v3.25.4
Note 5 - Indebtedness (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]

Consolidated Debt:

 

Outstanding Principal

  

Unamortized Debt Issuance Costs

  

Unamortized Loan (Discount)/Premiums

  

Carrying Amount

 

Type

 

Weighted Average Contractual Rate (2)

  

Weighted Average Effective Rate (3)

  

Weighted Average Maturity (in years)

 

Unsecured revolver (1)

 $198,892  $(4,535) $  $194,357 

Floating

  4.5%  4.8%  3.0 

Unsecured term loans

  600,000   (1,142)     598,858 

Floating

  4.6%  4.0%  1.5 

Secured credit facilities

  582,535   (1,525)  12,157   593,167 

Fixed

  4.2%  4.4%  2.9 

Mortgages

  739,596   (2,741)  9,693   746,548 

Fixed

  3.9%  4.0%  3.3 

Unsecured notes

  150,000   (1,455)     148,545 

Fixed

  5.4%  5.6%  7.3 

Total Consolidated Debt

 $2,271,023  $(11,398) $21,850  $2,281,475    4.3%  4.3%  3.0 
      

Unamortized

  

Unamortized

       

Weighted

  

Weighted

  

Weighted

 
      

Debt

  

Loan

       

Average

  

Average

  

Average

 
  

Outstanding

  

Issuance

  

(Discount)

  

Carrying

   

Contractual

  

Effective

  

Maturity

 

Debt:

 

Principal

  

Costs

  

/Premiums

  

Amount

 

Type

 

Rate (3)

  

Rate (4)

  

(in years)

 

Unsecured revolver (1)

 $194,478  $(526)    $193,952 

Floating

  5.5%  4.8%  4.0 

Unsecured term loans

  600,000   (1,831)     598,169 

Floating

  5.6%  4.0%  2.5 

Secured credit facilities

  585,635   (1,901)  17,034   600,768 

Fixed

  4.2%  4.4%  3.9 

Mortgages (2)

  780,794   (3,175)  14,687   792,306 

Fixed

  3.8%  4.0%  3.7 

Unsecured notes

  150,000   (1,512)     148,488 

Fixed

  5.4%  5.6%  8.3 

Total Debt

 $2,310,907  $(8,945) $31,721  $2,333,683    4.6%  4.3%  3.8 
Schedule of Maturities of Long-Term Debt [Table Text Block]
  

Original maturities on or before December 31,

 

Debt:

 

2026

  

2027

  

2028

  

2029

  

2030

  

Thereafter

 

Unsecured revolver (1)

 $  $  $  $198,892  $  $ 

Unsecured term loans

  200,000      400,000          

Secured credit facilities

  9,111   10,081   453,936   2,670   106,737    

Mortgages

  126,763   11,281   126,019   416,031      59,502 

Unsecured notes

                 150,000 

Total

 $335,874  $21,362  $979,955  $617,593  $106,737  $209,502 
Schedule of Participating Mortgage Loans [Table Text Block]
      

Weighted Average

 
  

Amount

  

Interest Rate

 

Mortgage payoffs in 2024

 $303,464   3.83%

Mortgage payoffs in 2025

  88,303   4.46%
  $391,767   3.97%