The following table summarizes the Company’s outstanding debt as of June 30, 2026 (dollars in thousands):
|
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|
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|
|
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|
Balance |
|
|
Weighted Average Effective Rate |
|
|
Weighted Average Contract Maturity |
Unsecured debt |
|
|
|
|
|
|
|
|
Fixed rate senior notes |
|
$ |
4,600,000 |
|
|
|
3.8 |
% |
|
1/19/2032 |
Variable rate commercial paper program |
|
|
664,000 |
|
|
|
4.1 |
% |
|
7/8/2026 |
Variable rate term loan |
|
|
100,000 |
|
|
|
4.4 |
% |
|
11/15/2030 |
Debt issuance costs, discounts and premiums |
|
|
(32,555 |
) |
|
|
|
|
|
Total unsecured debt |
|
$ |
5,331,445 |
|
|
|
3.8 |
% |
|
|
Secured debt |
|
|
|
|
|
|
|
|
Fixed rate property mortgages |
|
$ |
363,293 |
|
|
|
4.4 |
% |
|
1/26/2049 |
Debt issuance costs |
|
|
(2,837 |
) |
|
|
|
|
|
Total secured debt |
|
$ |
360,456 |
|
|
|
4.4 |
% |
|
|
Total outstanding debt |
|
$ |
5,691,901 |
|
|
|
3.9 |
% |
|
|
|