XML 44 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Notes Payable (Summary Of Indebtedness) (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jan. 04, 2024
Dec. 31, 2023
Unsecured notes payable $ 3,222,569   $ 3,385,309
Secured notes payable 330,241   330,127
Total notes payable (3) [1] 3,552,800   3,715,400
Commercial Banks [Member]      
Unsecured notes payable $ 40,000   339,900
Commercial Banks [Member] | 6.55% Term Loan, due 2024      
Debt Instrument, Maturity Date Sep. 30, 2024    
Notes payable, effective interest rate 6.55%    
Unsecured notes payable $ 40,000   39,900
Commercial Banks [Member] | 6.21% Term Loan, due 2024      
Debt Instrument, Maturity Date Aug. 30, 2024    
Notes payable, effective interest rate 6.21% 6.21%  
Unsecured notes payable $ 0   300,000
Commercial Banks [Member] | 6.13% Unsecured revolving credit facility      
Notes payable, effective interest rate 6.13%    
Senior Unsecured Notes [Member]      
Unsecured notes payable $ 3,182,600   3,045,400
Senior Unsecured Notes [Member] | 4.36% Notes Due 2024      
Debt Instrument, Maturity Date Jan. 15, 2024    
Notes payable, effective interest rate 4.36% 4.36%  
Unsecured notes payable $ 0   250,000
Senior Unsecured Notes [Member] | 3.68% Notes Due 2024      
Debt Instrument, Maturity Date Sep. 15, 2024    
Notes payable, effective interest rate 3.68%    
Unsecured notes payable $ 249,900   249,700
Senior Unsecured Notes [Member] | 6.76% Notes Due 2026      
Debt Instrument, Maturity Date Nov. 03, 2026    
Notes payable, effective interest rate 6.69%    
Unsecured notes payable [2] $ 499,700   508,600
Senior Unsecured Notes [Member] | 3.74% Notes Due 2028      
Debt Instrument, Maturity Date Oct. 15, 2028    
Notes payable, effective interest rate 3.74%    
Unsecured notes payable $ 398,900   398,700
Senior Unsecured Notes [Member] | 3.67% Notes Due 2029      
Debt Instrument, Maturity Date Jul. 01, 2029    
Notes payable, effective interest rate 3.67%    
Unsecured notes payable [3] $ 596,500   596,100
Senior Unsecured Notes [Member] | 2.91% Notes, due 2030      
Debt Instrument, Maturity Date May 15, 2030    
Notes payable, effective interest rate 2.91%    
Unsecured notes payable $ 745,700   745,400
Senior Unsecured Notes [Member] | 5.06% Notes Due 2034      
Debt Instrument, Maturity Date Jan. 15, 2034    
Notes payable, effective interest rate 5.06%    
Unsecured notes payable $ 395,000   0
Senior Unsecured Notes [Member] | 3.41% Notes Due 2049      
Debt Instrument, Maturity Date Nov. 01, 2049    
Notes payable, effective interest rate 3.41%    
Unsecured notes payable $ 296,900   296,900
Unsecured Debt      
Unsecured notes payable 3,222,600   3,385,300
Secured Debt      
Secured notes payable 330,200   330,100
Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028      
Secured notes payable $ 291,300   291,300
Secured Debt | 3.87% note, due 2028      
Debt Instrument, Maturity Date Jan. 01, 2028    
Notes payable, effective interest rate 3.87%    
Secured notes payable $ 38,900   $ 38,800
Minimum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028      
Debt Instrument, Maturity Date Oct. 01, 2026    
Notes payable, effective interest rate 3.78%    
Maximum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028      
Debt Instrument, Maturity Date Apr. 01, 2028    
Notes payable, effective interest rate 4.04%    
[1] Balances are decreased by unamortized debt discounts, debt issuance costs, and fair market value adjustments, net of $18.1 million and $5.5 million as of June 30, 2024 and December 31, 2023, respectively.
[2] Balances are increased by $2.2 million and $11.6 million for fair value adjustments due to changes in benchmark interest rates related to these notes as of June 30, 2024 and December 31, 2023, respectively. See Note 7, "Derivative Financial Instruments and Hedging Activities," for further discussion.
[3] The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%.