Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of September 30, 2022 (dollars in thousands):

	Balance			Weighted Average Effective Rate			Weighted Average Contract Maturity
Unsecured debt
Fixed rate senior notes	$	4,050,000			3.4	%	5/14/2029
Variable rate commercial paper program		125,000			3.4	%	10/3/2022
Debt issuance costs, discounts, premiums and fair market value adjustments		(20,180	)
Total unsecured debt	$	4,154,820			3.3	%
Secured debt
Fixed rate property mortgages	$	367,512			4.4	%	10/19/2048
Debt issuance costs		(3,181	)
Total secured debt	$	364,331			4.4	%
Total outstanding debt	$	4,519,151			3.4	%