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Notes Payable (Tables)

9 Months Ended

Sep. 30, 2021

Notes Payable [Abstract]

Notes Payable

Our notes payable at September 30, 2021 and December 31, 2020 are set forth in the tables below:

															Amounts at September 30, 2021
			Coupon Rate						Effective Rate						Principal						Unamortized Costs						Book  Value						Fair  Value
															($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due September 15, 2022			2.370%						2.483%						$	500,000					$	(495)					$	499,505					$	509,800
Notes due April 23, 2024			SOFR+0.47%						0.596%						700,000						(1,804)						698,196						704,200
Notes due February 15, 2026			0.875%						1.030%						500,000						(3,246)						496,754						493,515
Notes due September 15, 2027			3.094%						3.218%						500,000						(3,152)						496,848						546,757
Notes due May 1, 2028			1.850%						1.962%						650,000						(4,446)						645,554						653,619
Notes due May 1, 2029			3.385%						3.459%						500,000						(2,334)						497,666						549,252
Notes due May 1, 2031			2.300%						2.419%						650,000						(6,554)						643,446						658,400
															4,000,000						(22,031)						3,977,969						4,115,543
Euro Denominated Unsecured Debt
Notes due April 12, 2024			1.540%						1.540%						115,896						—						115,896						120,868
Notes due November 3, 2025			2.175%						2.175%						280,484						—						280,484						303,644
Notes due September 9, 2030			0.500%						0.640%						811,272						(10,010)						801,262						795,777
Notes due January 24, 2032			0.875%						0.978%						579,480						(5,528)						573,952						581,103
															1,787,132						(15,538)						1,771,594						1,801,392
Mortgage Debt, secured by 27 real estate facilities with a net book value of $96.6 million			3.905%						3.903%						23,627						—						23,627						24,939
															$	5,810,759					$	(37,569)					$	5,773,190					$	5,941,874

			Amounts at
			December 31, 2020
			Book Value						Fair Value
			($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due September 15, 2022			$	499,109					$	517,419
Notes due September 15, 2027			496,452						560,833
Notes due May 1, 2029			497,433						574,833
			1,492,994						1,653,085
Euro Denominated Unsecured Debt
Notes due April 12, 2024			122,646						129,192
Notes due November 3, 2025			296,821						323,552
Notes due January 24, 2032			607,301						634,389
			1,026,768						1,087,133
Mortgage Debt			25,230						26,958
			$	2,544,992					$	2,767,176

Maturities Of Notes Payable

At September 30, 2021, approximate principal maturities of our Notes Payable are as follows (amounts in thousands):

			Unsecured Debt						Mortgage Debt						Total
Remainder of 2021			$	—					$	251					$	251
2022			500,000						2,574						502,574
2023			—						19,219						19,219
2024			815,896						124						816,020
2025			280,484						131						280,615
Thereafter			4,190,752						1,328						4,192,080
			$	5,787,132					$	23,627					$	5,810,759
Weighted average effective rate			1.8%						3.9%						1.8%

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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