Annual report [Section 13 and 15(d), not S-K Item 405]

REDEEMABLE NONCONTROLLING INTERESTS (Tables)

v3.25.4
REDEEMABLE NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2025
Temporary Equity Disclosure [Abstract]  
Schedule of Preferred Units The key terms of the Preferred Units are
summarized as follows:
Series A-1 Preferred Units
Issuance date February and April, 2017
Number of units issued  9,213
Stated value per unit $1,000
Annual dividend rate paid quarterly (a)
Conversion rate 27.936
Conversion value per unit $35.80
Maximum common unit conversion  257,375
(a)Series A-1 Preferred Units pay dividends quarterly at an annual rate equal to the greater of (x) 3.50 percent, or (y) the then-effective annual dividend yield on the General Partner’s common stock.
Schedule of Changes in the Value of the Redeemable Noncontrolling Interests
The following tables set forth the changes in Redeemable noncontrolling interests within the mezzanine equity section for the years ended December 31, 2025 and 2024 (dollars in thousands):
Series A-1 Preferred
Units
Balance at January 1, 2025 $ 9,294 
Income Attributed to Noncontrolling Interests 324 
Distributions (324)
Balance at December 31, 2025 $ 9,294 
Series A and
A-1 Preferred
Units
Balance at January 1, 2024 $ 24,999 
Redeemable Noncontrolling Interests Redemption (15,700)
Income Attributed to Noncontrolling Interests 539 
Distributions (544)
Balance at December 31, 2024 $ 9,294