v3.26.1
Notes Payable, Net (Tables)
3 Months Ended
Mar. 31, 2026
Notes Payable, Net  
Schedule of notes payable, net

  ​ ​ ​

As of March 31, 

As of December 31, 

 

  ​ ​ ​

2026

2025

 

Amount

Interest

Amount

Interest

 

(in thousands)

  ​ ​ ​

Outstanding

  ​ ​ ​

Rate

  ​ ​ ​

Outstanding

  ​ ​ ​

Rate

 

  ​ ​ ​

Senior unsecured bond due 2026

$

300,000

 

6.00

%  

$

300,000

 

6.00

%

Senior unsecured bond due 2029

 

400,000

 

9.50

%  

 

400,000

 

9.50

%

Senior unsecured bond due 2030

500,000

8.25

%

500,000

8.25

%

Revolving credit facility

 

254,224

 

6.15

%  

 

231,584

 

6.79

%

Total

$

1,454,224

 

7.76

%  

$

1,431,584

 

7.89

%

Unamortized debt issuance costs

 

(20,903)

 

 

(22,544)

 

  ​

Notes Payable, net

$

1,433,321

$

1,409,039

 

  ​

Schedule of components of interest expense

Components of interest expense for the three months ended March 31, 2026, and 2025 (in thousands):

For the Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Interest expense

$

28,935

$

23,699

Amortization of debt issuance costs

1,643

1,120

Total Interest Expense

$

30,578

$

24,819

Senior unsecured bond due 2026  
Notes Payable, Net  
Schedule of redemption price as percentage of principal of notes payable

  ​ ​ ​

Percentage

 

Dates

of Principal

2026

 

100.000

%

Senior unsecured bond due 2029  
Notes Payable, Net  
Schedule of redemption price as percentage of principal of notes payable

  ​ ​ ​

Percentage

 

Dates

of Principal

2026

104.750

%

2027

 

102.375

%

2028 and thereafter

 

100.000

%

Senior unsecured bond due 2030  
Notes Payable, Net  
Schedule of redemption price as percentage of principal of notes payable

Percentage

Dates

of Principal

2027

104.125

%

2028

 

102.063

%

2029 and thereafter

 

100.000

%