XML 32 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Borrowings (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of March 31, 2020 (dollars in thousands):
|  | Balance |  |  | Weighted Average Effective Rate |  |  | Weighted Average Contract Maturity |
Unsecured debt |  |  |  |  |  |  |  |  |  |  |  |
Variable rate revolving credit facility |  | $ | 100,000 |  |  |  | 1.7 | % |  | 5/20/2023 |
Variable rate commercial paper program |  |  | — |  |  |  | — |  |  |  | — |
Fixed rate senior notes |  |  | 3,472,000 |  |  |  | 3.9 | % |  | 7/19/2026 |
Variable rate term loan |  |  | 300,000 |  |  |  | 2.5 | % |  | 3/1/2022 |
Debt issuance costs, discounts, premiums and fair market value adjustments |  |  | (12,960 | ) |  |  |  |  |  |  |  |
Total unsecured debt |  | $ | 3,859,040 |  |  |  | 3.7 | % |  |  |  |
Secured debt |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate property mortgages |  | $ | 628,077 |  |  |  | 4.5 | % |  | 4/17/2037 |
Debt issuance costs and fair market value adjustments |  |  | (3,424 | ) |  |  |  |  |  |  |  |
Total secured debt |  | $ | 624,653 |  |  |  | 4.5 | % |  |  |  |
Total outstanding debt |  | $ | 4,483,693 |  |  |  | 3.8 | % |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration