Earnings Per Unit (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per unit are as follows (in thousands, except per unit data):

	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Earnings per unit
Numerator:
Basic and dilutive net income (loss) attributable to the AIR Operating Partnership’s common unitholders	$	(63,202)	$	(172,999)	$	23,163	$	(364,621)
Denominator – units:
Basic weighted-average common units outstanding	151,075		153,800		151,840		154,138
Dilutive common unit equivalents outstanding	—		—		275		—
Dilutive weighted-average common units outstanding	151,075		153,800		152,115		154,138
Earnings per unit – basic and diluted	$	(0.42)	$	(1.12)	$	0.15	$	(2.37)