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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the terms of our derivative financial instruments (notional amounts in thousands):
As of December 31, 2025
Interest Rate DerivativesNumber of InstrumentsNotional AmountWeighted Average Interest RateIndexWeighted Average Remaining Term (Years)
Interest rate swaps7$440,0004.81%SOFR2.9
As of December 31, 2024
Interest Rate DerivativesNumber of InstrumentsNotional AmountWeighted Average Interest RateIndexWeighted Average Remaining Term (Years)
Interest rate swaps1$200,0004.88%SOFR2.1
Schedule of Fair Value of Derivative Financial Instruments
Our derivative financial instruments are classified as Level 2 in the fair value hierarchy. The following table presents the fair value of our derivative financial instruments:
As of December 31,
(amounts in thousands)Balance Sheet Location20252024
Interest rate swapsOther assets, net$— $2,303 
Interest rate swapsAccounts payable and other liabilities$2,208 $— 
Schedule of Effect of Derivative Instruments on Consolidated Statements of Operations
The following table presents the amount of (gain)/loss recognized in Other comprehensive income/(loss) on derivatives on the Consolidated Statements of Income and Comprehensive Income (in thousands):
For the Years ended December 31,
Derivatives in Cash Flow Hedging Relationship202520242023
Interest rate swaps$1,620 $(5,877)$(5,039)
The following table presents the amount of (gain)/loss reclassified from Accumulated other comprehensive income/(loss) into income on the Consolidated Statements of Income and Comprehensive Income (in thousands):
Derivatives in Cash Flow Hedging RelationshipLocation of (gain)/ loss reclassified from
Accumulated OCI into income
For the Years ended December 31,
202520242023
Interest rate swapsInterest expense$(2,891)$(14,022)$(18,097)
Early debt retirement$— $4,387 $—