v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Senior Unsecured Credit Facility
The following table presents a summary of our Senior Unsecured Credit Facility (dollars in thousands):
Senior Unsecured Credit Facility
Interest Rate at June 30, 2026 (a)
Maturity Date at June 30, 2026
Principal Outstanding Balance at
June 30, 2026December 31, 2025
Unsecured Term Loans: (b)
Unsecured Term Loan due 2029 — borrowing in euros (c)
2.80%
4/24/2029$569,700 $587,500 
GBP Term Loan due 2028 — borrowing in British pounds sterling (d)
4.72%
2/14/2028356,980 363,569 
CAD Term Loan due 2028 — borrowing in Canadian dollars (e)
CORRA + 0.80%
2/14/2028243,989 — 
EUR Term Loan due 2028 — borrowing in euros (f)
N/AN/A— 252,625 
1,170,669 1,203,694 
Unsecured Revolving Credit Facility:
Borrowing in U.S. dollars (g)
SOFR + 0.685%
2/14/202998,000 258,000 
Borrowing in euros
EURIBOR + 0.685%
2/14/202918,230 66,975 
Borrowing in Canadian dollarsN/AN/A— 53,316 
Borrowing in British pounds sterlingN/AN/A— 41,743 
Borrowing in Japanese yenN/AN/A— 15,383 
116,230 435,417 


$1,286,899 $1,639,111 
__________
(a)The applicable interest rate at June 30, 2026 was based on the credit ratings for our Senior Unsecured Notes of BBB+/Baa1, our Leverage Ratio, and the achievement of certain sustainability KPIs.
(b)Balance excludes unamortized discount of $5.8 million and $6.9 million at June 30, 2026 and December 31, 2025, respectively, and unamortized deferred financing costs of $0.3 million and $0.4 million at June 30, 2026 and December 31, 2025, respectively.
(c)Interest rate is subject to variable-to-fixed interest rate swaps that fix the floating rate component of the per annum interest rate at 2.00% through December 31, 2027. Upon maturity of the interest rate swaps, the Unsecured Term Loan due 2029 will be subject to a variable interest rate based on EURIBOR.
(d)Interest rate is subject to variable-to-fixed interest rate swaps that fix the floating rate component of the per annum interest rate at 3.92% through December 31, 2027. Upon maturity of the interest rate swaps, the GBP Term Loan due 2028 will be subject to a variable interest rate based on the Sterling Overnight Index Average (SONIA).
(e)CORRA means Canadian Overnight Repo Rate Average.
(f)The EUR Term Loan due 2028 was repaid in February 2026, as described above.
(g)SOFR means Secured Overnight Financing Rate.
Schedule of Senior Unsecured Notes The following table presents a summary of our Senior Unsecured Notes outstanding at June 30, 2026 (currency in thousands):
Principal AmountCoupon RateMaturity DatePrincipal Outstanding Balance at
Senior Unsecured Notes, netIssue DateJune 30, 2026December 31, 2025
2.250% Senior Notes due 2026 (a)
10/9/2018€500,000 2.250 %4/9/2026$— $587,500 
4.250% Senior Notes due 2026 (b)
9/12/2016$350,000 4.250 %10/1/2026350,000 350,000 
2.125% Senior Notes due 2027
3/6/2018€500,000 2.125 %4/15/2027569,700 587,500 
1.350% Senior Notes due 2028
9/19/2019€500,000 1.350 %4/15/2028569,700 587,500 
3.850% Senior Notes due 2029
6/14/2019$325,000 3.850 %7/15/2029325,000 325,000 
3.410% Senior Notes due 2029
9/28/2022€150,000 3.410 %9/28/2029170,910 176,250 
0.950% Senior Notes due 2030
3/8/2021€525,000 0.950 %6/1/2030598,185 616,875 
4.650% Senior Notes due 2030
7/10/2025$400,000 4.650 %7/15/2030400,000 400,000 
2.400% Senior Notes due 2031
10/14/2020$500,000 2.400 %2/1/2031500,000 500,000 
3.250% Senior Notes due 2031
2/24/2026€500,000 3.250 %10/2/2031569,700 — 
2.450% Senior Notes due 2032
10/15/2021$350,000 2.450 %2/1/2032350,000 350,000 
4.250% Senior Notes due 2032
5/16/2024€650,000 4.250 %7/23/2032740,610 763,750 
3.700% Senior Notes due 2032
9/28/2022€200,000 3.700 %9/28/2032227,880 235,000 
2.250% Senior Notes due 2033
2/25/2021$425,000 2.250 %4/1/2033425,000 425,000 
5.375% Senior Notes due 2034
6/28/2024$400,000 5.375 %6/30/2034400,000 400,000 
3.700% Senior Notes due 2034
11/19/2024€600,000 3.700 %11/19/2034683,640 705,000 
3.750% Senior Notes due 2035
2/24/2026€500,000 3.750 %5/10/2035569,700 — 
Total principal outstanding7,450,025 7,009,375 
Unamortized discount(38,784)(29,819)
Unamortized deferred financing costs(34,390)(29,295)
Total$7,376,851 $6,950,261 
__________
(a)In March 2026, we repaid our €500 million of 2.250% Senior Notes due 2026.
(b)In July 2026, we prepaid our $350 million of 4.250% Senior Notes due 2026 with no associated prepayment costs (Note 15).
Scheduled Debt Principal Payments
Scheduled debt principal payments as of June 30, 2026 are as follows (in thousands):
Years Ending December 31, Total
2026 (remainder)$353,581 
2027583,630 
20281,248,968 
20291,197,384 
20301,002,673 
Thereafter through 20354,547,225 
Total principal payments8,933,461 
Unamortized discount, net(46,587)
Unamortized deferred financing costs(35,023)
Total$8,851,851