XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.2
Indebtedness (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary Information Concerning Indebtedness
The following tables contain summary information concerning our indebtedness as of June 30, 2022:
Debt:Outstanding PrincipalUnamortized Debt Issuance CostsUnamortized Loan (Discount)/PremiumsCarrying
 Amount
TypeWeighted
Average Rate
Weighted
Average
Maturity
(in years)
Unsecured revolver(1)
$132,003 $(2,597)$— $129,406 Floating2.8%3.6
Unsecured term loans500,000 (1,745)— 498,255 Floating2.7%2.7
Secured credit facilities635,128 (2,478)30,018 662,668 Floating/Fixed4.1%6.4
Mortgages(2)
1,234,932 (8,398)36,073 1,262,607 Fixed3.9%5.7
Total Debt$2,502,063 $(15,218)$66,091 $2,552,936 3.6%5.2
(1)
The unsecured revolver's maximum borrowing capacity is $500,000, of which $132,003 was outstanding as of June 30, 2022.
(2)Includes indebtedness associated with real estate held for sale.
The following table contains summary information concerning our indebtedness as of December 31, 2021:
Debt:Outstanding PrincipalUnamortized Debt Issuance CostsUnamortized Loan (Discount)/PremiumsCarrying AmountTypeWeighted
Average Rate
Weighted
Average
Maturity
(in years)
Unsecured revolver(1)
$277,003 $(2,894)$— $274,109 Floating1.5%4.1
Unsecured term loans500,000 (2,049)— 497,951 Floating1.4%3.2
Secured credit facilities635,128 (2,840)32,330 664,618 Floating/Fixed4.0%6.9
Mortgages 1,238,612 (9,210)39,256 1,268,658 Fixed3.9%6.2
Total Debt$2,650,743 $(16,993)$71,586 $2,705,336 3.2%5.6
(1)
The unsecured revolver's maximum borrowing capacity was $500,000, of which $277,003 was outstanding as of December 31, 2021.
Schedule of Maturities of Long-term Debt
The following table contains summary information concerning our indebtedness as of June 30, 2022:
 
Scheduled maturities on our indebtedness outstanding as of June 30, 2022
Debt:20222023202420252026Thereafter
Unsecured revolver$— $— $— $— $132,003 $— 
Unsecured term loans— — 300,000 — 200,000 — 
Secured credit facilities— — — 3,525 10,493 621,110 
Mortgages(1)
6,754 10,998 107,621 168,554 131,166 809,839 
Total$6,754 $10,998 $407,621 $172,079 $473,662 $1,430,949 
(1)Includes indebtedness associated with real estate held for sale.