XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Debt (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2022
USD ($)
extension
Mar. 31, 2022
CAD ($)
extension
Mar. 31, 2022
EUR (€)
extension
Mar. 31, 2022
GBP (£)
extension
Mar. 31, 2022
AUD ($)
extension
Dec. 31, 2021
USD ($)
Mar. 31, 2021
USD ($)
Mortgages, Senior Notes and Term Loans              
Debt Instrument [Line Items]              
Carrying Amount $ 2,946,886         $ 2,854,170  
Estimated Fair Value 2,865,874         2,939,237  
Less: unamortized deferred financing costs (10,492)         (11,050)  
Long-term Debt, Total 2,936,394         2,843,120  
Mortgage Loans | 2013 Mortgage Loans              
Debt Instrument [Line Items]              
Carrying Amount 267,719         269,545  
Estimated Fair Value $ 267,800         273,938  
Mortgage Loans | Senior note              
Debt Instrument [Line Items]              
Contractual Interest Rate 3.81% 3.81% 3.81% 3.81% 3.81%    
Effective Interest Rate as of March 31, 2022 4.14% 4.14% 4.14% 4.14% 4.14%    
Carrying Amount $ 165,719         167,545  
Estimated Fair Value $ 165,720         170,503  
Mortgage Loans | Mezzanine A              
Debt Instrument [Line Items]              
Contractual Interest Rate 7.38% 7.38% 7.38% 7.38% 7.38%    
Effective Interest Rate as of March 31, 2022 7.55% 7.55% 7.55% 7.55% 7.55%    
Carrying Amount $ 70,000         70,000  
Estimated Fair Value $ 70,000         70,875  
Mortgage Loans | Mezzanine B              
Debt Instrument [Line Items]              
Contractual Interest Rate 11.50% 11.50% 11.50% 11.50% 11.50%    
Effective Interest Rate as of March 31, 2022 11.75% 11.75% 11.75% 11.75% 11.75%    
Carrying Amount           32,000 $ 32,000
Estimated Fair Value $ 32,080         32,560  
Mortgage Loans | Chile Mortgages              
Debt Instrument [Line Items]              
Contractual Interest Rate 4.01% 4.01% 4.01% 4.01% 4.01%    
Effective Interest Rate as of March 31, 2022 4.01% 4.01% 4.01% 4.01% 4.01%    
Carrying Amount $ 10,443         9,761  
Estimated Fair Value 10,443         9,761  
Senior Notes | Senior Unsecured Notes              
Debt Instrument [Line Items]              
Carrying Amount 1,780,025         1,802,750  
Estimated Fair Value $ 1,700,806         1,886,723  
Senior Notes | Series D 1.62% notes due 2031              
Debt Instrument [Line Items]              
Contractual Interest Rate 1.62% 1.62% 1.62% 1.62% 1.62%    
Effective Interest Rate as of March 31, 2022 1.67% 1.67% 1.67% 1.67% 1.67%    
Carrying Amount $ 442,680         454,800  
Estimated Fair Value $ 392,879         441,724  
Face amount of debt | €     € 400,000,000        
Senior Notes | Series E 1.65% notes due 2033              
Debt Instrument [Line Items]              
Contractual Interest Rate 1.65% 1.65% 1.65% 1.65% 1.65%    
Effective Interest Rate as of March 31, 2022 1.70% 1.70% 1.70% 1.70% 1.70%    
Carrying Amount $ 387,345         397,950  
Estimated Fair Value $ 338,927         388,499  
Face amount of debt | €     € 350,000,000        
Senior Notes | Series C Notes              
Debt Instrument [Line Items]              
Contractual Interest Rate 4.10% 4.10% 4.10% 4.10% 4.10%    
Effective Interest Rate as of March 31, 2022 4.15% 4.15% 4.15% 4.15% 4.15%    
Carrying Amount $ 350,000         350,000  
Estimated Fair Value $ 350,000         385,000  
Senior Notes | Series A Notes              
Debt Instrument [Line Items]              
Contractual Interest Rate 4.68% 4.68% 4.68% 4.68% 4.68%    
Effective Interest Rate as of March 31, 2022 4.77% 4.77% 4.77% 4.77% 4.77%    
Carrying Amount $ 200,000         200,000  
Estimated Fair Value $ 204,000         217,500  
Senior Notes | Series B Notes              
Debt Instrument [Line Items]              
Contractual Interest Rate 4.86% 4.86% 4.86% 4.86% 4.86%    
Effective Interest Rate as of March 31, 2022 4.92% 4.92% 4.92% 4.92% 4.92%    
Carrying Amount $ 400,000         400,000  
Estimated Fair Value 415,000         454,000  
Term Loans | Total 2020 Senior Unsecured Term Loan A Facility              
Debt Instrument [Line Items]              
Carrying Amount 374,875         372,800  
Estimated Fair Value $ 373,001         370,499  
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-1              
Debt Instrument [Line Items]              
Effective Interest Rate as of March 31, 2022 1.69% 1.69% 1.69% 1.69% 1.69%    
Carrying Amount $ 174,875         175,000  
Estimated Fair Value $ 174,001         173,688  
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-1 | LIBOR              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.95%            
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-2              
Debt Instrument [Line Items]              
Effective Interest Rate as of March 31, 2022 2.03% 2.03% 2.03% 2.03% 2.03%    
Carrying Amount $ 200,000         197,800  
Estimated Fair Value $ 199,000         196,811  
Face amount of debt   $ 250,000,000          
Term Loans | 2020 Senior Unsecured Term Loan Tranche A-2 | CDOR              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.95%            
Term Loans | Twenty Twenty Senior Unsecured Revolving Credit Facility              
Debt Instrument [Line Items]              
Carrying Amount $ 513,824         399,314  
Estimated Fair Value $ 513,824         398,316  
Term Loans | 2020 Senior Unsecured Revolving Credit Facility              
Debt Instrument [Line Items]              
Effective Interest Rate as of March 31, 2022 2.02% 2.02% 2.02% 2.02% 2.02%    
Carrying Amount $ 89,995         92,694  
Estimated Fair Value $ 89,995         92,462  
Term Loans | 2020 Senior Unsecured Revolving Credit Facility | SONIA              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.85%            
Term Loans | 2020 Senior Unsecured Revolving Credit Facility              
Debt Instrument [Line Items]              
Effective Interest Rate as of March 31, 2022 1.75% 1.75% 1.75% 1.75% 1.75%    
Carrying Amount $ 320,000         205,000  
Estimated Fair Value $ 320,000         204,488  
Term Loans | 2020 Senior Unsecured Revolving Credit Facility | LIBOR              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.85%            
Line of Credit | 2020 Senior Unsecured Term Loan Tranche A-2 | Revolving Credit Facility              
Debt Instrument [Line Items]              
Revolver borrowing capacity | £       £ 68,500,000      
Line of Credit | 2020 Senior Unsecured Revolving Credit Facility | Revolving Credit Facility              
Debt Instrument [Line Items]              
Effective Interest Rate as of March 31, 2022 2.22% 2.22% 2.22% 2.22% 2.22%    
Carrying Amount $ 43,973         43,516  
Estimated Fair Value $ 43,973         43,407  
Number of extensions | extension 2 2 2 2 2    
Extension term 6 months            
Revolver borrowing capacity   $ 55,000,000.0          
Line of Credit | 2020 Senior Unsecured Revolving Credit Facility | CDOR | Revolving Credit Facility              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.85%            
Line of Credit | 2020 Senior Unsecured Revolving Credit Facilities, Tranche 4              
Debt Instrument [Line Items]              
Contractual Interest Rate 0.85%            
Effective Interest Rate as of March 31, 2022 1.36% 1.36% 1.36% 1.36% 1.36%    
Carrying Amount $ 59,856         58,104  
Estimated Fair Value $ 59,856         $ 57,959  
Line of Credit | 2020 Senior Unsecured Revolving Credit Facilities, Tranche 4 | Revolving Credit Facility              
Debt Instrument [Line Items]              
Revolver borrowing capacity         $ 80,000,000