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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)

3 Months Ended

Mar. 31, 2023

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At March 31, 2023, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:


(In thousands)	Principal Payments
April 1 through December 31, 2023	$	24,931
2024	83,966
2025	246,086		(a)
2026	162,468
2027	123,792		(b)
2028	41,863
Thereafter	583,457
Principal amount	1,266,563
Unamortized deferred debt costs	15,615
Net	$	1,250,948

(a) Includes $194.0 million outstanding under the Credit Facility.

(b) Includes $100.0 million outstanding under the Credit Facility.

Interest Expense and Amortization of Deferred Debt Costs

Interest expense, net and amortization of deferred debt costs for the three months ended March 31, 2023 and 2022, were as follows:


	Three Months Ended March 31,
(In thousands)	2023		2022
Interest incurred	$	15,513	$	12,313
Amortization of deferred debt costs	559		477
Capitalized interest	(4,142)		(2,187)
Interest expense	11,930		10,603
Less: Interest income	109		1
Interest expense, net and amortization of deferred debt costs	$	11,821	$	10,602