| Schedule of Fair Value and Carrying Value of Financial Instruments |
At March 31, 2025 and December 31, 2024, the fair values of our financial instruments approximated their carrying values in our condensed consolidated financial statements, due to their short term nature or floating interest rates, except as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2025 | | As of December 31, 2024 | | Financial Instrument | | Carrying Value (1) | | Fair Value | | Carrying Value (1) | | Fair Value | Senior unsecured notes, 4.500% interest rate, due in 2025 (2) | | $ | — | | | $ | — | | | $ | 171,607 | | | $ | 169,302 | | Senior unsecured notes, 2.650% interest rate, due in 2026 | | 133,175 | | | 100,447 | | | 139,578 | | | 106,078 | | Senior unsecured notes, 2.400% interest rate, due in 2027 | | 78,049 | | | 45,809 | | | 80,486 | | | 49,475 | | Senior secured notes, 3.250% interest rate, due in 2027 | | 363,026 | | | 356,066 | | | 363,432 | | | 383,806 | | Senior secured notes, 9.000% interest rate, due in March 2029 | | 277,065 | | | 286,839 | | | 275,632 | | | 293,100 | | Senior secured notes, 9.000% interest rate, due in September 2029 | | 635,595 | | | 498,961 | | | 637,052 | | | 529,436 | | Senior priority guaranteed unsecured notes, 8.000% interest rate, due in 2030 (3) | | 18,516 | | | 10,528 | | | — | | | — | | Senior unsecured notes, 3.450% interest rate, due in 2031 | | 101,673 | | | 39,836 | | | 113,511 | | | 49,688 | | Senior unsecured notes, 6.375% interest rate, due in 2050 | | 157,144 | | | 48,211 | | | 157,096 | | | 80,676 | | | Mortgage notes payable | | 173,144 | | | 180,690 | | | 172,912 | | | 177,295 | | | Total | | $ | 1,937,387 | | | $ | 1,567,387 | | | $ | 2,111,306 | | | $ | 1,838,856 | |
(1)Includes net unamortized debt premiums, discounts and issuance costs totaling $74,031 and $90,218 as of March 31, 2025 and December 31, 2024, respectively. (2)These senior notes were redeemed in January 2025. (3)These senior notes were issued in March 2025.
|