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Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of weighted average assumptions used to estimate the grant date fair value of options granted
The fair value of each stock option or LTIP Unit granted is estimated on the date of grant using the Black-Scholes option pricing model based on historical information with the following weighted average assumptions for grants during the six months ended June 30, 2025 and the year ended December 31, 2024.
June 30, 2025December 31, 2024
Dividend yieldnone5.5 %
Expected lifezero7.5 years
Risk-free interest ratenone4.45 %
Expected stock price volatilitynone45.0 %
Schedule of the Status of Stock Options and Changes During the Period
A summary of the status of the Company's stock options as of June 30, 2025 and December 31, 2024, and changes during the six months ended June 30, 2025 and year ended December 31, 2024 are as follows:
June 30, 2025December 31, 2024
Options OutstandingWeighted Average
Exercise Price
Options OutstandingWeighted Average
Exercise Price
Balance at beginning of period333,897 $81.63 115,980 $103.52 
Granted  217,917 68.07 
Lapsed or canceled    
Balance at end of period333,897 $81.63 333,897 $81.63 
Options exercisable at end of period115,980 $103.52 115,980 $103.52 
Schedule of Other Share-based Compensation, Activity
A summary of the Company's restricted stock as of June 30, 2025 and December 31, 2024 and changes during the six months ended June 30, 2025 and the year ended December 31, 2024, are as follows:
June 30, 2025December 31, 2024
Balance at beginning of period4,449,709 4,089,174 
Granted4,600 371,285 
Canceled(4,160)(10,750)
Balance at end of period4,450,149 4,449,709 
Vested during the period226,806 143,453 
Compensation expense recorded$7,477,142 $10,939,602 
Total fair value of restricted stock granted during the period$289,156 $24,676,422