v3.26.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Amounts Paid and Received on Interest Rate Swap Transactions, Excluding Upfront Fees The following tables present the amounts paid and received on the Company’s interest rate swap transactions for the three months ended March 31, 2026 and 2025:

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2026

 

 

 

Maturity Date

 

Notional Amount

 

 

Paid

 

 

Received

 

 

Net

 

Interest rate swap

 

8/1/2026

 

$

300,000

 

 

$

(4,195

)

 

$

1,792

 

 

$

(2,403

)

Interest rate swap

 

8/14/2028

 

 

300,000

 

 

 

(4,952

)

 

 

5,213

 

 

 

261

 

Interest rate swap

 

3/1/2029

 

 

350,000

 

 

 

(5,297

)

 

 

5,359

 

 

 

62

 

Interest rate swap

 

8/15/2030

 

 

300,000

 

 

 

(3,865

)

 

 

4,172

 

 

 

307

 

Total

 

 

 

$

1,250,000

 

 

$

(18,309

)

 

$

16,536

 

 

$

(1,773

)

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2025

 

 

 

Maturity Date

 

Notional Amount

 

 

Paid

 

 

Received

 

 

Net

 

Interest rate swap

 

8/1/2026

 

$

300,000

 

 

$

(4,788

)

 

$

1,833

 

 

$

(2,955

)

Interest rate swap

 

8/14/2028

 

 

300,000

 

 

 

(5,453

)

 

 

5,213

 

 

 

(240

)

Interest rate swap

 

3/1/2029

 

 

350,000

 

 

 

(5,881

)

 

 

5,359

 

 

 

(522

)

Interest rate swap

 

8/15/2030

 

 

300,000

 

 

 

(1,367

)

 

 

1,406

 

 

 

39

 

Total

 

 

 

$

1,250,000

 

 

$

(17,489

)

 

$

13,811

 

 

$

(3,678

)