v3.26.1
Debt and Line of Credit (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table sets forth certain information regarding debt, including premiums, discounts and deferred financing costs (in millions, except for statistical information):
Carrying Amount atWeighted Average
Years to Maturity at		Weighted Average
Interest Rates at
June 30, 2026December 31, 2025June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Secured Debt
Mortgage loans payable(1)
$2,225.3 $2,429.0 8.68.53.617 %3.634 %
Secured borrowings on collateralized receivables(2)
39.2 43.2 11.812.38.535 %8.538 %
Total Secured Debt2,264.5 2,472.2 
Unsecured Debt
Senior unsecured notes(3)
1,787.7 1,786.5 4.65.12.901 %2.901 %
Total Unsecured Debt1,787.7 1,786.5 
Total Debt$4,052.2 $4,258.7 6.97.13.349 %3.376 %
(1) Balances at June 30, 2026 and December 31, 2025 is net of $8.8 million and $9.6 million of deferred financing costs, respectively.
(2) Balances at June 30, 2026 and December 31, 2025 is net of fair value adjustments of $3.2 million and $3.8 million, respectively.
(3) Balances at June 30, 2026 and December 31, 2025 is net of $3.8 million and $4.2 million of net debt discount, respectively, and $8.5 million and $9.3 million of deferred financing costs, respectively. Weighted average interest rates include the impact of hedge activity.
Schedule of Extinguishment of Debt
During the six months ended June 30, 2026, we repaid the following mortgage term loans on their respective maturity dates (in millions, except for statistical information):
PeriodRepayment AmountWeighted Average Interest RateMaturity Date
Three months ended June 30, 2026$177.9 
(1)
3.813 %June 15, 2026
(1) Includes two mortgage term loans, which were secured by seven properties.
Schedule of Long-Term Debt Instruments
The following table sets forth certain information regarding our senior unsecured notes (in millions, except for statistical information). All senior unsecured notes include interest payments on a semi-annual basis in arrears and are recorded within the Unsecured debt line item on the Condensed Consolidated Balance Sheets.
Carrying Amount at
Principal AmountJune 30, 2026December 31, 2025
4.2% notes, issued in April 2022 and due in April 2032
$600.0 $594.5 $594.1 
2.3% notes, issued in October 2021 and due in November 2028
450.0 448.4 448.1 
2.7% notes, issued in June 2021 and October 2021, and due in July 2031
750.0 744.8 744.3 
Total$1,800.0 $1,787.7 $1,786.5