Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of June 30, 2024 (dollars in thousands):

	Balance			Weighted Average Effective Rate			Weighted Average Contract Maturity
Unsecured debt
Fixed rate senior notes	$	4,050,000			3.6	%	1/9/2031
Variable rate commercial paper program		316,000			5.5	%	7/5/2024
Debt issuance costs, discounts and premiums		(25,340	)
Total unsecured debt	$	4,340,660			3.7	%
Secured debt
Fixed rate property mortgages	$	363,293			4.4	%	1/26/2049
Debt issuance costs		(3,089	)
Total secured debt	$	360,204			4.4	%
Total outstanding debt	$	4,700,864			3.8	%