v3.26.1
Share-Based Payments (Tables)
6 Months Ended
Jun. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of share-based compensation expense

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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2026

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2025

X

2026

  ​ ​ ​

2025

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(In thousands)

Time-Based LTIP Units

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$

5,285

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$

4,616

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$

10,496

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$

9,429

AO LTIP Units and Performance-Based LTIP Units

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1,735

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1,339

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3,433

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2,686

LTIP Units

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900

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900

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900

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900

Other equity awards (1)

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1,263

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1,226

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2,614

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2,503

Total share-based compensation expense

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9,183

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8,081

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17,443

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15,518

Less: amount capitalized

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(236)

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(359)

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(463)

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(631)

Share-based compensation expense

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$

8,947

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$

7,722

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$

16,980

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$

14,887

(1)Primarily comprising compensation expense for: (i) fully vested LTIP Units issued to certain employees in lieu of all or a portion of any cash bonuses earned, (ii) RSUs and (iii) shares issued under our ESPP.
LTIP and Time-Based LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

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Expected volatility

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31.0 % to 36.0%

Risk-free interest rate

 

3.5% to 4.1%

Post-grant restriction periods

 

2 to 7 years

AO LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

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Expected volatility

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32.0%

Dividend yield

 

4.1%

Risk-free interest rate

 

3.7%

Share Price Performance LTIP Units  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of the significant assumptions of awards

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Expected volatility

 

36.0%

Dividend yield

 

3.8%

Risk-free interest rate

 

3.8%