v3.26.3
Fair Value Of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of carrying amount and fair value of financial instruments A summary of the carrying amount and fair value of our mortgages payable, notes payable and senior notes and debentures is as follows:
September 30, 2026December 31, 2025
Carrying
Value		Fair ValueCarrying
Value		Fair Value
(In thousands)
Mortgages and notes payable, net$1,493,815 $1,491,507 $1,579,090 $1,572,977 
Senior notes and debentures, net$2,459,917 $2,213,590 $2,887,190 $2,743,096 
Exchangeable senior notes, net$929,852 $933,203 $476,820 $492,912 
Summary of outstanding interest rate swap agreements
The following table is a summary of our outstanding interest rate swap agreements as of September 30, 2026:
Interest Rate SwapNotional AmountMaturity Date of Related Swap AgreementsWeighted Average Interest RateBalance Sheet LocationFair Value
(In millions)(In millions)
$750 million term loan$450.0 March 1, 20284.17 %Prepaid expenses and other assets$7.6 
Hoboken49.4 December 15, 20293.67 %Prepaid expenses and other assets4.3 
$499.4 $11.9 
Summary of financial assets that are measured at fair value on a recurring basis A summary of our net financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows:
September 30, 2026December 31, 2025
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(In thousands)
Interest rate swaps$— $11,902 $— $11,902 $— $2,601 $— $2,601