The following table summarizes the Company’s outstanding debt as of March 31, 2026 (dollars in thousands):
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Balance |
|
|
Weighted Average Effective Rate |
|
|
Weighted Average Contract Maturity |
Unsecured debt |
|
|
|
|
|
|
|
|
Fixed rate senior notes |
|
$ |
4,600,000 |
|
|
|
3.8 |
% |
|
1/19/2032 |
Variable rate commercial paper program |
|
|
727,300 |
|
|
|
4.1 |
% |
|
4/7/2026 |
Debt issuance costs, discounts and premiums |
|
|
(31,204 |
) |
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|
|
|
|
Total unsecured debt |
|
$ |
5,296,096 |
|
|
|
3.8 |
% |
|
|
Secured debt |
|
|
|
|
|
|
|
|
Fixed rate property mortgages |
|
$ |
363,293 |
|
|
|
4.4 |
% |
|
1/26/2049 |
Debt issuance costs |
|
|
(2,869 |
) |
|
|
|
|
|
Total secured debt |
|
$ |
360,424 |
|
|
|
4.4 |
% |
|
|
Total outstanding debt |
|
$ |
5,656,520 |
|
|
|
3.9 |
% |
|
|
|