Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Summary of Senior Notes Issuances

The following table summarizes the Company’s senior unsecured notes payoffs during the year ended December 31, 2018 (dollars in thousands):

Date	Amount		Coupon Rate
July 16, 2018(1)	$	700,000	5.375	%
November 8, 2018	$	450,000	3.750	%

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(1)

The Company recorded a $44 million loss on debt extinguishment related to the repurchase of senior notes.

Summary of Debt Maturities and Schedule Principal Repayments

The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at March 31, 2019 (in thousands):

Year	Bank Line of Credit(1)		Senior Unsecured Notes(2)			Mortgage Debt(3)		Total(4)
2019 (nine months)	$	—	$	—		$	2,686	$	2,686
2020	—		800,000			3,609		803,609
2021	276,500		—			10,957		287,457
2022	—		900,000			2,691		902,691
2023	—		800,000			2,811		802,811
Thereafter	—		2,800,000			109,705		2,909,705
	276,500		5,300,000			132,459		5,708,959
(Discounts), premium and debt costs, net	—		(39,378		)	5,066		(34,312		)
	$	276,500	$	5,260,622		$	137,525	$	5,674,647

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(1) Includes £55 million translated into USD.

(2) Effective interest rates on the notes ranged from 2.79% to 6.87% with a weighted average effective interest rate of 4.03% and a weighted average maturity of five years.

(3) Effective interest rates on the mortgage debt ranged from 2.47% to 5.91% with a weighted average effective interest rate of 4.19% and a weighted average maturity of 19 years.

(4)

Excludes $89 million of other debt that have no scheduled maturities.