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Notes Payable (Tables)

9 Months Ended

Sep. 30, 2022

Notes Payable [Abstract]

Notes Payable

Our notes payable at September 30, 2022 and December 31, 2021 are set forth in the tables below:

															Amounts at September 30, 2022
			Coupon Rate						Effective Rate						Principal						Unamortized Costs						Book  Value						Fair  Value
															($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due April 23, 2024			SOFR+0.47%						1.766%						$	700,000					$	(1,101)					$	698,899					$	685,550
Notes due February 15, 2026			0.875%						1.030%						500,000						(2,507)						497,493						436,666
Notes due November 9, 2026			1.500%						1.640%						650,000						(3,574)						646,426						573,097
Notes due September 15, 2027			3.094%						3.218%						500,000						(2,624)						497,376						459,630
Notes due May 1, 2028			1.850%						1.962%						650,000						(3,768)						646,232						543,338
Notes due November 9, 2028			1.950%						2.044%						550,000						(2,939)						547,061						459,260
Notes due May 1, 2029			3.385%						3.459%						500,000						(2,024)						497,976						450,179
Notes due May 1, 2031			2.300%						2.419%						650,000						(5,869)						644,131						517,641
Notes due November 9, 2031			2.250%						2.322%						550,000						(3,224)						546,776						430,706
															5,250,000						(27,630)						5,222,370						4,556,067
Euro Denominated Unsecured Debt
Notes due April 12, 2024			1.540%						1.540%						97,984						—						97,984						94,290
Notes due November 3, 2025			2.175%						2.175%						237,135						—						237,135						227,663
Notes due September 9, 2030			0.500%						0.640%						685,890						(8,890)						677,000						513,593
Notes due January 24, 2032			0.875%						0.978%						489,921						(4,992)						484,929						354,996
															1,510,930						(13,882)						1,497,048						1,190,542
Mortgage Debt, secured by 10 real estate facilities with a net book value of $57.5 million			3.811%						3.811%						21,033						—						21,033						20,703
															$	6,781,963					$	(41,512)					$	6,740,451					$	5,767,312

			Amounts at
			December 31, 2021
			Book Value						Fair Value
			($ amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due September 15, 2022			$	499,637					$	506,362
Notes due April 23, 2024			698,372						700,314
Notes due February 15, 2026			496,939						488,141
Notes due November 9, 2026			645,773						649,996
Notes due September 15, 2027			496,980						535,206
Notes due May 1, 2028			645,724						649,221
Notes due November 9, 2028			546,701						548,241
Notes due May 1, 2029			497,743						545,580
Notes due May 1, 2031			643,617						656,546
Notes due November 9, 2031			546,512						551,932
			5,717,998						5,831,539
Euro Denominated Unsecured Debt
Notes due April 12, 2024			113,431						117,526
Notes due November 3, 2025			274,518						295,256
Notes due September 9, 2030			784,287						769,561
Notes due January 24, 2032			561,761						551,842
			1,733,997						1,734,185
Mortgage Debt			23,284						24,208
			$	7,475,279					$	7,589,932

Maturities Of Notes Payable

At September 30, 2022, approximate principal maturities of our Notes Payable are as follows (amounts in thousands):

			Unsecured Debt						Mortgage Debt						Total
Remainder of 2022			$	—					$	212					$	212
2023			—						19,219						19,219
2024			797,984						124						798,108
2025			237,135						131						237,266
2026			1,150,000						138						1,150,138
Thereafter			4,575,811						1,209						4,577,020
			$	6,760,930					$	21,033					$	6,781,963
Weighted average effective rate			1.9%						3.8%						1.9%

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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.

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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 https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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