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UNSECURED SENIOR NOTES (Tables) | 9 Months Ended
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Sep. 30, 2024
Senior Notes |
Summary of debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | December 31, |  | Effective | ​ | Issuance | ​ | Maturity
Unsecured Senior Notes |  | 2024 |  | 2023 |  | Interest Rate | ​ | Date | ​ | Date
​ | ​ | (in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​
$300M 4.000% Guaranteed Notes due 2025 (1) | ​ | $ | 300,000 | ​ | $ | 300,000 |  | 3.99 | % | ​ | Various (1) | ​ | Nov-25
$300M 3.125% Guaranteed Notes due 2026 | ​ | ​ | 300,000 | ​ | ​ | 300,000 | ​ | 3.18 | % | ​ | Aug-16 | ​ | Sep-26
$550M 2.250% Guaranteed Notes due 2028 | ​ | ​ | 550,000 | ​ | ​ | 550,000 | ​ | 2.33 | % | ​ | Nov-21 | ​ | Dec-28
$350M 4.375% Guaranteed Notes due 2029 | ​ | ​ | 350,000 | ​ | ​ | 350,000 | ​ | 4.46 | % | ​ | Jan-19 | ​ | Feb-29
$350M 3.000% Guaranteed Notes due 2030 | ​ | ​ | 350,000 | ​ | ​ | 350,000 | ​ | 3.04 | % | ​ | Oct-19 | ​ | Feb-30
$450M 2.000% Guaranteed Notes due 2031 | ​ | ​ | 450,000 | ​ | ​ | 450,000 | ​ | 2.10 | % | ​ | Oct-20 | ​ | Feb-31
$500M 2.500% Guaranteed Notes due 2032 | ​ | ​ | 500,000 | ​ | ​ | 500,000 | ​ | 2.59 | % | ​ | Nov-21 | ​ | Feb-32
Principal balance outstanding | ​ | ​ | 2,800,000 | ​ | ​ | 2,800,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: Discount on issuance of unsecured senior notes, net | ​ | ​ | (8,908) | ​ | ​ | (10,148) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: Loan procurement costs, net | ​ | ​ | (11,496) | ​ | ​ | (13,362) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total unsecured senior notes, net | ​ | $ | 2,779,596 | ​ | $ | 2,776,490 | ​ | ​ | ​ | ​ | ​ | ​ | ​
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| (1) | On April 4, 2017, the Operating Partnership issued $50.0 million of its 4.000% senior notes due 2025, which are part of the same series as the $250.0 million principal amount of the Operating Partnership’s 4.000% senior notes due November 15, 2025 issued on October 26, 2015. The $50.0 million and $250.0 million tranches were priced at 101.343% and 99.735%, respectively, of the principal amount to yield 3.811% and 4.032%, respectively, to maturity. The combined weighted average effective interest rate of the 2025 notes is 3.994%.
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- 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
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