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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Fair Value Measurements

    

Total

    

Level 1

    

Level 2

    

Level 3

(In thousands)

March 31, 2020

 

Derivative financial instruments designated as cash flow hedges:

 

  

 

  

 

  

 

  

Classified as liabilities in "Other liabilities, net"

$

50,169

 

$

50,169

 

Derivative financial instruments not designated as cash flow hedges:

 

  

 

  

 

  

 

  

Classified as assets in "Other assets, net"

 

63

 

 

63

 

December 31, 2019

 

  

 

  

 

  

 

  

Derivative financial instruments designated as cash flow hedges:

 

  

 

  

 

  

 

  

Classified as liabilities in "Other liabilities, net"

$

17,440

 

$

17,440

 

Schedule of Financial Instruments and Liabilities as Reflected on Balance Sheet

March 31, 2020

December 31, 2019

    

Carrying

    

    

Carrying

    

Amount (1)

Fair Value

Amount (1)

Fair Value

 

(In thousands)

Financial liabilities:

 

  

 

  

 

  

 

  

Mortgages payable

$

1,300,626

$

1,223,797

$

1,127,848

$

1,162,890

Revolving credit facility

 

200,000

 

196,930

 

200,000

 

200,177

Unsecured term loans

 

300,000

 

296,208

 

300,000

 

300,607

(1)The carrying amount consists of principal only.