 

 

1,287

 

 

 

 

 

 

 

 

 

66,094

 

Common shares issued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,143

 

 

 

161

 

 

 

1,427

 

 

 

5

 

 

 

39

 

 

 

131

 

 

 

2,906

 

Distribution reinvestment

 

 

154

 

 

 

23

 

 

 

172

 

 

 

50

 

 

 

50

 

 

 

17

 

 

 

52

 

 

 

5

 

 

 

 

 

 

 

 

 

523

 

Class transfers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

 

 

(3

)

 

 

 

 

 

 

 

 

 

Common shares repurchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(47

)

 

 

(3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(50

)

June 30, 2026

 

 

26,399

 

 

 

4,370

 

 

 

16,311

 

 

 

3,470

 

 

 

7,088

 

 

 

1,702

 

 

 

8,669

 

 

 

1,294

 

 

 

39

 

 

 

131

 

 

 

69,473

 

 

 

Three Months Ended June 30, 2025

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

 

Total

 

March 31, 2025

 

 

17,659

 

 

 

3,571

 

 

 

8,365

 

 

 

2,251

 

 

 

 

 

 

 

 

 

184

 

 

 

1,274

 

 

 

 

 

 

 

 

 

33,304

 

Common shares issued

 

 

4,430

 

 

 

851

 

 

 

7,063

 

 

 

998

 

 

 

2,271

 

 

 

297

 

 

 

1,113

 

 

 

10

 

 

 

 

 

 

 

 

 

17,033

 

Distribution reinvestment

 

 

122

 

 

 

18

 

 

 

125

 

 

 

35

 

 

 

5

 

 

 

 

 

 

2

 

 

 

3

 

 

 

 

 

 

 

 

 

310

 

Class transfers

 

 

8

 

 

 

(8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares repurchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4

)

 

 

(5

)

 

 

 

 

 

 

 

 

(9

)

June 30, 2025

 

 

22,219

 

 

 

4,432

 

 

 

15,553

 

 

 

3,284

 

 

 

2,276

 

 

 

297

 

 

 

1,295

 

 

 

1,282

 

 

 

 

 

 

 

 

 

50,638

 

For the six months ended June 30, 2026 and 2025, the below tables detail the movement in the Company’s outstanding common shares (in thousands):

 

 

Six Months Ended June 30, 2026

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

 

Total

 

December 31, 2025

 

 

25,338

 

 

 

4,474

 

 

 

15,867

 

 

 

3,372

 

 

 

5,116

 

 

 

1,107

 

 

 

5,359

 

 

 

1,268

 

 

 

 

 

 

 

 

 

61,901

 

Common shares issued

 

 

708

 

 

 

 

 

 

 

 

 

 

 

 

2,024

 

 

 

576

 

 

 

3,214

 

 

 

20

 

 

 

39

 

 

 

131

 

 

 

6,712

 

Distribution reinvestment

 

 

303

 

 

 

46

 

 

 

344

 

 

 

98

 

 

 

94

 

 

 

30

 

 

 

93

 

 

 

9

 

 

 

 

 

 

 

 

 

1,017

 

Class transfers

 

 

50

 

 

 

(150

)

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

3

 

 

 

(3

)

 

 

 

 

 

 

 

 

 

Common shares repurchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(146

)

 

 

(11

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(157

)

June 30, 2026

 

 

26,399

 

 

 

4,370

 

 

 

16,311

 

 

 

3,470

 

 

 

7,088

 

 

 

1,702

 

 

 

8,669

 

 

 

1,294

 

 

 

39

 

 

 

131

 

 

 

69,473

 

 

 

Six Months Ended June 30, 2025

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

 

Total

 

December 31, 2024

 

 

9,401

 

 

 

976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18

 

 

 

1,133

 

 

 

 

 

 

 

 

 

11,528

 

Common shares issued

 

 

12,598

 

 

 

3,445

 

 

 

15,413

 

 

 

3,241

 

 

 

2,271

 

 

 

297

 

 

 

1,279

 

 

 

148

 

 

 

 

 

 

 

 

 

38,692

 

Distribution reinvestment

 

 

205

 

 

 

26

 

 

 

140

 

 

 

43

 

 

 

5

 

 

 

 

 

 

2

 

 

 

6

 

 

 

 

 

 

 

 

 

427

 

Class transfers

 

 

15

 

 

 

(15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares repurchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4

)

 

 

(5

)

 

 

 

 

 

 

 

 

(9

)

June 30, 2025

 

 

22,219

 

 

 

4,432

 

 

 

15,553

 

 

 

3,284

 

 

 

2,276

 

 

 

297

 

 

 

1,295

 

 

 

1,282

 

 

 

 

 

 

 

 

 

50,638

 

 

Summary of Net Distributions Declared

For the three months ended June 30, 2026 and 2025, the aggregate net distributions declared for each applicable class of common shares are below:

 

 

 

 

Three Months Ended June 30, 2026

 

 

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I(1)

 

 

Class F-S(1)

 

Aggregate net distributions declared per share of common shares

 

$

0.4128

 

 

$

0.3709

 

 

$

0.3883

 

 

$

0.4007

 

 

$

0.3392

 

 

$

0.3250

 

 

$

0.3671

 

 

$

0.4628

 

 

$

0.2749

 

 

$

0.2465

 

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S(2)

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

Aggregate net distributions declared per share of common shares

 

$

0.3694

 

 

$

0.3272

 

 

$

0.3447

 

 

$

0.3573

 

 

$

0.3310

 

 

$

0.2144

 

 

$

0.3558

 

 

$

0.4196

 

 

$

 

 

$

 

 

 

(1)
Shares were outstanding for a portion of the three months ended June 30, 2026.
(2)
Shares were outstanding for a portion of the three months ended June 30, 2025.

For the six months ended June 30, 2026 and 2025, the aggregate net distributions declared for each applicable class of common shares are below:

 

 

 

 

Six Months Ended June 30, 2026

 

 

 

 

Class B

 

 

Class R

 

 

Class J-1

 

 

Class J-2

 

 

Class J-4

 

 

Class S

 

 

Class I

 

 

Class E

 

 

Class F-I(1)

 

 

Class F-S(1)

 

Aggregate net distributions declared per share of common shares

 

$

0.8264

 

 

$

0.7425

 

 

$

0.7773

 

 

$

0.8023

 

 

$

0.6751

 

 

$

0.6457

 

 

$

0.7327

 

 

$

0.9265

 

 

$

0.2749

 

 

$

0.2465

 

 

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

 

Class B

 

 

Class R

 

 

Class J-1(2)

 

 

Class J-2(2)

 

 

Class J-4(2)

 

 

Class S(2)

 

 

Class I

 

 

Class E

 

 

Class F-I

 

 

Class F-S

 

Aggregate net distributions declared per share of common shares

 

$

0.7726

 

 

$

0.6879

 

 

$

0.5974

 

 

$

0.6183

 

 

$

0.3310

 

 

$

0.2144

 

 

$

0.6959

 

 

$

0.8228

 

 

$

 

 

$

 

 

 

(1)
Shares were outstanding for a portion of the six months ended June 30, 2026.
(2)
Shares were outstanding for a portion of the six months ended June 30, 2025.