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Derivatives (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Amounts Paid and Received on Interest Rate Swap Transactions, Excluding Upfront Fees

The following table presents the amounts paid and received on the Company's interest rate swap transactions, excluding upfront fees, for the year ended December 31, 2024. The Company had no interest rate swaps for the year ended December 31, 2023.

 

 

 

 

 

 

 

 

For the year ended December 31, 2024

 

 

 

Maturity Date

 

Notional Amount

 

 

Paid

 

 

Received

 

 

Net

 

Interest rate swap

 

3/11/2029

 

$

600,000

 

 

$

(37,014

)

 

$

30,767

 

 

$

(6,247

)

Interest rate swap

 

3/11/2029

 

 

150,000

 

 

 

(5,813

)

 

 

5,092

 

 

 

(721

)

Interest rate swap

 

1/15/2030

 

 

600,000

 

 

 

(12,276

)

 

 

9,487

 

 

 

(2,789

)

Total

 

 

 

$

1,350,000

 

 

$

(55,103

)

 

$

45,346

 

 

$

(9,757

)