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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Revenues $ 546,499 $ 520,799
Expenses:    
Compensation and employee benefits 328,195 328,351
Equity-based compensation and allocations of net income to limited partnership units and FPUs 51,443 35,648
Total compensation and employee benefits 379,638 363,999
Operating, administrative and other 137,943 118,982
Fees to related parties 7,541 7,792
Depreciation and amortization 43,975 38,830
Total operating expenses 569,097 529,603
Other income (loss), net (14) (3,010)
Loss from operations (22,612) (11,814)
Interest expense, net (7,220) (7,591)
Loss before income taxes and noncontrolling interests (29,832) (19,405)
Benefit for income taxes (3,516) (3,056)
Consolidated net loss (26,316) (16,349)
Less: Net loss attributable to noncontrolling interests (10,062) (5,999)
Net loss available to common stockholders (16,254) (10,350)
Basic earnings per share    
Net income available to common stockholders $ (16,254) $ (10,350)
Basic earnings per share (in usd per share) $ (0.09) $ (0.06)
Basic weighted-average shares of common stock outstanding (in shares) 174,774 172,561
Fully diluted earnings per share    
Net loss for fully diluted shares $ (16,254) $ (10,350)
Fully diluted earnings per share (in usd per share) $ (0.09) $ (0.06)
Fully diluted weighted-average shares of common stock outstanding (in shares) 174,774 172,561
Management services, servicing fees and other    
Revenues:    
Revenues $ 256,934 $ 212,292
Leasing and other commissions    
Revenues:    
Revenues 158,799 193,306
Investment sales    
Revenues:    
Revenues 70,823 71,993
Commercial mortgage origination, net    
Revenues:    
Revenues $ 59,943 $ 43,208