XML 107 R96.htm IDEA: XBRL DOCUMENT v3.25.3
DERIVATIVES AND HEDGING (Narrative) (Details)
$ in Thousands, £ in Millions
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
contract
Jun. 20, 2025
USD ($)
May 30, 2023
USD ($)
contract
Mar. 27, 2020
USD ($)
contract
Apr. 30, 2025
USD ($)
May 31, 2023
USD ($)
Mar. 31, 2021
USD ($)
Oct. 31, 2020
USD ($)
Sep. 30, 2025
USD ($)
contract
Jun. 30, 2025
USD ($)
contract
Sep. 30, 2024
USD ($)
Mar. 31, 2021
USD ($)
Sep. 30, 2025
USD ($)
contract
Sep. 30, 2024
USD ($)
Sep. 30, 2025
GBP (£)
contract
Apr. 30, 2025
GBP (£)
Dec. 31, 2024
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Unrealized gain (loss)                 $ (2,155)   $ (13,464)   $ (9,476) $ (6,310)      
Payments for (proceeds from) derivative instruments                         (4,675) $ (8,429)      
Real Estate Assets Acquired                         637,900        
Derivative gain, not designated as hedging instrument         $ 5,200                        
Other assets $ 250,551               250,551       250,551       $ 189,476
Accrued expenses and other liabilities $ (357,390)               $ (357,390)       $ (357,390)       (328,193)
United Kingdom and Bailiwick of Jersey                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Real Estate Assets Acquired         $ 344,200         $ 344,200              
Minimum [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Basis spread on variable rate 0.80%                                
Omega OP Term Loan Facility | Unsecured Debt [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Term loans - net                                 $ 50,000
Maturity                         2025        
3.38% notes due 2031                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Interest rate 3.38%               3.38%       3.38%   3.38%   3.38%
3.38% notes due 2031 | Senior Notes [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Debt instrument, face amount               $ 700,000                  
Maturity                         2031        
Long-term Debt, Gross $ 700,000               $ 700,000       $ 700,000       $ 700,000
Interest rate 3.38%             3.375% 3.38%       3.38%   3.38%    
3.25% notes due 2033                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Interest rate 3.25%               3.25%       3.25%   3.25%   3.25%
3.25% notes due 2033 | Senior Notes [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Debt instrument, face amount             $ 700,000         $ 700,000          
Maturity                         2033        
Long-term Debt, Gross $ 700,000               $ 700,000       $ 700,000       $ 700,000
Interest rate 3.25%           3.25%   3.25%     3.25% 3.25%   3.25%    
5.20% notes due 2030                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Interest rate 5.20%               5.20%       5.20%   5.20%    
5.20% notes due 2030 | Senior Notes [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Maturity date   Jul. 01, 2030                              
Debt instrument, face amount   $ 600,000                              
Maturity                         2030        
Long-term Debt, Gross $ 600,000               $ 600,000       $ 600,000        
Interest rate 5.20% 5.20%             5.20%       5.20%   5.20%    
Interest Rate Swap                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, Notional Amount Terminated                   $ 50,000              
Derivative, Number of Instruments Terminated | contract                   1              
Payments for (proceeds from) derivative instruments                   $ 500              
Interest Rate Swap | Cash Flow Hedging [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, notional amount $ 428,500               $ 428,500       $ 428,500        
Number of Instruments Held, derivative | contract 11               11       11   11    
Interest Rate Swap | Cash Flow Hedging [Member] | Forward Starting Swaps [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, notional amount       $ 400,000                          
Derivative, effective date       Aug. 01, 2023                          
Derivative, inception Date       Mar. 27, 2020                          
Derivative, maturity Date       Aug. 01, 2033                          
Derivative forecasted issuance period on long term debt       5 years                          
Derivative, fixed interest rate       0.8675%                          
Derivative, maximum period       46 months                          
Number of Instruments Held, derivative | contract       5                          
Derivative, Number of Instruments Terminated | contract     5                            
Unrealized gain (loss)             $ 31,700 $ 9,500       $ 41,200          
Proceeds from hedge, financing activities           $ 92,600                      
Gains expected to be recognized next qualifying debt issuance     $ 51,400                 $ 51,400          
Interest Rate Cap [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, notional amount | £                             £ 190.0    
Number of Instruments Held, derivative | contract 4               4       4   4    
Foreign Exchange Forward [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, notional amount | £                             £ 108.0 £ 90.0  
Derivative, forward exchange rate                               1.2733  
Number of foreign currency forwards entered into | contract                 6                
Foreign Exchange Forward [Member] | Minimum [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, maturity Date                 Oct. 02, 2025                
Foreign Exchange Forward [Member] | Maximum [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, maturity Date                 Jan. 05, 2027                
Foreign Exchange Forward [Member] | Weighted Average [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, forward exchange rate 1.36               1.36       1.36   1.36    
Foreign Exchange Forward [Member] | Net Investment Hedging [Member]                                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                                  
Derivative, notional amount | £                             £ 258.0    
Derivative, forward exchange rate 1.2899               1.2899       1.2899   1.2899    
Number of foreign currency derivatives held | contract 11               11       11   11