XML 69 R52.htm IDEA: XBRL DOCUMENT v3.26.3
Debt - Schedule of Debt and Lines of Credit (Details)
$ in Thousands
1 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
extensionOption
May 31, 2025
USD ($)
extensionOption
Oct. 31, 2022
USD ($)
Sep. 30, 2026
USD ($)
lineOfCredit
Dec. 31, 2025
USD ($)
lineOfCredit
Apr. 30, 2026
USD ($)
Debt Instrument [Line Items]            
Unsecured debt, net $ 5,844,670     $ 5,844,670 $ 6,015,921  
Mortgage notes payable, net 761,144     761,144 784,348  
Total debt, net 6,605,814     6,605,814 6,800,269  
Debt instrument face amount 600,000     600,000    
Unsecured Term Loan 0.850%, Due May 2028            
Debt Instrument [Line Items]            
Number of extension options (in extensions) | extensionOption   2        
Extension period (in years)   1 year        
Commerical Paper Program | Commercial Paper            
Debt Instrument [Line Items]            
Debt instrument face amount 750,000     750,000    
Unamortized debt issuance expense 400     $ 400 400  
Debt instrument, term       397 days    
Lines of credit            
Debt Instrument [Line Items]            
Lines of credit $ 0     $ 0 $ 0  
Weighted average interest rate (in percent) 4.60%     4.60% 4.80%  
Commercial Paper            
Debt Instrument [Line Items]            
Commercial paper $ 0     $ 0 $ 0  
Mortgage notes payable, net            
Debt Instrument [Line Items]            
Mortgage notes payable, net $ 761,144     $ 761,144 $ 784,348  
Weighted average interest rate (in percent) 4.30%     4.30% 4.40%  
Weighted average maturity (in years)       7 years 7 months 6 days    
Unamortized discount (premium), net $ 0     $ 0 $ 200  
Unamortized debt issuance expense $ 2,600     $ 2,600 $ 2,500  
Bonds public offering - fixed rate, net            
Debt Instrument [Line Items]            
Weighted average interest rate (in percent) 3.70%     3.70% 3.70%  
Unsecured Debt            
Debt Instrument [Line Items]            
Unsecured debt, net $ 5,844,670     $ 5,844,670 $ 6,015,921  
Weighted average interest rate (in percent) 4.30%     4.30% 4.10%  
Unsecured Debt | Term Loan, Variable Rate            
Debt Instrument [Line Items]            
Unsecured debt, net $ 871,532     $ 871,532 $ 596,668  
Weighted average maturity (in years)       3 years 8 months 12 days    
Unsecured Debt | Bonds public offering - fixed rate, net            
Debt Instrument [Line Items]            
Unsecured debt, net 4,973,138     $ 4,973,138 5,419,253  
Weighted average maturity (in years)       6 years 10 months 24 days    
Unamortized discount (premium), net 2,800     $ 2,800 3,600  
Unamortized debt issuance expense 27,500     27,500 30,400  
Unsecured Debt | Unsecured Term Loan 0.850%, Due May 2028            
Debt Instrument [Line Items]            
Debt instrument face amount   $ 300,000        
Interest rate (in percent)   0.85%        
Unsecured Debt | Unsecured Term Loan 0.850%, Due May 2028 | Maximum            
Debt Instrument [Line Items]            
Debt instrument face amount   $ 600,000        
Unsecured Debt | Unsecured Term Loan 0.850% Due January 2031            
Debt Instrument [Line Items]            
Debt instrument face amount     $ 300,000     $ 300,000
Interest rate (in percent)   4.10% 4.00%     4.50%
Basis spread on variable rate (in percent)     0.85%      
Unsecured Debt | New Credit Facility | Lines of credit            
Debt Instrument [Line Items]            
Debt instrument face amount 1,580,000     $ 1,580,000 1,580,000  
Basis spread on variable rate (in percent)       0.775%    
Unamortized debt issuance expense 6,200     $ 6,200 $ 7,300  
Numbers of line of credit | lineOfCredit       2 2  
Aggregate borrowing capacity 1,500,000     $ 1,500,000    
Debt instrument, variable interest rate, type [extensible enumeration]       Secured Overnight Financing Rate (SOFR) [Member]    
Unsecured Debt | Working capital line of credit | Lines of credit            
Debt Instrument [Line Items]            
Basis spread on variable rate (in percent)       0.775%    
Aggregate borrowing capacity 75,000     $ 75,000    
Unsecured Debt | Unsecured Term Loan 0.800%, Due September 2029            
Debt Instrument [Line Items]            
Debt instrument face amount $ 275,000     $ 275,000    
Interest rate (in percent) 0.80%     0.80%    
Number of extension options (in extensions) | extensionOption 2          
Extension period (in years) 1 year          
Line of credit facility increase amount $ 225,000          
Option to increase $ 500,000     $ 500,000