v3.26.1
Derivatives (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Amounts Paid and Received on Interest Rate Swap Transactions, Excluding Upfront Fees The following tables present the amounts paid and received on the Company’s interest rate swap transactions for the three and six months ended June 30, 2026 and 2025:

 

 

 

 

 

 

 

 

For the Three Months Ended June 30, 2026

 

 

For the Six Months Ended June 30, 2026

 

 

 

Maturity Date

 

Notional Amount

 

 

Paid

 

 

Received

 

 

Net

 

 

Paid

 

 

Received

 

 

Net

 

Interest rate swap

 

8/1/2026

 

$

300,000

 

 

$

(4,453

)

 

$

1,875

 

 

$

(2,578

)

 

$

(8,648

)

 

$

3,667

 

 

$

(4,981

)

Interest rate swap

 

8/14/2028

 

 

300,000

 

 

 

(5,081

)

 

 

5,213

 

 

 

132

 

 

 

(10,033

)

 

 

10,425

 

 

 

392

 

Interest rate swap

 

3/1/2029

 

 

350,000

 

 

 

(5,432

)

 

 

5,359

 

 

 

(73

)

 

 

(10,729

)

 

 

10,719

 

 

 

(10

)

Interest rate swap

 

8/15/2030

 

 

300,000

 

 

 

(3,957

)

 

 

4,219

 

 

 

262

 

 

 

(7,822

)

 

 

8,391

 

 

 

569

 

Interest rate swap

 

8/15/2031

 

 

300,000

 

 

 

(1,910

)

 

 

1,930

 

 

 

20

 

 

 

(1,910

)

 

 

1,930

 

 

 

20

 

Total

 

 

 

$

1,550,000

 

 

$

(20,833

)

 

$

18,596

 

 

$

(2,237

)

 

$

(39,142

)

 

$

35,132

 

 

$

(4,010

)

 

 

 

 

 

 

 

 

For the Three Months Ended June 30, 2025

 

 

For the Six Months Ended June 30, 2025

 

 

 

Maturity Date

 

Notional Amount

 

 

Paid

 

 

Received

 

 

Net

 

 

Paid

 

 

Received

 

 

Net

 

Interest rate swap

 

8/1/2026

 

$

300,000

 

 

$

(4,993

)

 

$

1,875

 

 

$

(3,118

)

 

$

(9,782

)

 

$

3,708

 

 

$

(6,074

)

Interest rate swap

 

8/14/2028

 

 

300,000

 

 

 

(5,622

)

 

 

5,213

 

 

 

(409

)

 

 

(11,075

)

 

 

10,425

 

 

 

(650

)

Interest rate swap

 

3/1/2029

 

 

350,000

 

 

 

(6,063

)

 

 

5,359

 

 

 

(704

)

 

 

(11,944

)

 

 

10,719

 

 

 

(1,225

)

Interest rate swap

 

8/15/2030

 

 

300,000

 

 

 

(4,498

)

 

 

4,219

 

 

 

(279

)

 

 

(5,864

)

 

 

5,625

 

 

 

(239

)

Total

 

 

 

$

1,250,000

 

 

$

(21,176

)

 

$

16,666

 

 

$

(4,510

)

 

$

(38,665

)

 

$

30,477

 

 

$

(8,188

)