v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Carrying amounts and fair value of financial instruments
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at June 30, 2025 and December 31, 2024.
 June 30, 2025December 31, 2024
 
Carrying Amount (1)
Fair Value
Carrying Amount (1)
Fair Value
 (In thousands)
Financial Assets:    
Cash and cash equivalents$32,921 32,921 17,529 17,529 
   Interest rate swap assets                             13,227 13,227 21,953 21,953 
Financial Liabilities:    
Unsecured debt (2)
1,460,000 1,379,943 1,510,000 1,403,754 
   Interest rate swap liabilities                                     2,337 2,337 — — 
(1)Carrying amounts shown in the table are included on the Consolidated Balance Sheets under the indicated captions, except as explained below.
(2)Carrying amounts and fair values shown in the table exclude debt issuance costs (see Note 10 for additional information).