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

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Fair Value Measurements

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Total

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Level 1

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Level 2

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Level 3

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(In thousands)

June 30, 2026

 

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Derivative financial instruments designated as effective hedges:

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Classified as assets in "Other assets, net"

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$

8,273

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—

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$

8,273

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—

Classified as liabilities in "Other liabilities, net"

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462

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—

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462

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—

Non-designated derivatives:

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Classified as assets in "Other assets, net"

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7,017

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—

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7,017

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—

Classified as liabilities in "Other liabilities, net"

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6,899

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—

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6,899

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—

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December 31, 2025

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Derivative financial instruments designated as effective hedges:

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Classified as assets in "Other assets, net"

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$

6,969

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—

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$

6,969

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—

Classified as liabilities in "Other liabilities, net"

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6,352

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—

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6,352

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—

Non-designated derivatives:

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Classified as assets in "Other assets, net"

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6,125

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—

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6,125

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—

Classified as liabilities in "Other liabilities, net"

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5,998

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—

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5,998

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—

Schedule of financial instruments and liabilities reflected in balance sheets

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June 30, 2026

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December 31, 2025

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Carrying

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Carrying

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Amount (1)

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Fair Value

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Amount (1)

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Fair Value

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(In thousands)

Financial liabilities:

 

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Mortgage loans

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$

1,642,971

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$

1,626,002

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$

1,621,589

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$

1,615,279

Revolving credit facility

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210,000

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209,496

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205,000

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204,344

Term loans

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720,000

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717,693

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720,000

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717,455

(1)The carrying amount consists of principal only.