Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of March 31, 2024 (dollars in thousands):

	Balance			Weighted Average Effective Rate			Weighted Average Contract Maturity
Unsecured debt
Fixed rate senior notes	$	4,050,000			3.4	%	4/8/2030
Variable rate commercial paper program		235,000			5.6	%	4/6/2024
Debt issuance costs, discounts and premiums		(20,710	)
Total unsecured debt	$	4,264,290			3.6	%
Secured debt
Fixed rate property mortgages	$	363,293			4.4	%	1/26/2049
Debt issuance costs		(3,120	)
Total secured debt	$	360,173			4.4	%
Total outstanding debt	$	4,624,463			3.6	%