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Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of the Company's Deferred Compensation Plan Assets

The following table sets forth the fair value of our Deferred Compensation Plan assets as of December 31, 2024 and 2023:

			Fair Value (Level 1) (1)
			2024						2023
Description			(in thousands)
Deferred Compensation Plan assets (2)			$	27,965					$	28,089

____________________

(1)Based on quoted prices in active markets for identical securities.

(2)The Deferred Compensation Plan assets are held in a limited rabbi trust.

Schedule of Carrying Value and Fair Value of Other Financial Instruments

The following table sets forth the carrying value and the fair value of our other financial instruments as of December 31, 2024 and 2023: 

			December 31,
			2024												2023
			Carrying Value						Fair Value (1)						Carrying Value						Fair Value (1)
			(in thousands)
Assets
Certificates of deposit (2)			$	—					$	—					$	256,581					$	256,581
Liabilities
Secured debt, net			$	598,199					$	569,061					$	603,225					$	585,826
Unsecured debt, net			3,999,566						3,681,914						4,325,153						3,927,104

_______________

(1)Fair value calculated using Level 2 inputs, which are based on model-derived valuations in which significant inputs and significant value drivers are observable in active markets.

(2)The carrying value of the certificates of deposit approximated their fair values due to their short-term maturities. See Note 5 “Marketable Securities” for additional information.

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ References

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

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