v3.24.3
Unsecured Credit Agreements - Summary of Unsecured Credit Agreements (Detail)
$ in Thousands, $ in Millions
 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2024
CAD ($)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]      
Total unsecured debt $ 1,952,974   $ 1,919,607
Long-term Debt 1,952,974    
Unsecured Debt      
Debt Instrument [Line Items]      
Long-term Debt 1,868,244   1,831,690
Unsecured Debt | SOFR      
Debt Instrument [Line Items]      
Long-term Debt   $ 51.5  
Unsecured Debt | Term Loan [Member]      
Debt Instrument [Line Items]      
Total unsecured debt 900,000   900,000
Debt issuance costs, net (3,113)   (4,053)
Long-term Debt 896,887   895,947
Unsecured Debt | Senior Notes [Member]      
Debt Instrument [Line Items]      
Total unsecured debt 850,000   850,000
Unamortized debt issuance costs and original issuance discount, net (4,125)   (4,691)
Long-term Debt $ 845,875   845,309
Unsecured Debt | Unsecured Revolving Credit Facility      
Debt Instrument [Line Items]      
Interest Rate Applicable reference rate + 0.85% (a)    
Maturity Date [1] 2026-03    
Basis spread on variable rate [2] 0.85%    
Total unsecured debt $ 125,482   90,434
Unsecured Debt | 2026 Unsecured Term Loan      
Debt Instrument [Line Items]      
Interest Rate one-month adjusted SOFR + 1.00% (b)    
Maturity Date 2026-02    
Total unsecured debt $ 400,000   400,000
Unsecured Debt | 2026 Unsecured Term Loan | SOFR      
Debt Instrument [Line Items]      
Basis spread on variable rate [3] 1.00%    
Unsecured Debt | 2027 Unsecured Term Loan      
Debt Instrument [Line Items]      
Interest Rate daily simple adjusted SOFR + 0.95% (c)    
Maturity Date 2027-08    
Total unsecured debt $ 200,000   200,000
Unsecured Debt | 2027 Unsecured Term Loan | SOFR      
Debt Instrument [Line Items]      
Basis spread on variable rate [4] 0.95%    
Unsecured Debt | 2029 Unsecured Term Loan      
Debt Instrument [Line Items]      
Interest Rate daily simple adjusted SOFR + 1.25% (c)    
Maturity Date 2029-08    
Total unsecured debt $ 300,000   300,000
Unsecured Debt | 2029 Unsecured Term Loan | SOFR      
Debt Instrument [Line Items]      
Basis spread on variable rate [4] 1.25%    
Unsecured Debt | 2027 Senior Unsecured Notes | Senior Guaranteed Notes Series A      
Debt Instrument [Line Items]      
Debt instrument, interest rate 4.84% 4.84%  
Maturity Date 2027-04    
Total unsecured debt $ 150,000   150,000
Unsecured Debt | 2028 Senior Unsecured Notes | Senior Guaranteed Notes Series B      
Debt Instrument [Line Items]      
Debt instrument, interest rate 5.09% 5.09%  
Maturity Date 2028-07    
Total unsecured debt $ 225,000   225,000
Unsecured Debt | 2030 Senior Unsecured Notes | Senior Guaranteed Notes Series C      
Debt Instrument [Line Items]      
Debt instrument, interest rate 5.19% 5.19%  
Maturity Date 2030-07    
Total unsecured debt $ 100,000   100,000
Unsecured Debt | 2031 Senior Unsecured Public Notes | Senior Notes      
Debt Instrument [Line Items]      
Debt instrument, interest rate 2.60% 2.60%  
Maturity Date 2031-09    
Total unsecured debt $ 375,000   $ 375,000
[1] The Company’s unsecured revolving credit facility contains two six-month extension options subject to certain conditions, including the payment of an extension fee equal to 0.0625% of the revolving commitments.
[2] At September 30, 2024, a balance of $51.5 million was subject to daily simple SOFR, and at December 31, 2023 a balance of $15.0 million was subject to one-month SOFR. The remaining balance of $100.0 million Canadian Dollar (“CAD”) borrowings remeasured to $74.0 million United States Dollar (“USD”) and $75.4 million USD, at September 30, 2024 and December 31, 2023, respectively, and was subject to daily simple CORRA of 4.30% at September 30, 2024 and one-month CDOR, of 5.46% at December 31, 2023.
[3] At September 30, 2024 and December 31, 2023, one-month SOFR was 4.85% and 5.35%, respectively.
[4] At September 30, 2024, overnight SOFR was 4.96%. The applicable reference rate at December 31, 2023 was one-month SOFR, which was 5.35%.