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, excluding upfront fees, for the three and six months ended June 30, 2026 and 2025, respectively:

 

 

 

 

 

 

 

 

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

 

3/11/2029

 

$

600,000

 

 

$

(9,427

)

 

$

9,750

 

 

$

323

 

 

$

(18,619

)

 

$

19,500

 

 

$

881

 

Interest rate swap

 

3/11/2029

 

 

150,000

 

 

 

(2,247

)

 

 

2,438

 

 

 

191

 

 

 

(4,438

)

 

 

4,875

 

 

 

437

 

Interest rate swap

 

1/15/2030

 

 

600,000

 

 

 

(9,480

)

 

 

8,625

 

 

 

(855

)

 

 

(18,723

)

 

 

17,250

 

 

 

(1,473

)

Interest rate swap

 

7/15/2030

 

 

750,000

 

 

 

(10,817

)

 

 

11,485

 

 

 

668

 

 

 

(21,490

)

 

 

22,968

 

 

 

1,478

 

Total

 

 

 

$

2,100,000

 

 

$

(31,971

)

 

$

32,298

 

 

$

327

 

 

$

(63,270

)

 

$

64,593

 

 

$

1,323

 

 

 

 

 

 

 

 

 

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

 

3/11/2029

 

$

600,000

 

 

$

(10,508

)

 

$

9,750

 

 

$

(758

)

 

$

(20,701

)

 

$

19,500

 

 

$

(1,201

)

Interest rate swap

 

3/11/2029

 

 

150,000

 

 

 

(2,517

)

 

 

2,438

 

 

 

(79

)

 

 

(4,960

)

 

 

4,875

 

 

 

(85

)

Interest rate swap

 

1/15/2030

 

 

600,000

 

 

 

(10,561

)

 

 

8,625

 

 

 

(1,936

)

 

 

(20,805

)

 

 

17,250

 

 

 

(3,555

)

Interest rate swap

 

7/15/2030

 

 

750,000

 

 

 

(12,168

)

 

 

11,484

 

 

 

(684

)

 

 

(21,568

)

 

 

20,672

 

 

 

(896

)

Total

 

 

 

$

2,100,000

 

 

$

(35,754

)

 

$

32,297

 

 

$

(3,457

)

 

$

(68,034

)

 

$

62,297

 

 

$

(5,737

)