
	June 30, 2026			December 31, 2025			Weighted Average Maturity In Years as of June 30, 2026

Term loan - variable rate, net (1)	$	597,474		$	596,668		4.2
Bonds public offering - fixed rate, net	4,971,809			5,419,253			7.2
Unsecured debt, net (2)	5,569,283			6,015,921
Lines of credit (3)	—			—
Commercial paper (4)	345,000			—
Mortgage notes payable, net (5)	784,217			784,348			7.5
Total debt, net	$	6,698,500		$	6,800,269
Weighted average interest rate on fixed rate unsecured bonds public offering	3.7		%	3.7		%
Weighted average interest rate on variable rate term loan	4.1		%	4.1		%
Weighted average interest rate on lines of credit	4.5		%	4.8		%
Weighted average interest rate on commercial paper	4.0		%	—		%
Weighted average interest rate on mortgage notes payable	4.3		%	4.4		%

(1)The $300.0 million unsecured term loan entered in May 2025 is priced at Secured Overnight Financing Rate (“SOFR”) plus 0.850% which is based on a tiered rate structure tied to the Company’s long-term unsecured credit rating and is swapped to an all-in rate of 4.1%. The Company may elect to increase this facility by up to an additional $300.0 million, to an aggregate size of $600.0 million, if the lenders permit. This term loan is scheduled to mature in May 2028, with two one-year extension options, exercisable at the option of the Company. The $300.0 million unsecured term loan entered in October 2022 is priced at SOFR plus 0.85% with a maturity date of January 2031, inclusive of extension options exercisable at the Company’s option. The interest rate is swapped to an all-in fixed rate of 4.0% through October 2026. In

April 2026, the Company entered into $200.0 million of replacement interest rate swaps, effective upon maturity of the existing swaps, at an average all-in fixed rate of 4.4% through January 2031.

(2)Unsecured debt, net, consists of fixed rate public bond offerings and a variable rate term loan which includes unamortized discounts, net of premiums of $3.1 million and $3.6 million, and unamortized debt issuance costs of $27.7 million and $30.4 million, as of June 30, 2026 and December 31, 2025, respectively.

(3)Lines of credit, related to the Company’s two lines of unsecured credit aggregating $1.58 billion as of June 30, 2026 and December 31, 2025, respectively, excluded unamortized debt issuance costs of $6.6 million and $7.3 million, respectively. These debt issuance costs are included in prepaid expenses and other assets in the condensed consolidated balance sheets. As of June 30, 2026, the Company’s $1.5 billion credit facility had an interest rate at SOFR plus 0.775%, which is based on a tiered rate structure tied to the Company’s long-term unsecured credit ratings. As of June 30, 2026, the Company’s $75.0 million working capital unsecured line of credit had an interest rate of SOFR plus 0.775%, which is based on a tiered rate structure tied to the Company’s long-term unsecured credit ratings.

(4)The Company has a commercial paper program under which it can issue unsecured short-term notes, which are backstopped by, and reduce the borrowing capacity of, the Company’s $1.5 billion unsecured line of credit facility. The Company can issue up to $750.0 million of commercial paper for up to 397 days from the date of issue. The commercial paper balance excludes unamortized debt issuance costs of $0.3 million and $0.4 million as of June 30, 2026 and December 31, 2025, respectively, and are included in prepaid expenses and other assets in the condensed consolidated balance sheets.