v3.26.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The fair value of the Company's debt was as follows (in thousands):
June 30, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Senior Notes, net$997,583 $975,558 $996,401 $970,000 
Revolver and Term Loans, net1,507,719 1,522,353 1,020,057 1,013,892 
Mortgage loans, net189,852 186,563 180,760 178,457 
Debt, net$2,695,154 $2,684,474 $2,197,218 $2,162,349 
Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company’s fair value hierarchy for those financial assets measured at fair value on a recurring basis as of June 30, 2026 (in thousands):
Fair Value at June 30, 2026
Level 1Level 2Level 3Total
Interest rate swap asset$— $6,832 $— $6,832 
Total$— $6,832 $— $6,832 
 
The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 (in thousands):
Fair Value at December 31, 2025
Level 1Level 2Level 3Total
Interest rate swap asset$— $2,360 $— $2,360 
Interest rate swap liability— (441)— (441)
Total$— $1,919 $— $1,919