v3.25.4

Share-Based Payments - Summary of Share-Based Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | $ 25,938 | $ 31,451 | $ 34,412
Less: amount capitalized | (1,082) | (1,927) | (2,312)
Share-based compensation expense | 24,856 | 29,524 | 32,100
Total unrecognized compensation expense | $ 13,500 |  |
Compensation expense recognition period (in years) | 1 year 8 months 12 days |  |
Share-based compensation expense - other |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | $ 25,938 | 31,451 | 33,863
Time-Based LTIP Units |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | $ 14,628 | 16,826 | 16,822
Compensation expense recognition period (in years) | 4 years |  |
AO LTIP Units and Performance-Based LTIP Units |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | $ 4,658 | 8,598 | 10,647
LTIP Units |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | 900 | 1,552 | 1,000
Other equity awards |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense | $ 5,752 | $ 4,475 | 5,394
Share-based compensation related to Formation Transaction and special equity awards |  |  |
Share-based Compensation Arrangement by Share-based Payment Award |  |  |
Total share-based compensation expense |  |  | $ 549

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