Debt of the Company (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The Operating Partnership had the following amounts outstanding on the debt guaranteed by the Company as of December 31, 2025 and 2024 (in thousands):

	2025		2024
Unsecured lines of credit	$	44,000	$	—
Unsecured term loan	$	325,000	$	325,000

The debt of the Operating Partnership as of December 31, 2025 and 2024 consisted of the following (in thousands):

						2025				2024
	Stated Interest Rate(s)		Effective Rate (1)	Maturity Date	Maturity Date With Extension Option	Principal		Book Value(2)		Principal		Book Value(2)
Senior, unsecured notes:
Senior notes	3.125%		3.2%	Sept. 2026		$	350,000	$	349,631	$	350,000	$	349,045
Senior notes	3.875%		3.9%	July 2027		300,000		299,370		300,000		298,956
Senior notes	2.750%		2.9%	Sept. 2031		400,000		394,608		400,000		393,710
Unsecured term loan	Adj SOFR+	0.94%	4.9%	Jan. 2027	Jan. 2028	325,000		323,978		325,000		323,182
Mortgages payable:
Atlantic City (3) (4)	6.44%		5.1%	Dec. 2026		5,705		5,760		7,206		7,341
Kansas City (5)	7.57%		6.0%	Nov. 2027		115,000		118,317		—		—
Southaven (3) (6)	SOFR+	2.00%	5.5%	April 2030		61,700		61,157		51,700		51,525
Unsecured lines of credit	Adj SOFR+	0.85%	4.8%	April 2028	April 2029	44,000		44,000		—		—
Total						$	1,601,405	$	1,596,821	$	1,433,906	$	1,423,759

(1)Includes the impact of discounts and premiums, mark-to-market adjustments for mortgages assumed in conjunction with property acquisitions and interest rate swap agreements, as applicable.

(2)Includes premiums, discounts and unamortized debt origination costs. These costs were $4.6 million and $10.1 million as of December 31, 2025 and 2024, respectively. As of December 31, 2025, and 2024, excludes $5.7 million and $7.4 million, respectively, of unamortized debt origination costs related to unsecured lines of credit, recorded in prepaids and other assets in the Consolidated Balance Sheet. Amortization of deferred debt origination costs included in interest expense for the years ended December 31, 2025, 2024 and 2023 was $3.7 million, $3.5 million and $3.2 million, respectively.

(3)We have entered into various interest rate swap agreements to effectively fix variable interest costs (see Note 9).

(4)Principal and interest due monthly with remaining principal due at maturity.

(5)The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%. The effective interest rate assigned during the purchase price allocation to the Kansas City mortgage assumed as part of the acquisition in 2025 was 6%.

(6)The Operating Partnership provides a 10% gu