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Fair Value Of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Summary of carrying amount and fair value of financial instruments | A summary of the carrying amount and fair value of our mortgages payable, notes payable and senior notes and debentures is as follows:
| March 31, 2026 |  | December 31, 2025
Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
(In thousands)
Mortgages and notes payable, net | $ | 1,884,354 |  |  | $ | 1,878,411 |  |  | $ | 1,579,090 |  |  | $ | 1,572,977 |
Senior notes and debentures, net | $ | 2,487,921 |  |  | $ | 2,311,623 |  |  | $ | 2,887,190 |  |  | $ | 2,743,096 |
Exchangeable senior notes, net | $ | 477,493 |  |  | $ | 497,966 |  |  | $ | 476,820 |  |  | $ | 492,912 |
Summary of outstanding interest rate swap agreements | The following table is a summary of our outstanding interest rate swap agreements as of March 31, 2026:
Interest Rate Swap |  |  |  | Notional Amount |  | Maturity Date of Related Swap Agreements |  | Weighted Average Interest Rate |  | Balance Sheet Location |  | Fair Value
|  |  |  | (in millions) |  |  |  |  |  |  |  | (in millions)
$750 million term loan |  |  |  | $ | 450.0 |  |  | March 1, 2028 |  | 4.17 | % |  | Prepaid expenses and other assets |  | $ | 2.1 |
Hoboken |  |  |  | 50.2 |  |  | December 15, 2029 |  | 3.67 | % |  | Prepaid expenses and other assets |  | 3.2 |
|  |  |  | $ | 500.2 |  |  |  |  |  |  |  |  | $ | 5.3 |
Summary of financial assets that are measured at fair value on a recurring basis | A summary of our net financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows:
| March 31, 2026 |  | December 31, 2025
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In thousands)
Interest rate swaps | $ | — |  |  | $ | 5,285 |  |  | $ | — |  |  | $ | 5,285 |  |  | $ | — |  |  | $ | 2,601 |  |  | $ | — |  |  | $ | 2,601 |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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