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v3.25.4

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  |  |  |  | 11 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 10, 2025 | Oct. 03, 2025 | Jul. 03, 2025 | Apr. 04, 2025 | Feb. 07, 2025 | Dec. 31, 2025 | Dec. 31, 2025
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Common stock, shares authorized |  |  |  |  |  |  | 450,000,000 | 450,000,000
Common stock, par value |  |  |  |  |  |  | $ 0.01 | $ 0.01
Preferred stock, shares authorized |  |  |  |  |  |  | 50,000,000 | 50,000,000
Preferred stock, shares outstanding |  |  |  |  |  |  | 0 | 0
Preferred stock, par value |  |  |  |  |  |  | $ 0.01 | $ 0.01
Basic weighted average common shares outstanding |  |  |  |  |  |  |  | 166,003,497
Diluted weighted average common shares outstanding |  |  |  |  |  |  |  | 166,026,608
Dividends declared |  |  |  |  |  |  |  | $ 2.55
Dividends payable | [1] |  |  |  |  |  | $ 124,503 | $ 124,503
Additional paid-in capital |  |  |  |  |  |  | 5,873,087 | 5,873,087
Other Liabilities |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividends payable |  |  |  |  |  |  | $ 124,500 | $ 124,500
O 2025 Q1 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividend payable record date |  |  |  |  | Apr. 04, 2025 |  |  |
Dividend payment date |  |  |  |  | Apr. 15, 2025 |  |  |
O 2025 Q2 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividend payable record date |  |  |  | Jul. 03, 2025 |  |  |  |
Dividend payment date |  |  |  | Jul. 15, 2025 |  |  |  |
O 2025 Q3 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividend payable record date |  |  | Oct. 03, 2025 |  |  |  |  |
Dividend payment date |  |  | Oct. 15, 2025 |  |  |  |  |
O 2025 Q4 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividend payable declared date |  |  |  |  |  |  |  | Dec. 22, 2025
O 2026 Q1 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividend payable declared date |  |  |  |  |  |  |  | Jan. 15, 2026
Dividend payment date |  |  |  |  |  |  |  | Jan. 15, 2026
RSUs |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Restricted stock unit ("RSUs") granted |  | 32,255 |  |  |  |  |  | 28,300
2024 Omnibus Incentive Plan | RSUs |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Restricted stock unit ("RSUs") granted |  |  |  |  |  |  | 60,555 |
Lennar |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Percentage of ownership interest after disposal |  |  |  |  |  | 20.00% |  |
Spin-Off |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Stockholders equity for contributions |  |  |  |  |  | $ 5,200,000 |  |
Spin-Off | Lennar |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Stockholders equity for contributions |  |  |  |  |  | $ 5,900,000 |  |
Class A Common Stock |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Common stock, shares authorized |  |  |  |  |  |  | 275,000,000 | 275,000,000
Common stock, par value |  |  |  |  |  |  | $ 0.01 | $ 0.01
Class A Common Stock | Spin-Off | Lennar |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Common stock, par value |  |  |  |  |  | $ 0.01 |  |
Distribution of common stock |  |  |  |  |  | 120,983,633 | 120,983,633 | 120,983,633
Retained shares |  |  |  |  |  | 33,200,053 |  | 33,200,053
Class B Common Stock |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Common stock, shares authorized |  |  |  |  |  |  | 175,000,000 | 175,000,000
Common stock, par value |  |  |  |  |  |  | $ 0.01 | $ 0.01
Class B Common Stock | O 2025 Q4 Dividends |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Dividends declared |  |  |  |  |  |  |  | $ 0.75
Dividend payable record date |  |  |  |  |  |  |  | Jan. 05, 2026
Dividend payment date |  |  |  |  |  |  |  | Jan. 15, 2026
Class B Common Stock | Spin-Off | Lennar |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Common stock, par value |  |  |  |  |  | $ 0.01 |  |
Distribution of common stock |  |  |  |  |  | 11,819,811 | 11,819,811 | 11,819,811
Common Stock |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  |  |  |  |  |  | 166,003,497
Common Stock | Lennar |  |  |  |  |  |  |  |
Class of Stock [Line Items] |  |  |  |  |  |  |  |
Percentage of ownership interest after disposal |  |  |  |  |  |  |  | 20.00%
[1] | Payable for dividend declared by the Company on December 22, 2025, and paid on January 15, 2026. See Note 11. Stockholders' Equity.

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