Notes and Bonds Payable (Tables)

9 Months Ended

Sep. 30, 2025

The table below details the Company’s notes and bonds payable as of September 30, 2025 and December 31, 2024.


	MATURITY DATE 1	BALANCE AS OF 2				EFFECTIVE INTEREST RATE as of 9/30/2025
Dollars in thousands		9/30/2025		12/31/2024
$1.5 billion Unsecured Credit Facility 3	7/29	$	149,000	$	—	5.00	%


$200 million Unsecured Term Loan 4	1/26	151,315		199,896		5.32	%
$300 million Unsecured Term Loan 5	1/26	268,651		299,981		5.32	%
$150 million Unsecured Term Loan	6/26	121,420		149,790		5.32	%
$200 million Unsecured Term Loan	7/27	199,576		199,641		5.22	%
$300 million Unsecured Term Loan	1/28	298,941		298,708		5.22	%
Senior Notes due 2025 6	5/25	—		249,868		4.12	%
Senior Notes due 2026	8/26	592,937		586,824		4.94	%
Senior Notes due 2027	7/27	491,525		488,104		4.76	%
Senior Notes due 2028	1/28	298,494		298,029		3.85	%
Senior Notes due 2030	2/30	594,343		586,028		5.30	%
Senior Notes due 2030	3/30	297,504		297,190		2.72	%
Senior Notes due 2031	3/31	296,734		296,343		2.25	%
Senior Notes due 2031	3/31	681,124		667,233		5.13	%
Mortgage notes payable	12/25-12/26	44,142		45,136		3.57% - 6.88%
		$	4,485,706	$	4,662,771

1Maturity date does not include extension options.

2Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable.

3As of September 30, 2025, the Company had $1.4 billion available to be drawn on its $1.5 billion Unsecured Credit Facility.

4On October 7, 2025, the Company repaid the remaining principal in full.

5On September 26, 2025, the Company exercised an option to extend the maturity date to January 2026 for a fee of approximately $0.1 million.

6In May 2025, the Company repaid its Senior Notes due 2025 at maturity including $250 million of principal and $4.8 million of accrued interest.