Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
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
Shares Purchased Average Price
Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Approximate Dollar Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
April 1, 2026 to April 30, 2026 3,200,713 $ 29.37 3,200,713 $ 406,008
May 1, 2026 to May 31, 2026 913,863 31.69 913,863 377,047
June 1, 2026 to June 30, 2026 — — — 377,047
Total 4,114,576 $ 29.88 4,114,576 $ 377,047
(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. The new share repurchase program does not have an expiration date, but may be suspended or discontinued at any time without notice. All repurchased shares are constructively retired and returned to an authorized and unissued status. The Operating Partnership funds the repurchases and constructively retires an equivalent number of corresponding Class A units.
Item 3. Defaults Upon Senior Securities
None.
48
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.