SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

The following is a summary of our Senior notes payable and other debt (dollars in thousands):


	As of March 31, 2026		As of December 31, 2025
Unsecured revolving credit facility (1)	$	—	$	—
Commercial paper notes	65,000		—
4.125% Senior Notes due 2026	—		500,000
3.75% Exchangeable Senior Notes due 2026	856,099		862,500
3.25% Senior Notes due 2026	450,000		450,000
Unsecured term loan due February 2027	—		200,000
2.45% Senior Notes, Series G due 2027 (2)	341,383		346,109
3.85% Senior Notes due 2027	400,000		400,000
4.00% Senior Notes due 2028	650,000		650,000
5.398% Senior Notes, Series I due 2028 (2)	431,220		437,190
4.40% Senior Notes due 2029	750,000		750,000
5.10% Senior Notes, Series J due 2029 (2)	467,155		473,623
3.00% Senior Notes due 2030	650,000		650,000
4.75% Senior Notes due 2030	500,000		500,000
2.50% Senior Notes due 2031	500,000		500,000
3.30% Senior Notes, Series H due 2031 (2)	215,610		218,595
Unsecured term loan due January 2031	700,000		500,000
5.10% Senior Notes due 2032	500,000		500,000
5.625% Senior Notes due 2034	500,000		500,000
5.00% Senior Notes due 2035	550,000		550,000
5.00% Senior Notes due 2036	500,000		500,000
6.90% Senior Notes due 2037 (3)	52,400		52,400
6.59% Senior Notes due 2038 (3)	21,413		21,413
5.70% Senior Notes due 2043	300,000		300,000
4.375% Senior Notes due 2045	300,000		300,000
4.875% Senior Notes due 2049	300,000		300,000
Mortgage loans and other	2,607,064		2,641,797
Total	12,607,344		13,103,627
Deferred financing costs, net	(78,805)		(81,529)
Unamortized fair value adjustment	6,567		6,422
Unamortized discounts	(16,613)		(17,504)
Senior notes payable and other debt	$	12,518,493	$	13,011,016

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(1) As of March 31, 2026 and December 31, 2025, we had no Canadian Dollar or British Pound borrowings outstanding.

(2) British Pound and Canadian Dollar debt obligations shown in US Dollars.

(3) Our 6.90% Senior Notes due 2037 are subject to repurchase at the option of the holders, at par, on October 1, 2027, and our 6.59% Senior Notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7, 2028.

As of March 31, 2026, our indebtedness had the following maturities (dollars in thousands):


	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility and Commercial Paper Notes		Scheduled Periodic Amortization		Total Maturities
Remainder of 2026	$	1,563,661	$	—	$	35,930	$	1,599,591
2027	879,277		—		47,366		926,643
2028	1,448,786		65,000		40,228		1,554,014
2029	1,702,158		—		33,918		1,736,076
2030	1,382,634		—		23,015		1,405,649
Thereafter	5,304,344		—		81,027		5,385,371
Total maturities	$	12,280,860	$	65,000	$	261,484	$	12,607,344

The instruments governing our outstanding indebtedness contain covenants that limit our ability and the ability of certain of our subsidiaries to, among other things: (i) incur debt and certain liens; (ii) make certain dividends, distributions and investments; (iii) enter into certain transactions; and/or (iv) merge, consolidate or sell certain assets. Our credit facilities do, and certain of our other indebtedness may, require us to maintain certain financial covenants pertaining to, among other things, our consolidated total leverage, secured debt, unsecured debt, fixed charge coverage and net worth.