v3.26.1
Fair Value Of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of carrying amount and fair value of financial instruments A summary of the carrying amount and fair value of our mortgages payable, notes payable and senior notes and debentures is as follows:
June 30, 2026December 31, 2025
Carrying
Value		Fair ValueCarrying
Value		Fair Value
(In thousands)
Mortgages and notes payable, net$1,801,227 $1,798,447 $1,579,090 $1,572,977 
Senior notes and debentures, net$2,488,519 $2,320,212 $2,887,190 $2,743,096 
Exchangeable senior notes, net$478,166 $531,953 $476,820 $492,912 
Summary of outstanding interest rate swap agreements
The following table is a summary of our outstanding interest rate swap agreements as of June 30, 2026:
Interest Rate SwapNotional AmountMaturity Date of Related Swap AgreementsWeighted Average Interest RateBalance Sheet LocationFair Value
(in millions)(in millions)
$750 million term loan$450.0 March 1, 20284.17 %Prepaid expenses and other assets$4.6 
Hoboken49.8 December 15, 20293.67 %Prepaid expenses and other assets3.4 
$499.8 $8.0 
Summary of financial assets that are measured at fair value on a recurring basis A summary of our net financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows:
June 30, 2026December 31, 2025
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(In thousands)
Interest rate swaps$— $8,030 $— $8,030 $— $2,601 $— $2,601