v3.26.1
Supplemental Cash Flow Information
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Supplemental Cash Flow Elements [Abstract]    
Supplemental Cash Flow Information

NOTE 17.     Supplemental Cash Flow Information

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The following table provides supplemental cash flow information (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

Six Months Ended June 30,

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Supplemental cash flow information:

 

​

  ​

 

​

  ​

Interest paid

​

$

777

​

$

2,278

Income taxes paid (refunded), net

​

 

1,924

​

 

286

Supplemental schedule of non-cash investing and financing activities:

​

 

  ​

​

 

  ​

Accrued construction costs

​

$

4,382

​

$

7,065

Net noncash impact from the consolidation of properties previously held in an unconsolidated joint venture

​

​

312,826

​

​

—

Accrued offering costs

​

 

839

​

 

—

​

The following table summarizes cash, cash equivalents, and restricted cash (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

Six Months Ended June 30,

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Beginning of period:

 

​

  ​

 

​

  ​

Cash and cash equivalents

​

$

19,652

​

$

18,777

Restricted cash

​

 

64,609

​

 

60,289

Cash, cash equivalents, and restricted cash

​

$

84,261

​

$

79,066

End of period:

​

 

  ​

​

 

  ​

Cash and cash equivalents

​

$

1,557,655

​

$

22,571

Restricted cash

​

 

88,887

​

 

66,414

Cash, cash equivalents, and restricted cash

​

$

1,646,542

​

$

88,985

​

Cash and Cash Equivalents

The Company maintains its cash and cash equivalents at financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per institution. As of June 30, 2026 and December 31, 2025, the account balances at certain institutions exceeded the FDIC insurance coverage.

NOTE 15.    Supplemental Cash Flow Information

The following table provides supplemental cash flow information (in thousands):

​

​

​

​

​

​

​

​

​

Year Ended December 31,

​

  ​ ​ ​

2025

  ​ ​ ​

2024

Supplemental cash flow information:

​

​

​

​

​

​

Interest paid

​

$

4,543

​

$

3,220

Income taxes paid (refunded), net

​

​

1,172

​

​

3,054

Supplemental schedule of non-cash investing and financing activities:

​

​

​

​

​

​

Accrued construction costs

​

​

6,039

​

​

5,961

​

The following table summarizes cash, cash equivalents, and restricted cash (in thousands):

​

​

​

​

​

​

​

​

​

December 31,

​

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning of period:

​

​

​

​

​

​

Cash and cash equivalents

​

$

18,777

​

$

26,504

Restricted cash

​

 

60,289

​

 

50,442

Cash, cash equivalents, and restricted cash

​

$

79,066

​

$

76,946

End of period:

​

​

​

​

​

​

Cash and cash equivalents

​

$

19,652

​

$

18,777

Restricted cash

​

 

64,609

​

 

60,289

Cash, cash equivalents, and restricted cash

​

$

84,261

​

$

79,066

​