Debt (Tables)

6 Months Ended

Jun. 30, 2025

Long-term debt consists of the following.


(in thousands)	June 30, 2025		December 31, 2024
Fixed rate mortgage notes payable due 2026 through 2047; weighted average interest rate of 4.74% and 4.65% as of June 30, 2025 and December 31, 2024, respectively	$	2,713,084	$	2,599,028
Variable rate mortgage notes payable due 2026 through 2030; weighted average interest rate of 6.77% and 6.89% as of June 30, 2025 and December 31, 2024, respectively	1,216,769		1,110,642
Convertible notes payable due October 2026; interest rate of 2.00% as of both June 30, 2025 and December 31, 2024	23,297		23,297
Convertible notes payable due October 2029; interest rate of 3.50% as of both June 30, 2025 and December 31, 2024	369,445		369,445
Tangible equity units senior amortizing notes due 2025; interest rate of 10.25% as of both June 30, 2025 and December 31, 2024	1,530		9,449
Notes payable for insurance premium financing due 2025; interest rate of 6.16% as of June 30, 2025	13,704		—
Deferred financing costs, net	(46,353)		(49,074)
Total long-term debt	4,291,476		4,062,787
Current portion	59,238		40,779
Total long-term debt, less current portion	$	4,232,238	$	4,022,008

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details