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Notes Payable (Tables)

12 Months Ended

Dec. 31, 2022

Notes Payable [Abstract]

Notes Payable

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

															Amounts at December 31, 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%						2.831%						$	700,000					$	(925)					$	699,075					$	691,309
Notes due February 15, 2026			0.875%						1.030%						500,000						(2,322)						497,678						441,849
Notes due November 9, 2026			1.500%						1.640%						650,000						(3,357)						646,643						578,899
Notes due September 15, 2027			3.094%						3.218%						500,000						(2,492)						497,508						466,029
Notes due May 1, 2028			1.850%						1.962%						650,000						(3,599)						646,401						558,197
Notes due November 9, 2028			1.950%						2.044%						550,000						(2,818)						547,182						468,509
Notes due May 1, 2029			3.385%						3.459%						500,000						(1,947)						498,053						456,855
Notes due May 1, 2031			2.300%						2.419%						650,000						(5,697)						644,303						530,390
Notes due November 9, 2031			2.250%						2.322%						550,000						(3,134)						546,866						443,514
															5,250,000						(26,291)						5,223,709						4,635,551
Euro Denominated Unsecured Debt
Notes due April 12, 2024			1.540%						1.540%						107,035						—						107,035						104,344
Notes due November 3, 2025			2.175%						2.175%						259,039						—						259,039						246,119
Notes due September 9, 2030			0.500%						0.640%						749,245						(8,611)						740,634						566,204
Notes due January 24, 2032			0.875%						0.978%						535,175						(4,858)						530,317						396,297
															1,650,494						(13,469)						1,637,025						1,312,964
Mortgage Debt, secured by 5 real estate facilities with a net book value of $17.0 million			3.410%						3.410%						10,092						—						10,092						9,568
															$	6,910,586					$	(39,760)					$	6,870,826					$	5,958,083

			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 December 31, 2022, approximate principal maturities of our Notes Payable are as follows (amounts in thousands):

			Unsecured Debt						Mortgage Debt						Total
2023			$	—					$	8,270					$	8,270
2024			807,035						124						807,159
2025			259,039						131						259,170
2026			1,150,000						138						1,150,138
2027			500,000						140						500,140
Thereafter			4,184,420						1,289						4,185,709
			$	6,900,494					$	10,092					$	6,910,586
Weighted average effective rate			2.0%						3.4%						2.0%

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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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