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v3.25.2

Notes Payable - Narrative (Details) - Notes Payable to Banks - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Debt |  |  |  |
Weighted average interest rate (as a percent) | 3.90% |  | 3.90% |
Weighted average remaining years until maturity (in years) |  |  | 6 years 4 months 24 days |
Interest incurred on notes and bonds | $ 229.4 | $ 206.1 | $ 449.3 | $ 406.6
3.875% Notes due 2025 |  |  |  |
Debt |  |  |  |
Repayments of long-term debt |  |  | $ 500.0 |
Stated interest rate (as a percent) | 3.875% |  | 3.875% |
Maximum |  |  |  |
Debt |  |  |  |
Debt to total adjusted assets ratio (as a percent) |  |  | 60.00% |
Secured debt to total adjusted assets ratio (as a percent) |  |  | 40.00% |
Minimum |  |  |  |
Debt |  |  |  |
Debt service coverage ratio |  |  | 1.5 |
Total unencumbered assets as a percentage of outstanding unsecured debt (as a percent) |  |  | 150.00% |

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