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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Activity of Preferred and Common Stock
The table below summarizes the share activities of the Company's preferred stock and common stock.
Number of Shares
(In thousands)Preferred Stock
Class A
Common Stock
Class B
Common Stock
Shares outstanding at December 31, 202233,111 159,763 166 
Stock repurchases(235)— — 
Shares issued upon redemption of OP Units— 253 — 
Equity awards issued, net of forfeitures— 4,835 — 
Shares canceled for tax withholding on vested equity awards— (1,642)— 
Shares outstanding at December 31, 202332,876 163,209 166 
Exchange of notes for class A common stock— 8,245 — 
Shares issued upon redemption of OP units— 452 — 
Settlement of Wafra contingent consideration (1)
— 1,020 — 
Conversion of class B to class A common stock— 16 (16)
Equity awards issued, net of forfeitures— 1,772 — 
Shares canceled for tax withholding on vested equity awards— (512)— 
Shares outstanding at December 31, 202432,876 174,202 150 
Shares issued upon redemption of OP units — 6,128 — 
Conversion of class B to class A common stock— 150 (150)
Equity awards issued, net of forfeitures— 2,815 — 
Shares canceled for tax withholding on vested equity awards— (652)— 
Shares outstanding at December 31, 202532,876 182,643 — 
__________
(1)    In connection with the 2022 redemption of Wafra's investment in the Company's investment management business, contingent consideration was payable to Wafra based upon the Company achieving certain fundraising targets through December 31, 2023. The contingent amount was fully paid out, with $90 million paid in cash in March 2023, and the remaining $35 million in March 2024, settled 50% each in shares of the Company's Class A common stock and in cash.
The table below summarizes the preferred stock issued and outstanding at December 31, 2025:
DescriptionDividend Rate Per AnnumInitial Issuance Date
Shares Outstanding
(in thousands)
Par Value
(in thousands)
Liquidation Preference
(in thousands)
Earliest Redemption Date
Series H7.125 %April 20158,395 $84 $209,870 Currently redeemable
Series I7.15 %June 201712,867 129 321,668 Currently redeemable
Series J7.125 %September 201711,614 116 290,361 Currently redeemable
32,876 $329 $821,899 
Schedule of Components of Accumulated Other Comprehensive Income (Loss) Attributable to Stockholders
The following table presents the changes in each component of AOCI attributable to stockholders, net of immaterial tax effect.
Changes in Components of AOCI—Stockholders
(In thousands)
Foreign Currency Translation Gain (Loss)
Company's Share in AOCI of Equity Method Investments
Total
AOCI at December 31, 2022$(1,214)$(295)$(1,509)
Other comprehensive income (loss) before reclassifications2,906 (1)2,905 
Amounts reclassified from AOCI (1)
(1,246)296 (950)
Deconsolidation of investment entities (Note 2)
965 — 965 
AOCI at December 31, 2023$1,411 $— $1,411 
Other comprehensive income (loss) before reclassifications(889)— (889)
Amounts reclassified from AOCI (1)
(17)— (17)
AOCI at December 31, 2024$505 $— $505 
Other comprehensive income (loss)5,111 — 5,111 
AOCI at December 31, 2025$5,616 $— $5,616 
__________
(1)    Represent primarily the release of foreign currency cumulative translation adjustments which are included in other gain (loss) in continuing and discontinued operations on the consolidated statements of operations, as applicable, except for 2023 amounts related to equity method investments, which are included in equity method losses in discontinued operations.
The following table presents the change in a component of AOCI attributable to noncontrolling interests in investment entities for 2023. There was no activity in 2025 and 2024.
AOCI attributable to noncontrolling interests in Operating Company was immaterial.
Changes in Components of AOCI—Noncontrolling Interests in Investment Entities
(In thousands)Foreign Currency Translation Gain (Loss)
AOCI at December 31, 2022$(3,015)
Other comprehensive income (loss) before reclassifications884 
Amounts reclassified from AOCI (1)
(468)
Deconsolidation of investment entities (Note 2)
2,550 
AOCI at December 31, 2023$(49)
__________
(1)    Represent the release of foreign currency cumulative translation adjustments which are included in other gain (loss) in continuing and discontinued operations on the consolidated statements of operations.