XML 46 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Debt (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
May 01, 2025
Jan. 09, 2025
USD ($)
Jan. 11, 2024
USD ($)
$ / shares
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 22, 2025
USD ($)
Mar. 20, 2025
USD ($)
Jan. 08, 2024
$ / shares
Debt Instrument [Line Items]                    
Purchase of capped calls             $ 19,448      
Unsecured term loan                    
Debt Instrument [Line Items]                    
Other notes payable       $ 750,000   $ 750,000     $ 600,000  
Additional other notes payable issuance exercised               $ 150,000    
Additional borrowing capacity amount                 150,000  
Aggregate maximum borrowing capacity under accordion feature                 $ 1,000,000  
Debt issuance costs       4,900   4,900        
Spread adjustment removed 0.10%                  
Hoboken | Mortgages payable                    
Debt Instrument [Line Items]                    
Repayment of mortgage loan   $ 1,200                
Revolving credit facility                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity under revolving credit facility       1,250,000   1,250,000        
Maximum amount outstanding under revolving credit facility       315,300   315,300        
Weighted average borrowings outstanding       $ 228,900   $ 101,900        
Weighted average interest rate, before amortization of debt fees       5.20%   5.20%        
Revolving credit facility       $ 102,400   $ 102,400        
3.25% notes | Call Option                    
Debt Instrument [Line Items]                    
Share Price | $ / shares                   $ 102.33
Initial cap price | $ / shares     $ 143.26              
Percentage of cap price premium over share price     40.00%              
Purchase of capped calls     $ 19,400              
3.25% notes | Exchangeable senior notes                    
Debt Instrument [Line Items]                    
Proceeds from issuance of debt     $ 485,000              
Interest rate     3.25% 3.25% 3.25% 3.25% 3.25%      
Net proceeds     $ 471,500              
Interest expense       $ 4,600 $ 4,600 $ 13,800 $ 13,300      
Debt issuance cost amortization       $ 700 $ 700 $ 2,000 $ 1,900      
Effective interest rate       3.90%   3.90%        
Unamortized debt issuance costs       $ 8,900   $ 8,900        
Exchange price | $ / shares     $ 122.80              
Exchange premium percentage     20.00%              
Quarterly common dividend payable, if in excess will adjust the initial exchange rate | $ / shares     $ 1.09              
Minimum redemption exchange price     130.00%              
Note offering percent     100.00%              
3.25% notes | Exchangeable senior notes | Per $1,000 principal amount                    
Debt Instrument [Line Items]                    
Exchange rate     8.1436              
Exchange rate principal amount     $ 1