XML 55 R44.htm IDEA: XBRL DOCUMENT v3.25.3
Debt - Summary (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 15, 2025
Sep. 30, 2025
USD ($)
extension
extention
Rate
Sep. 30, 2025
USD ($)
extension
extention
Rate
Feb. 05, 2026
Jun. 13, 2025
Feb. 20, 2025
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]              
Principal outstanding   $ 3,101,686 $ 3,101,686       $ 3,029,135
Long-term debt, gross   3,114,156 3,114,156       3,038,322
Debt Issuance Costs, Net   (12,349) (12,349)       (9,060)
Unamortized fair market value discount   $ (121) $ (121)       (127)
Weighted average interest rate   4.22% 4.22%        
Facility fee     $ 1,000,000        
Interest Rate Swaps              
Debt Instrument [Line Items]              
Derivative notional amount swapped   $ 1,025,000 $ 1,025,000        
Minimum [Member]              
Debt Instrument [Line Items]              
Line of Credit Facility, Commitment Fee Percentage     0.10%        
Maximum [Member]              
Debt Instrument [Line Items]              
Line of Credit Facility, Commitment Fee Percentage     0.30%        
$200 Million Unsecured Term Loan F [Member]              
Debt Instrument [Line Items]              
Number of the Extensions | extension   2 2        
Extensions Period   1 year          
$100 Million Series D Unsecured Notes              
Debt Instrument [Line Items]              
Stated interest rate           4.32%  
$75 Million Series G Unsecured Notes [Member]              
Debt Instrument [Line Items]              
Stated interest rate         4.10%    
Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Stated interest rate   4.1292% 4.1292%        
Daily Simple Secured Overnight Financing Rate SOFR              
Debt Instrument [Line Items]              
Stated interest rate   4.24% 4.24%        
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Term Loans A,F,G              
Debt Instrument [Line Items]              
Basis spread on variable rate     0.85%        
Unsecured Credit Facility              
Debt Instrument [Line Items]              
Principal outstanding   $ 110,000 $ 110,000       409,000
Debt Instrument, Maturity Date     Sep. 07, 2029        
Maximum borrowing capacity   $ 1,000,000 $ 1,000,000        
Number Of Extensions | extention   2 2        
Debt term extension period     6 months        
Unsecured Credit Facility | Prepaid Expenses and Other Assets              
Debt Instrument [Line Items]              
Debt Issuance Costs, Net   $ (8,000) $ (8,000)       (10,100)
Unsecured Credit Facility | Scenario, Plan | Subsequent Event              
Debt Instrument [Line Items]              
Stated interest rate       3.94%      
Unsecured Credit Facility | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate | Rate     0.775%        
Unsecured Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate     0.775%        
Unsecured Term Loans              
Debt Instrument [Line Items]              
Principal outstanding   1,021,045 $ 1,021,045       1,021,848
Long-term debt, gross   1,025,000 1,025,000       1,025,000
Debt Issuance Costs, Net   (3,955) $ (3,955)       (3,152)
Unsecured Term Loans | $150 Million Wells Fargo Unsecured Term Loan A              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Mar. 15, 2027        
Long-term debt, gross   $ 150,000 $ 150,000       150,000
Stated interest rate   2.06% 2.06%        
Unsecured Term Loans | $187.5 Million Unsecured Term Loan H              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jan. 25, 2028        
Long-term debt, gross   $ 187,500 $ 187,500       187,500
Stated interest rate   3.25% 3.25%        
Unsecured Term Loans | $187.5 Million Unsecured Term Loan I              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jan. 25, 2028        
Long-term debt, gross   $ 187,500 $ 187,500       187,500
Stated interest rate   3.41% 3.41%        
Unsecured Term Loans | $200 Million Unsecured Term Loan F [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Mar. 23, 2029        
Long-term debt, gross   $ 200,000 $ 200,000       200,000
Stated interest rate   4.73% 4.73%        
Unsecured Term Loans | $300 Million Unsecured Term Loan [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Mar. 14, 2031        
Long-term debt, gross   $ 300,000 $ 300,000       300,000
Stated interest rate   1.70% 1.70%        
Unsecured Notes              
Debt Instrument [Line Items]              
Principal outstanding   $ 1,966,606 $ 1,966,606       1,594,092
Long-term debt, gross   1,975,000 1,975,000       1,600,000
Debt Issuance Costs, Net   (8,394) $ (8,394)       (5,908)
Unsecured Notes | $300 Million Unsecured Term Loan [Member]              
Debt Instrument [Line Items]              
Stated interest rate 0.125%            
Debt term extension period 1 year            
Unsecured Notes | $100 Million Series D Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Feb. 20, 2025        
Long-term debt, gross   $ 0 $ 0       100,000
Stated interest rate   4.32% 4.32%        
Unsecured Notes | $75 Million Series G Unsecured Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 13, 2025        
Long-term debt, gross   $ 0 $ 0       75,000
Stated interest rate   4.10% 4.10%        
Unsecured Notes | $50 Million Series B Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jul. 01, 2026        
Long-term debt, gross   $ 50,000 $ 50,000       50,000
Stated interest rate   4.98% 4.98%        
Unsecured Notes | $80 Million Series C Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Dec. 30, 2026        
Long-term debt, gross   $ 80,000 $ 80,000       80,000
Stated interest rate   4.42% 4.42%        
Unsecured Notes | $20 Million Series E Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Feb. 20, 2027        
Long-term debt, gross   $ 20,000 $ 20,000       20,000
Stated interest rate   4.42% 4.42%        
Unsecured Notes | $100 Million Series H Unsecured Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 13, 2028        
Long-term debt, gross   $ 100,000 $ 100,000       100,000
Stated interest rate   4.27% 4.27%        
Unsecured Notes | $175 Million Series L Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     May 28, 2029        
Long-term debt, gross   $ 175,000 $ 175,000       175,000
Stated interest rate | Rate   6.05% 6.05%        
Unsecured Notes | $350 Million Series O Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 25, 2030        
Long-term debt, gross   $ 350,000 $ 350,000       0
Stated interest rate   5.50% 5.50%        
Unsecured Notes | $125 Million Series M Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     May 28, 2031        
Long-term debt, gross   $ 125,000 $ 125,000       125,000
Stated interest rate | Rate   6.17% 6.17%        
Unsecured Notes | $275 Million Series I Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Sep. 29, 2031        
Long-term debt, gross   $ 275,000 $ 275,000       275,000
Stated interest rate   2.80% 2.80%        
Unsecured Notes | $400 Million Series K Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 28, 2032        
Long-term debt, gross   $ 400,000 $ 400,000       400,000
Stated interest rate   4.12% 4.12%        
Unsecured Notes | $100 Million Series P Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 25, 2033        
Long-term debt, gross   $ 100,000 $ 100,000       0
Stated interest rate   5.82% 5.82%        
Unsecured Notes | $50 Million Series J Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Sep. 28, 2033        
Long-term debt, gross   $ 50,000 $ 50,000       50,000
Stated interest rate   2.95% 2.95%        
Unsecured Notes | $150 Million Series N Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     May 28, 2034        
Long-term debt, gross   $ 150,000 $ 150,000       150,000
Stated interest rate   6.30% 6.30%        
Unsecured Notes | $100 Million Series Q Unsecured Notes              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 25, 2035        
Long-term debt, gross   $ 100,000 $ 100,000       0
Stated interest rate   5.99% 5.99%        
Mortgage Loans Payable              
Debt Instrument [Line Items]              
Principal outstanding   $ 4,035 $ 4,035       4,195
Long-term debt, gross   4,156 4,156       4,322
Unamortized fair market value discount   (121) $ (121)       (127)
Mortgage Loans Payable | United of Omaha Life Insurance Company              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Oct. 01, 2039        
Long-term debt, gross   $ 4,156 $ 4,156       $ 4,322
Stated interest rate   3.71% 3.71%