DEBT (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes the balance of the Company’s indebtedness as of June 30, 2026 and December 31, 2025 (dollars in thousands):


	June 30, 2026						December 31, 2025
	Principal Amount		Deferred Loan Fees		Carrying Amount		Principal Amount		Deferred Loan Fees		Carrying Amount
Senior unsecured notes payable	$	400,000	$	(1,740)	$	398,260	$	400,000	$	(2,184)	$	397,816
Senior unsecured term loan	500,000		(3,189)		496,811		500,000		(3,596)		496,404
Unsecured revolving credit facility(1)	310,000		—		310,000		—		—		—








	$	1,210,000	$	(4,929)	$	1,205,071	$	900,000	$	(5,780)	$	894,220

(1) Deferred financing fees are included in deferred financing costs, net on the balance sheet, and not reflected as a reduction to the unsecured revolving credit facility.

Schedule of Debt Maturities

The following is a schedule of maturities for the Company’s outstanding debt as of June 30, 2026 (dollars in thousands):


	Revolving Credit Facility		Term Loan		Senior Unsecured Notes		Total
2026 (six months remaining)	$	—	$	—	$	—	$	—
2027	—		—		—		—
2028	—		—		400,000		400,000
2029	310,000		—		—		310,000
2030	—		500,000		—		500,000

Thereafter	—		—		—		—
Total Debt	$	310,000	$	500,000	$	400,000	$	1,210,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details