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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Summary of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the three months ended March 31, 2025 and 2024 attributable to the common shares of Holdings is calculated as follows (in thousands, except per share data):

												Three months ended   March 31,
																		2025						2024
																								(As Restated)
Net income (loss) from continuing operations attributable to common shares of Holdings																		$	(43,619)					$	(118,039)
Less: Effect of contribution based profit - Holding Event																		396						214
Net income (loss) from continuing operations attributable to common shares of Holdings																		$	(44,015)					$	(118,253)
Income from discontinued operations attributable to Holdings																		$	44					$	3,998
Less: Effect of contribution based profit - Holding Event																		—						—
Income from discontinued operations attributable to common shares of Holdings																		$	44					$	3,998
Basic and diluted weighted average common shares outstanding																		75,236						75,274
Basic and fully diluted income (loss) per common share attributable to Holdings
Continuing operations																		$	(0.59)					$	(1.57)
Discontinued operations																		—						0.05
																		$	(0.59)					$	(1.52)

Distributions

The following table summarizes information related to our quarterly cash distributions on our Trust common and preferred shares (in thousands, except per share data):

Period						Cash Distribution per Share						Total Cash Distributions						Record Date						Payment Date
Trust Common Shares:
January 1, 2025 - March 31, 2025 (1)						$	0.25					$	18,809					April 17, 2025						April 24, 2025
October 1, 2024 - December 31, 2024						$	0.25					$	18,809					January 16, 2025						January 23, 2025
July 1, 2024 - September 30, 2024						$	0.25					$	18,913					October 17, 2024						October 24, 2024
April 1, 2024 - June 30, 2024						$	0.25					$	18,913					July 18, 2024						July 25, 2024
January 1, 2024 - March 31, 2024						$	0.25					$	18,846					April 18, 2024						April 25, 2024
Series A Preferred Shares:
January 30, 2025 - April 29, 2025 (1)						$	0.453125					$	2,120					April 15, 2025						April 30, 2025
October 30, 2024 - January 29, 2025						$	0.453125					$	2,062					January 15, 2025						January 30, 2025
July 30, 2024 - October 29, 2024						$	0.453125					$	1,930					October 15, 2024						October 30, 2024
April 30, 2024 - July 29, 2024						$	0.453125					$	1,852					July 15, 2024						July 30, 2024
January 30, 2024 - April 29, 2024						$	0.453125					$	1,822					April 15, 2024						April 30, 2024
October 30, 2023 - January 29, 2024						$	0.453125					$	1,813					January 15, 2024						January 30, 2024
Series B Preferred Shares:
January 30, 2025 - April 29, 2025 (1)						$	0.4921875					$	3,703					April 15, 2025						April 30, 2025
October 30, 2024 - January 29, 2025						$	0.4921875					$	3,048					January 15, 2025						January 30, 2025
July 30, 2024 - October 29, 2024 (1)						$	0.4921875					$	2,347					October 15, 2024						October 30, 2024
April 30, 2024 - July 29, 2024						$	0.4921875					$	2,064					July 15, 2024						July 30, 2024
January 30, 2024 - April 29, 2024						$	0.4921875					$	1,983					April 15, 2024						April 30, 2024
October 30, 2023 - January 29, 2024						$	0.4921875					$	1,969					January 15, 2024						January 30, 2024
Series C Preferred Shares:
January 30, 2025 - April 29, 2025 (1)						$	0.4921875					$	3,892					April 15, 2025						April 30, 2025
October 30, 2024 - January 29, 2025						$	0.4921875					$	3,324					January 15, 2025						January 30, 2025
July 30, 2024 - October 29, 2024						$	0.4921875					$	2,690					October 15, 2024						October 30, 2024
April 30, 2024 - July 29, 2024						$	0.4921875					$	2,430					July 15, 2024						July 30, 2024
January 30, 2024 - April 29, 2024						$	0.4921875					$	2,295					April 15, 2024						April 30, 2024
October 30, 2023 - January 29, 2024						$	0.4921875					$	2,264					January 15, 2024						January 30, 2024

(1) This distribution was     declared on April 3, 2025.

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

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