v3.25.4
FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Schedule of Financial Instruments

At December 31, 2025 and 2024, the net carrying amounts and fair values of other financial instruments were as follows:

December 31, 2025

December 31, 2024

Carrying

  ​ ​ ​

Fair

  ​ ​ ​

Carrying

  ​ ​ ​

Fair

Amount

  ​ ​ ​

Value

  ​ ​ ​

Amount

  ​ ​ ​

Value

(in thousands)

Assets:

Investments in direct financing leases – net

$

$

  ​ ​ ​

$

9,453

$

9,453

Real estate loans receivable – net

 

1,380,949

1,412,106

1,428,298

1,447,262

Non-real estate loans receivable – net

 

330,322

331,970

332,274

340,025

Total

$

1,711,271

$

1,744,076

$

1,770,025

$

1,796,740

Liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Revolving Credit Facility

$

242,000

$

242,000

  ​ ​ ​

$

$

2026 Mortgage Loan

 

243,310

247,063

2026 Term Loan

427,044

428,500

OP Term Loan

 

49,966

50,000

2028 Term Loan

 

298,118

300,000

4.50% notes due 2025 – net

 

399,968

399,856

5.25% notes due 2026 – net

 

599,259

600,714

4.50% notes due 2027 – net

 

698,231

702,303

696,766

691,040

4.75% notes due 2028 – net

 

547,941

554,307

546,933

542,553

3.63% notes due 2029 – net

495,517

484,105

494,308

461,180

5.20% notes due 2030 – net

590,190

610,608

3.38% notes due 2031 – net

690,752

653,527

688,962

620,809

3.25% notes due 2033 – net

693,262

622,272

692,343

585,389

Total

$

4,256,011

$

4,169,122

$

4,838,859

$

4,627,104