v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value

The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis and fair value level as of the dates presented (in thousands):

    

June 30, 2025

December 31, 2024

Fair Value

Fair Value

Level 2

Level 2

Derivative assets - interest rate swaps

$

$

17,526

Derivative liabilities - interest rate swaps

$

2,621

$

Schedule of assets and liabilities measured at fair value on a recurring basis and fair value

The table below presents the carrying value, fair value and fair value level of the Company’s debt as of the dates presented (in thousands):

June 30, 2025

December 31, 2024

    

Carrying

Fair Value

Carrying

Fair Value

Value

Level 2

Level 3

Value

Level 2

Level 3

Mortgage Notes Payable

$

41,886

$

$

40,796

$

42,210

$

$

40,591

Unsecured Term Loan

$

347,767

$

347,767

$

$

347,452

$

347,452

$

Senior Unsecured Notes

$

2,582,892

$

2,499,776

$

$

2,237,759

$

2,078,885

$

Unsecured Revolving Credit Facility

$

$

$

$

158,000

$

158,000

$

Commercial Paper Notes

$

247,000

$

247,000

$

$

$

$