v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Measurements  
Summary of assets and liabilities measured at fair value on a recurring basis

Fair Value Measurements

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

(In thousands)

December 31, 2025

 

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

6,969

$

6,969

Classified as liabilities in "Other liabilities, net"

6,352

 

6,352

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

6,125

 

 

6,125

 

Classified as liabilities in "Other liabilities, net"

 

5,998

 

 

5,998

 

December 31, 2024

 

  ​

 

  ​

 

  ​

 

  ​

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

23,367

$

23,367

Classified as liabilities in "Other liabilities, net"

90

 

90

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

2,315

 

 

2,315

 

Classified as liabilities in "Other liabilities, net"

 

2,305

 

 

2,305

 

Schedule of financial instruments and liabilities reflected in balance sheets

December 31, 2025

December 31, 2024

  ​ ​ ​

Carrying

  ​ ​ ​

  ​ ​ ​

Carrying

  ​ ​ ​

Amount (1)

Fair Value

Amount (1)

Fair Value

 

(In thousands)

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage loans

$

1,621,589

$

1,615,279

$

1,783,733

$

1,749,904

Revolving credit facility

 

205,000

 

204,344

 

85,000

 

84,886

Term loans

 

720,000

 

717,455

 

720,000

 

715,929

(1)The carrying amount consists of principal only.