Debt of the Operating Partnership

Schedule of Debt In Functional Currencies

Included in the outstanding balances were borrowings denominated in the following currencies (in thousands, U.S. dollars):


	September 30, 2025				December 31, 2024
	Amount				Amount
Denomination of Draw	Outstanding		% of Total		Outstanding		% of Total
U.S. dollar ($)	$	2,921,597	15.9	%	$	2,852,102	16.9	%
British pound sterling (£)		1,210,140	6.6	%		1,627,080	9.7	%
Euro (€)		12,018,782	65.4	%		10,327,404	61.3	%
Other		2,219,565	12.1	%		2,040,289	12.1	%
Total	$	18,370,084			$	16,846,875

Schedule of Unsecured Senior Notes

The following table provides details of our unsecured senior notes (balances in thousands):


	Aggregate Principal Amount at Issuance					Balance as of
	Borrowing Currency		USD		Maturity Date	September 30, 2025		December 31, 2024
4.250% notes due 2025 ⁽¹⁾	£	400,000	$	634,480	Jan 17, 2025	$	—		500,640
0.625% notes due 2025⁽²⁾	€	650,000	$	720,980	Jul 15, 2025		—		673,010
2.500% notes due 2026	€	1,075,000	$	1,224,640	Jan 16, 2026		1,261,405		1,113,055
0.200% notes due 2026	CHF	275,000	$	298,404	Dec 15, 2026		345,305		302,987
1.700% notes due 2027	CHF	150,000	$	162,465	Mar 30, 2027		188,348		165,265
3.700% notes due 2027 ⁽³⁾	$	1,000,000	$	1,000,000	Aug 15, 2027		1,000,000		1,000,000
5.550% notes due 2028 ⁽³⁾	$	900,000	$	900,000	Jan 15, 2028		900,000		900,000
1.125% notes due 2028	€	500,000	$	548,550	Apr 09, 2028		586,700		517,700
4.450% notes due 2028	$	650,000	$	650,000	Jul 15, 2028		650,000		650,000
0.550% notes due 2029	CHF	270,000	$	292,478	Apr 16, 2029		339,027		297,478
3.600% notes due 2029	$	900,000	$	900,000	Jul 01, 2029		900,000		900,000
3.300% notes due 2029	£	350,000	$	454,895	Jul 19, 2029		470,610		438,060
1.875% Exchangeable Notes due 2029⁽³⁾	$	1,150,000	$	1,150,000	Nov 15, 2029		1,150,000		1,150,000
1.500% notes due 2030	€	750,000	$	831,900	Mar 15, 2030		880,050		776,550
3.750% notes due 2030	£	550,000	$	719,825	Oct 17, 2030		739,530		688,380
1.250% notes due 2031	€	500,000	$	560,950	Feb 01, 2031		586,700		517,700
0.625% notes due 2031	€	1,000,000	$	1,220,700	Jul 15, 2031		1,173,400		1,035,400
1.000% notes due 2032	€	750,000	$	874,500	Jan 15, 2032		880,050		776,550
1.375% notes due 2032	€	750,000	$	849,375	Jul 18, 2032		880,050		776,550
3.875% notes due 2033	€	850,000	$	941,375	Sep 13, 2033		997,390		880,090
3.875% notes due 2034	€	850,000	$	991,015	Jul 15, 2034		997,390		—
3.875% notes due 2035	€	850,000	$	876,180	Mar 15, 2035		997,390		—
						$	15,923,345	$	14,059,415
Unamortized discounts, net of premiums							(41,302)		(27,476)
Deferred financing costs, net							(73,478)		(69,087)
Total unsecured senior notes, net of discount and deferred financing costs						$	15,808,565	$	13,962,852

(1)	Paid at maturity on January 17, 2025.

(2)	Paid at maturity on July 15, 2025.

(3)	Subject to cross-currency swaps.