v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements  
Summary of assets and liabilities measured at fair value on a recurring basis

Fair Value Measurements

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

(In thousands)

March 31, 2026

 

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

7,723

$

7,723

Classified as liabilities in "Other liabilities, net"

3,122

 

3,122

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

6,608

 

 

6,608

 

Classified as liabilities in "Other liabilities, net"

 

6,493

 

 

6,493

 

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

6,969

$

6,969

Classified as liabilities in "Other liabilities, net"

6,352

 

6,352

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

6,125

 

 

6,125

 

Classified as liabilities in "Other liabilities, net"

 

5,998

 

 

5,998

 

Schedule of financial instruments and liabilities reflected in balance sheets

March 31, 2026

December 31, 2025

  ​ ​ ​

Carrying

  ​ ​ ​

  ​ ​ ​

Carrying

  ​ ​ ​

Amount (1)

Fair Value

Amount (1)

Fair Value

 

(In thousands)

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage loans

$

1,621,634

$

1,611,713

$

1,621,589

$

1,615,279

Revolving credit facility

 

230,000

 

229,364

 

205,000

 

204,344

Term loans

 

720,000

 

717,300

 

720,000

 

717,455

(1)The carrying amount consists of principal only.