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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
The following is a summary of our debt:
(Amounts in thousands)
Weighted Average
Interest Rate at
December 31, 2019
 
Balance as of December 31,
 
 
2019
 
2018
Mortgages Payable:
 
 
 
 
 
Fixed rate
3.52%
 
$
4,601,516

 
$
5,003,465

Variable rate
3.30%
 
1,068,500

 
3,212,382

Total
3.48%
 
5,670,016

 
8,215,847

Deferred financing costs, net and other
 
 
(30,119
)
 
(48,049
)
Total, net
 
 
$
5,639,897

 
$
8,167,798


Unsecured Debt:
 
 
 
 
 
Senior unsecured notes
3.50%
 
$
450,000

 
$
850,000

Deferred financing costs, net and other
 
 
(4,128
)
 
(5,998
)
Senior unsecured notes, net
 
 
445,872

 
844,002

 
 
 
 
 
 
Unsecured term loan
3.87%
 
750,000

 
750,000

Deferred financing costs, net and other
 
 
(4,160
)
 
(5,179
)
Unsecured term loan, net
 
 
745,840

 
744,821

 
 
 
 
 
 
Unsecured revolving credit facilities
2.70%
 
575,000

 
80,000

 
 
 
 
 
 
Total, net
 
 
$
1,766,712

 
$
1,668,823


Schedule of Maturities of Long-Term Debt
As of December 31, 2019, the principal repayments required for the next five years and thereafter are as follows:
 
(Amounts in thousands)
Mortgages Payable
 
Senior Unsecured
Notes, Unsecured Term Loan and Unsecured
Revolving Credit Facilities
 
 
Year Ended December 31,
 
 
 
 
 
2020
$
1,541,567

 
$

 
 
2021
1,635,549

 

 
 
2022
971,600

 

 
 
2023
23,400

 
575,000

 
 
2024
766,900

 
750,000

 
 
Thereafter
731,000

 
450,000