| Summary of Consolidated Balances of PSGP |
The following tables summarize the consolidated balances of PSGP:
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Summarized Financial Information - Pershing Square GP, LLC |
June 30, 2026 |
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December 31, 2025 |
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Statements of Financial Condition |
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Assets |
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Investment in Pershing Square, L.P., at fair value |
$ |
56,820,724 |
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$ |
79,288,239 |
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Due from affiliates |
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— |
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11,800,000 |
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Total assets |
$ |
56,820,724 |
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$ |
91,088,239 |
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Liabilities and Equity |
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Accrued compensation and benefits |
$ |
8,579,607 |
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$ |
16,593,355 |
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Performance fee distributions payable |
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— |
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11,800,000 |
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Total liabilities |
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8,579,607 |
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28,393,355 |
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Non-controlling interest |
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48,241,117 |
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62,694,884 |
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Total liabilities and equity |
$ |
56,820,724 |
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$ |
91,088,239 |
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Three months ended June 30, |
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Six months ended June 30, |
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Statements of Operations |
2026 |
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2025 |
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2026 |
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2025 |
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Unrealized gain (loss) on investment in Pershing
Square, L.P. held at fair value |
$ |
2,149,815 |
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$ |
8,577,450 |
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$ |
(8,793,965 |
) |
$ |
8,670,578 |
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Performance allocation from Pershing Square, L.P.(1) |
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1,107 |
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922,410 |
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1,107 |
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922,567 |
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Profit-sharing partner compensation |
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(351 |
) |
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(310,695 |
) |
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(351 |
) |
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(310,748 |
) |
Net income (loss) attributable to non-controlling interest |
$ |
2,150,571 |
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$ |
9,189,165 |
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$ |
(8,793,209 |
) |
$ |
9,282,397 |
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(1) Included in performance fees on PS Inc.'s Consolidated Statements of Operations |
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| Schedule of Fixed Assets |
The following table provides the gross balances for each class of fixed assets and total accumulated depreciation and amortization for all asset classes:
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June 30, 2026 |
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December 31, 2025 |
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Asset Class |
Useful Life |
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Leasehold Improvements |
15 |
$ |
28,405,531 |
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$ |
28,395,531 |
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Furniture and Fixtures |
7 |
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2,173,959 |
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2,173,959 |
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Office Computers and Equipment |
5 |
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1,559,296 |
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1,528,371 |
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Computer Software |
3 |
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461,304 |
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478,725 |
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Total Fixed Assets and Leasehold Improvements (gross) |
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32,600,090 |
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32,576,586 |
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Less: Accumulated Depreciation and Amortization |
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(18,740,780 |
) |
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(17,592,861 |
) |
Total Fixed Assets and Leasehold Improvements (net) |
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$ |
13,859,310 |
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$ |
14,983,725 |
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