Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
−Removed: The following table summarizes the Company’s repurchases of its outstanding Class A common shares during the three months ended March 31, 2026 (amounts in thousands, except share and per share data):
+Added: The following table summarizes the Company’s repurchases of its outstanding Class A common shares during the three months ended June 30, 2026 (amounts in thousands, except share and per share data):
Period Total Number of
4 unchanged sentences
the Plans or Programs
−Removed: January 1, 2026 to January 31, 2026 3,653,721 $ 31.49 3,653,721 $ —
−Removed: February 1, 2026 to February 28, 2026 — — — 500,000
−Removed: March 1, 2026 to March 31, 2026 — — — 500,000
+Added: April 1, 2026 to April 30, 2026 3,200,713 $ 29.37 3,200,713 $ 406,008
+Added: May 1, 2026 to May 31, 2026 913,863 31.69 913,863 377,047
+Added: June 1, 2026 to June 30, 2026 — — — 377,047
Total 4,114,576 $ 29.88 4,114,576 $ 377,047
−Removed: (1) In February 2018, the Company’s board of trustees authorized the establishment of a share repurchase program for the repurchase of up to $300.0 million of outstanding Class A common shares and up to $250.0 million of outstanding preferred shares from time to time in the open market or in privately negotiated transactions.
−Removed: As of the end of January 2026, there was no capacity remaining under the 2018 program.
(1) In February 2026, the Company’s board of trustees authorized the establishment of a new share repurchase program for the repurchase of up to $500.0 million of outstanding Class A common shares and up to $250.0 million of outstanding preferred shares from time to time in the open market or in privately negotiated transactions.
2 unchanged sentences
The Operating Partnership funds the repurchases and constructively retires an equivalent number of corresponding Class A units.
−Removed: In April 2026, the Company repurchased and retired 3.2 million of its outstanding Class A common shares on a settlement date basis pursuant to the new share repurchase program at a weighted-average price of $29.37 per share and a total price of $94.0 million, leaving $406.0 million of remaining authorization.
Defaults Upon Senior Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.