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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Revenues $ 2,738,502 $ 2,470,368 $ 2,705,527
Expenses:      
Compensation and employee benefits 1,598,400 1,489,138 1,554,784
Equity-based compensation and allocations of net income to limited partnership units and FPUs 185,398 139,747 138,312
Total compensation and employee benefits 1,783,798 1,628,885 1,693,096
Operating, administrative and other 597,594 536,697 534,843
Fees to related parties 26,446 27,204 28,502
Depreciation and amortization 174,299 166,221 165,816
Total operating expenses 2,582,137 2,359,007 2,422,257
Other income (loss), net 6,677 13,854 (97,701)
Income from operations 163,042 125,215 185,569
Interest expense, net (31,768) (21,737) (30,970)
Income before income taxes and noncontrolling interests 131,274 103,478 154,599
Provision for income taxes 45,783 41,103 42,054
Consolidated net income 85,491 62,375 112,545
Less: Net income attributable to noncontrolling interests 24,257 19,800 29,270
Net income available to common stockholders 61,234 42,575 83,275
Basic earnings per share      
Net income available to common stockholders $ 61,234 $ 42,575 $ 83,275
Basic earnings per share (in dollars per share) $ 0.36 $ 0.25 $ 0.46
Basic weighted-average shares of common stock outstanding (in shares) 172,179 173,475 180,337
Fully diluted earnings per share      
Net income for fully diluted shares $ 61,234 $ 42,575 $ 110,403
Fully diluted earnings per share (in dollars per share) $ 0.34 $ 0.24 $ 0.45
Fully diluted weighted-average shares of common stock outstanding (in shares) 177,691 176,382 245,177
Management services, servicing fees and other      
Revenues:      
Revenues $ 1,106,699 $ 970,877 $ 909,485
Leasing and other commissions      
Revenues:      
Revenues 857,617 839,595 831,874
Capital markets      
Revenues:      
Revenues $ 774,186 $ 659,896 $ 964,168