v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements  
Summary of assets and liabilities measured at fair value on a recurring basis

Fair Value Measurements

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

(In thousands)

June 30, 2026

 

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

8,273

$

8,273

Classified as liabilities in "Other liabilities, net"

462

 

462

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

7,017

 

 

7,017

 

Classified as liabilities in "Other liabilities, net"

 

6,899

 

 

6,899

 

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

Derivative financial instruments designated as effective hedges:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

$

6,969

$

6,969

Classified as liabilities in "Other liabilities, net"

6,352

 

6,352

 

Non-designated derivatives:

 

  ​

 

  ​

 

  ​

 

  ​

Classified as assets in "Other assets, net"

 

6,125

 

 

6,125

 

Classified as liabilities in "Other liabilities, net"

 

5,998

 

 

5,998

 

Schedule of financial instruments and liabilities reflected in balance sheets

June 30, 2026

December 31, 2025

  ​ ​ ​

Carrying

  ​ ​ ​

  ​ ​ ​

Carrying

  ​ ​ ​

Amount (1)

Fair Value

Amount (1)

Fair Value

 

(In thousands)

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage loans

$

1,642,971

$

1,626,002

$

1,621,589

$

1,615,279

Revolving credit facility

 

210,000

 

209,496

 

205,000

 

204,344

Term loans

 

720,000

 

717,693

 

720,000

 

717,455

(1)The carrying amount consists of principal only.