Year Ended December 31,

2025

2024

Net income attributable to common stockholders

$

1,537,203

$

1,540,403

Less: Class K Common Stock dividends declared and accumulated

2,710,194

2,729,491

Less: Class K-I Common Stock dividends declared and accumulated

994,071

968,225

Less: Class K-T Common Stock dividends declared and accumulated

—

875

Less: Class A Common Stock dividends declared and accumulated

406,987

Undistributed net loss

$

(2,574,049)

$

(2,565,175)

Class K Common Stock:

Undistributed net loss

$

(1,661,442)

$

(1,669,815)

Class K Common Stock dividends declared and accumulated

2,710,194

2,729,491

Net income

$

1,048,752

$

1,059,676

Net income per common share, basic and diluted

$

0.27

$

0.27

Weighted average number of common shares outstanding, basic and diluted

3,871,433

3,899,295

Class K-I Common Stock:

Undistributed net loss

$

(609,447)

$

(592,315)

Class K-I Common Stock dividends declared and accumulated

994,071

968,225

Net income

$

384,624

$

375,910

Net income per common share, basic and diluted

$

0.27

$

0.27

Weighted average number of common shares outstanding, basic and diluted

1,420,109

1,383,153

Class K-T Common Stock:

Undistributed net loss

$

—

$

(536)

Class K-T Common Stock dividends declared and accumulated

—

875

Net income

$

—

$

339

Net income per common share, basic and diluted

$

—

$

0.27

Weighted average number of common shares outstanding, basic and diluted

—

1,251

Class A Common Stock:

Undistributed net loss

$

(249,515)

$

(248,980)

Class A Common Stock dividends declared and accumulated

406,987

Net income

$

157,472

$

158,007

Net income per common share, basic and diluted

$

0.27

$

0.27

Weighted average number of common shares outstanding, basic and diluted

581,410

Class B Common Stock:

Undistributed net loss

$

(53,645)

$

(53,529)

Net loss per common share, basic and diluted

$

(0.43)

$

(0.43)

Weighted average number of common shares outstanding, basic and diluted

125,000