Subsequent Events

9 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On October 7, 2021, the Operating Partnership issued $450.0 million aggregate principal amount of green unsecured senior notes in a registered public offering. The unsecured senior notes, which are scheduled to mature on November 15, 2033, require semi-annual interest payments each May and November based on a stated annual interest rate of 2.650%. On October 25, 2021, the Company used a portion of the net proceeds from the issuance of the $450.0 million, 2.650% green unsecured senior notes to early redeem, at our option, the $300.0 million aggregate principal amount of our outstanding 3.800% unsecured senior notes that were scheduled to mature on January 15, 2023. In connection with the early redemption, we incurred a $12.4 million loss on early extinguishment of debt comprised of an $12.1 million premium paid to the note holders at the redemption date and a $0.3 million write-off of the unamortized discount and unamortized deferred financing costs.

On October 13, 2021, aggregate dividends, distributions and dividend equivalents of $61.8 million were paid to common stockholders, common unitholders and RSU holders of record on September 30, 2021.