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The interest rates applicable to any loans under the ABL Credit Facility are based, at the option of the borrowers, on (i) a floating rate based on Term SOFR (for loans denominated in U.S. dollars) or CORRA (for loans denominated in Canadian dollars) plus an initial margin of 1.375 % and a SOFR adjustment of 0.10 % per annum or (ii) a base rate plus an initial margin of 0.50 %, in each case, where margin is adjusted under the ABL Credit Facility based on the quarterly average excess availability under the ABL Credit Facility. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> The interest rates applicable to any loans under the ABL Credit Facility are based, at the option of the borrowers, on (i) a floating rate based on Term SOFR (for loans denominated in U.S. dollars) or CORRA (for loans denominated in Canadian dollars) plus an initial margin of 1.375 % and a SOFR adjustment of 0.10 % per annum or (ii) a base rate plus an initial margin of 0.50 %, in each case, where margin is adjusted under the ABL Credit Facility based on the quarterly average excess availability under the ABL Credit Facility. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The interest rates applicable to any loans under the ABL Credit Facility are based, at the option of the borrowers, on (i) a floating rate based on Term SOFR (for loans denominated in U.S. dollars) or CORRA (for loans denominated in Canadian dollars) plus an initial margin of 1.375 % and a SOFR adjustment of 0.10 % per annum or (ii) a base rate plus an initial margin of 0.50 %, in each case, where margin is adjusted under the ABL Credit Facility based on the quarterly average excess availability under the ABL Credit Facility. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> The interest rates applicable to any loans under the ABL Credit Facility are based, at the option of the borrowers, on (i) a floating rate based on Term SOFR (for loans denominated in U.S. dollars) or CORRA (for loans denominated in Canadian dollars) plus an initial margin of 1.375 % and a SOFR adjustment of 0.10 % per annum or (ii) a base rate plus an initial margin of 0.50 %, in each case, where margin is adjusted under the ABL Credit Facility based on the quarterly average excess availability under the ABL Credit Facility. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The accounts receivable securitization facility (the "AR Facility") was amended in August 2024 to extend the maturity date to August 31, 2025 and increase the aggregate commitments from $ 370 million to $ 400 million. In connection with the AR Facility, Herc sells its accounts receivables on an ongoing basis to Herc Receivables U.S. LLC, a wholly-owned special-purpose entity (the "SPE"). The SPE's sole business consists of the purchase by the SPE of accounts receivable from Herc and borrowing by the SPE against the eligible accounts receivable from the lenders under the facility. The borrowings are secured by liens on the accounts receivable and other assets of the SPE. Collections on the accounts receivable are used to service the borrowings. The SPE is a separate legal entity that is consolidated in the Company's financial statements. The SPE assets are owned by the SPE and are not available to settle the obligations of the Company or any of its other subsidiaries. Herc is the servicer of the accounts receivable under the AR Facility. All of the obligations of the servicer and certain indemnification obligations of the SPE under the agreements governing the AR Facility are guaranteed by Herc pursuant to a performance guarantee. The AR Facility is excluded from current maturities of long-term debt as the Company has the intent and ability to fund the AR Facility's borrowings on a long-term basis either by further extending the maturity date of the AR Facility or by utilizing the capacity available at the balance sheet date under the ABL Credit Facility. | text | 370 | monetaryItemType | text: <entity> 370 </entity> <entity type> monetaryItemType </entity type> <context> The accounts receivable securitization facility (the "AR Facility") was amended in August 2024 to extend the maturity date to August 31, 2025 and increase the aggregate commitments from $ 370 million to $ 400 million. In connection with the AR Facility, Herc sells its accounts receivables on an ongoing basis to Herc Receivables U.S. LLC, a wholly-owned special-purpose entity (the "SPE"). The SPE's sole business consists of the purchase by the SPE of accounts receivable from Herc and borrowing by the SPE against the eligible accounts receivable from the lenders under the facility. The borrowings are secured by liens on the accounts receivable and other assets of the SPE. Collections on the accounts receivable are used to service the borrowings. The SPE is a separate legal entity that is consolidated in the Company's financial statements. The SPE assets are owned by the SPE and are not available to settle the obligations of the Company or any of its other subsidiaries. Herc is the servicer of the accounts receivable under the AR Facility. All of the obligations of the servicer and certain indemnification obligations of the SPE under the agreements governing the AR Facility are guaranteed by Herc pursuant to a performance guarantee. The AR Facility is excluded from current maturities of long-term debt as the Company has the intent and ability to fund the AR Facility's borrowings on a long-term basis either by further extending the maturity date of the AR Facility or by utilizing the capacity available at the balance sheet date under the ABL Credit Facility. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The accounts receivable securitization facility (the "AR Facility") was amended in August 2024 to extend the maturity date to August 31, 2025 and increase the aggregate commitments from $ 370 million to $ 400 million. In connection with the AR Facility, Herc sells its accounts receivables on an ongoing basis to Herc Receivables U.S. LLC, a wholly-owned special-purpose entity (the "SPE"). The SPE's sole business consists of the purchase by the SPE of accounts receivable from Herc and borrowing by the SPE against the eligible accounts receivable from the lenders under the facility. The borrowings are secured by liens on the accounts receivable and other assets of the SPE. Collections on the accounts receivable are used to service the borrowings. The SPE is a separate legal entity that is consolidated in the Company's financial statements. The SPE assets are owned by the SPE and are not available to settle the obligations of the Company or any of its other subsidiaries. Herc is the servicer of the accounts receivable under the AR Facility. All of the obligations of the servicer and certain indemnification obligations of the SPE under the agreements governing the AR Facility are guaranteed by Herc pursuant to a performance guarantee. The AR Facility is excluded from current maturities of long-term debt as the Company has the intent and ability to fund the AR Facility's borrowings on a long-term basis either by further extending the maturity date of the AR Facility or by utilizing the capacity available at the balance sheet date under the ABL Credit Facility. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> The accounts receivable securitization facility (the "AR Facility") was amended in August 2024 to extend the maturity date to August 31, 2025 and increase the aggregate commitments from $ 370 million to $ 400 million. In connection with the AR Facility, Herc sells its accounts receivables on an ongoing basis to Herc Receivables U.S. LLC, a wholly-owned special-purpose entity (the "SPE"). The SPE's sole business consists of the purchase by the SPE of accounts receivable from Herc and borrowing by the SPE against the eligible accounts receivable from the lenders under the facility. The borrowings are secured by liens on the accounts receivable and other assets of the SPE. Collections on the accounts receivable are used to service the borrowings. The SPE is a separate legal entity that is consolidated in the Company's financial statements. The SPE assets are owned by the SPE and are not available to settle the obligations of the Company or any of its other subsidiaries. Herc is the servicer of the accounts receivable under the AR Facility. All of the obligations of the servicer and certain indemnification obligations of the SPE under the agreements governing the AR Facility are guaranteed by Herc pursuant to a performance guarantee. The AR Facility is excluded from current maturities of long-term debt as the Company has the intent and ability to fund the AR Facility's borrowings on a long-term basis either by further extending the maturity date of the AR Facility or by utilizing the capacity available at the balance sheet date under the ABL Credit Facility. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. | text | 23 | monetaryItemType | text: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> On July 1, 2016, the Company established the Herc Holdings Savings Plan covering all of its U.S. employees. Contributions to the plans are made by both the employee and the Company. Company contributions to these plans are based on the level of employee contributions and formulas determined by the Company. Expenses for the defined contribution plans for the years ended December 31, 2024, 2023 and 2022 were approximately $ 23 million, $ 20 million and $ 16 million, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The Company’s policy for funded plans is to contribute, at a minimum, amounts required by applicable laws, regulations and union agreements. The Plan represents approximately 99 % of the Company's defined benefit plan obligations and 100 % of its plan assets. The Company made cash contributions to the Plan of $ 4 million for each of 2024 and 2023, and no contributions for 2022. The level of future contributions will vary and is dependent on a number of factors including investment returns, interest rate fluctuations, plan demographics, funding regulations and the results of the final actuarial valuation. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> The Company’s policy for funded plans is to contribute, at a minimum, amounts required by applicable laws, regulations and union agreements. The Plan represents approximately 99 % of the Company's defined benefit plan obligations and 100 % of its plan assets. The Company made cash contributions to the Plan of $ 4 million for each of 2024 and 2023, and no contributions for 2022. The level of future contributions will vary and is dependent on a number of factors including investment returns, interest rate fluctuations, plan demographics, funding regulations and the results of the final actuarial valuation. </context> | us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations |
The Company’s policy for funded plans is to contribute, at a minimum, amounts required by applicable laws, regulations and union agreements. The Plan represents approximately 99 % of the Company's defined benefit plan obligations and 100 % of its plan assets. The Company made cash contributions to the Plan of $ 4 million for each of 2024 and 2023, and no contributions for 2022. The level of future contributions will vary and is dependent on a number of factors including investment returns, interest rate fluctuations, plan demographics, funding regulations and the results of the final actuarial valuation. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> The Company’s policy for funded plans is to contribute, at a minimum, amounts required by applicable laws, regulations and union agreements. The Plan represents approximately 99 % of the Company's defined benefit plan obligations and 100 % of its plan assets. The Company made cash contributions to the Plan of $ 4 million for each of 2024 and 2023, and no contributions for 2022. The level of future contributions will vary and is dependent on a number of factors including investment returns, interest rate fluctuations, plan demographics, funding regulations and the results of the final actuarial valuation. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. </context> | us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations |
The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. | text | 65 | percentItemType | text: <entity> 65 </entity> <entity type> percentItemType </entity type> <context> The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. </context> | us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations |
The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Plan currently has a target asset allocation of 25 % equity, 65 % fixed income, and 10 % in real assets. The equity portion of the assets are invested in a diversified public equity fund, including domestic and international holdings, that is both actively and passively managed. The fixed income portion of the assets are primarily invested in passively managed government bonds, actively managed treasury bond portfolios, and actively managed intermediate duration corporate credit fund. Additionally, monies are invested in corporate credit, securitized bonds, emerging market debt and other opportunistic bonds that are both public and private. The real assets portion of the assets are in an actively managed fund which allocates to both public and private real estate, infrastructure, and natural resources. A modest amount of cash is maintained to facilitate payment of benefits and plan expenses. </context> | us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations |
On May 17, 2018, the Herc Holdings Inc. 2018 Omnibus Incentive Plan (the "2018 Omnibus Plan") was approved and provides for grants of both equity and cash awards, including non-qualified stock options, incentive stock options, stock appreciation rights, performance awards (shares and units), restricted awards (shares and units) and deferred stock units to key executives, employees, non-management directors and non-employee consultants. The total number of common shares authorized for issuance under the 2018 Omnibus Plan is 2,200,000 , of which approximately 1,140,000 remains available as of December 31, 2024 for future incentive awards. | text | 2200000 | sharesItemType | text: <entity> 2200000 </entity> <entity type> sharesItemType </entity type> <context> On May 17, 2018, the Herc Holdings Inc. 2018 Omnibus Incentive Plan (the "2018 Omnibus Plan") was approved and provides for grants of both equity and cash awards, including non-qualified stock options, incentive stock options, stock appreciation rights, performance awards (shares and units), restricted awards (shares and units) and deferred stock units to key executives, employees, non-management directors and non-employee consultants. The total number of common shares authorized for issuance under the 2018 Omnibus Plan is 2,200,000 , of which approximately 1,140,000 remains available as of December 31, 2024 for future incentive awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
On May 17, 2018, the Herc Holdings Inc. 2018 Omnibus Incentive Plan (the "2018 Omnibus Plan") was approved and provides for grants of both equity and cash awards, including non-qualified stock options, incentive stock options, stock appreciation rights, performance awards (shares and units), restricted awards (shares and units) and deferred stock units to key executives, employees, non-management directors and non-employee consultants. The total number of common shares authorized for issuance under the 2018 Omnibus Plan is 2,200,000 , of which approximately 1,140,000 remains available as of December 31, 2024 for future incentive awards. | text | 1140000 | sharesItemType | text: <entity> 1140000 </entity> <entity type> sharesItemType </entity type> <context> On May 17, 2018, the Herc Holdings Inc. 2018 Omnibus Incentive Plan (the "2018 Omnibus Plan") was approved and provides for grants of both equity and cash awards, including non-qualified stock options, incentive stock options, stock appreciation rights, performance awards (shares and units), restricted awards (shares and units) and deferred stock units to key executives, employees, non-management directors and non-employee consultants. The total number of common shares authorized for issuance under the 2018 Omnibus Plan is 2,200,000 , of which approximately 1,140,000 remains available as of December 31, 2024 for future incentive awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
As of December 31, 2024, there was $ 16 million of total unrecognized compensation cost related to non-vested restricted stock units ("RSUs") and performance stock units ("PSUs"). The total unrecognized compensation cost is expected to be recognized over the remaining 1.4 years, on a weighted average basis, of the requisite service period that began on the grant dates. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was $ 16 million of total unrecognized compensation cost related to non-vested restricted stock units ("RSUs") and performance stock units ("PSUs"). The total unrecognized compensation cost is expected to be recognized over the remaining 1.4 years, on a weighted average basis, of the requisite service period that began on the grant dates. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
PSUs will vest based on the achievement of pre-determined performance goals over performance periods determined by the Company's Compensation Committee. Each of the units granted represent the right to receive one share of the Company's common stock on a specified future date. Compensation expense for PSUs is based on the grant date fair value and is recognized ratably over the approved vesting period. In addition to the service vesting condition, the PSUs have an additional vesting condition which stipulates the number of units to be awarded being based on the achievement of certain performance measures over the applicable measurement period and can range from 0 % to 200 % of the target. | text | 0 | percentItemType | text: <entity> 0 </entity> <entity type> percentItemType </entity type> <context> PSUs will vest based on the achievement of pre-determined performance goals over performance periods determined by the Company's Compensation Committee. Each of the units granted represent the right to receive one share of the Company's common stock on a specified future date. Compensation expense for PSUs is based on the grant date fair value and is recognized ratably over the approved vesting period. In addition to the service vesting condition, the PSUs have an additional vesting condition which stipulates the number of units to be awarded being based on the achievement of certain performance measures over the applicable measurement period and can range from 0 % to 200 % of the target. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
PSUs will vest based on the achievement of pre-determined performance goals over performance periods determined by the Company's Compensation Committee. Each of the units granted represent the right to receive one share of the Company's common stock on a specified future date. Compensation expense for PSUs is based on the grant date fair value and is recognized ratably over the approved vesting period. In addition to the service vesting condition, the PSUs have an additional vesting condition which stipulates the number of units to be awarded being based on the achievement of certain performance measures over the applicable measurement period and can range from 0 % to 200 % of the target. | text | 200 | percentItemType | text: <entity> 200 </entity> <entity type> percentItemType </entity type> <context> PSUs will vest based on the achievement of pre-determined performance goals over performance periods determined by the Company's Compensation Committee. Each of the units granted represent the right to receive one share of the Company's common stock on a specified future date. Compensation expense for PSUs is based on the grant date fair value and is recognized ratably over the approved vesting period. In addition to the service vesting condition, the PSUs have an additional vesting condition which stipulates the number of units to be awarded being based on the achievement of certain performance measures over the applicable measurement period and can range from 0 % to 200 % of the target. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 148.01 | perShareItemType | text: <entity> 148.01 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 155.80 | perShareItemType | text: <entity> 155.80 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 164.43 | perShareItemType | text: <entity> 164.43 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average per share grant-date fair values of PSUs granted during 2024, 2023 and 2022 were $ 148.01 , $ 155.80 and $ 164.43 , respectively. The total fair value of PSUs that vested during 2024, 2023 and 2022 were $ 12 million, $ 13 million and $ 5 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. | text | 152.88 | perShareItemType | text: <entity> 152.88 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. | text | 150.58 | perShareItemType | text: <entity> 150.58 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. | text | 155.68 | perShareItemType | text: <entity> 155.68 </entity> <entity type> perShareItemType </entity type> <context> The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average per share grant date fair values of RSUs granted during 2024, 2023 and 2022 were $ 152.88 , $ 150.58 and $ 155.68 , respectively. The total fair value of RSUs that vested during 2024, 2023 and 2022 was $ 10 million, $ 9 million and $ 9 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
Management also records deferred tax assets for unutilized net operating loss carryforwards in various tax jurisdictions. As of December 31, 2024, a deferred tax asset of $ 26 million was recorded for unutilized federal net operating loss carryforwards ("NOL carryforwards"). The total federal NOL carryforwards are $ 136 million and have an indefinite carryforward period. State NOL carryforwards have generated a deferred tax asset of $ 16 million and expire over various years beginning in 2025. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Management also records deferred tax assets for unutilized net operating loss carryforwards in various tax jurisdictions. As of December 31, 2024, a deferred tax asset of $ 26 million was recorded for unutilized federal net operating loss carryforwards ("NOL carryforwards"). The total federal NOL carryforwards are $ 136 million and have an indefinite carryforward period. State NOL carryforwards have generated a deferred tax asset of $ 16 million and expire over various years beginning in 2025. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsDomestic |
Management also records deferred tax assets for unutilized net operating loss carryforwards in various tax jurisdictions. As of December 31, 2024, a deferred tax asset of $ 26 million was recorded for unutilized federal net operating loss carryforwards ("NOL carryforwards"). The total federal NOL carryforwards are $ 136 million and have an indefinite carryforward period. State NOL carryforwards have generated a deferred tax asset of $ 16 million and expire over various years beginning in 2025. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Management also records deferred tax assets for unutilized net operating loss carryforwards in various tax jurisdictions. As of December 31, 2024, a deferred tax asset of $ 26 million was recorded for unutilized federal net operating loss carryforwards ("NOL carryforwards"). The total federal NOL carryforwards are $ 136 million and have an indefinite carryforward period. State NOL carryforwards have generated a deferred tax asset of $ 16 million and expire over various years beginning in 2025. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
As of December 31, 2024, deferred tax assets of $ 5 million were recorded for federal and various state tax credit carryforwards and expire in various years beginning in 2036. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, deferred tax assets of $ 5 million were recorded for federal and various state tax credit carryforwards and expire in various years beginning in 2036. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax |
In determining the valuation allowance, an assessment of positive and negative evidence was performed regarding realization of the net deferred tax assets in accordance with Topic 740. This assessment included the evaluation of scheduled reversals of deferred tax liabilities, the availability of carryforwards and estimates of projected future taxable income. Based on the assessment, as of December 31, 2024, total valuation allowances of $ 5 million were recorded against deferred tax assets. Although realization is not assured, the Company has concluded that it is more likely than not the remaining deferred tax assets of $ 415 million will be realized and as such no valuation allowance has been provided on these assets. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> In determining the valuation allowance, an assessment of positive and negative evidence was performed regarding realization of the net deferred tax assets in accordance with Topic 740. This assessment included the evaluation of scheduled reversals of deferred tax liabilities, the availability of carryforwards and estimates of projected future taxable income. Based on the assessment, as of December 31, 2024, total valuation allowances of $ 5 million were recorded against deferred tax assets. Although realization is not assured, the Company has concluded that it is more likely than not the remaining deferred tax assets of $ 415 million will be realized and as such no valuation allowance has been provided on these assets. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
In determining the valuation allowance, an assessment of positive and negative evidence was performed regarding realization of the net deferred tax assets in accordance with Topic 740. This assessment included the evaluation of scheduled reversals of deferred tax liabilities, the availability of carryforwards and estimates of projected future taxable income. Based on the assessment, as of December 31, 2024, total valuation allowances of $ 5 million were recorded against deferred tax assets. Although realization is not assured, the Company has concluded that it is more likely than not the remaining deferred tax assets of $ 415 million will be realized and as such no valuation allowance has been provided on these assets. | text | 415 | monetaryItemType | text: <entity> 415 </entity> <entity type> monetaryItemType </entity type> <context> In determining the valuation allowance, an assessment of positive and negative evidence was performed regarding realization of the net deferred tax assets in accordance with Topic 740. This assessment included the evaluation of scheduled reversals of deferred tax liabilities, the availability of carryforwards and estimates of projected future taxable income. Based on the assessment, as of December 31, 2024, total valuation allowances of $ 5 million were recorded against deferred tax assets. Although realization is not assured, the Company has concluded that it is more likely than not the remaining deferred tax assets of $ 415 million will be realized and as such no valuation allowance has been provided on these assets. </context> | us-gaap:DeferredTaxAssetsNet |
The total cumulative amount of unrecognized tax benefits is $ 15 million and $ 12 million as of December 31, 2024 and 2023, respectively. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The total cumulative amount of unrecognized tax benefits is $ 15 million and $ 12 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefits |
The total cumulative amount of unrecognized tax benefits is $ 15 million and $ 12 million as of December 31, 2024 and 2023, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The total cumulative amount of unrecognized tax benefits is $ 15 million and $ 12 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefits |
Cash equivalents primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company measures the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had $ 27 million and $ 31 million in cash equivalents at December 31, 2024 and 2023, respectively. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Cash equivalents primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company measures the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had $ 27 million and $ 31 million in cash equivalents at December 31, 2024 and 2023, respectively. </context> | us-gaap:CashAndCashEquivalentsFairValueDisclosure |
Cash equivalents primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company measures the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had $ 27 million and $ 31 million in cash equivalents at December 31, 2024 and 2023, respectively. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Cash equivalents primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company measures the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had $ 27 million and $ 31 million in cash equivalents at December 31, 2024 and 2023, respectively. </context> | us-gaap:CashAndCashEquivalentsFairValueDisclosure |
, and used the management approach in determining its reportable segments. The Company has determined that it has two operating segments that are aggregated into one reportable segment: equipment rental. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> , and used the management approach in determining its reportable segments. The Company has determined that it has two operating segments that are aggregated into one reportable segment: equipment rental. </context> | us-gaap:NumberOfOperatingSegments |
, and used the management approach in determining its reportable segments. The Company has determined that it has two operating segments that are aggregated into one reportable segment: equipment rental. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> , and used the management approach in determining its reportable segments. The Company has determined that it has two operating segments that are aggregated into one reportable segment: equipment rental. </context> | us-gaap:NumberOfReportableSegments |
Federal Realty Investment Trust (the “Parent Company” and "Trust") is an equity real estate investment trust (“REIT”). Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operating and owns all of its assets. The Parent Company owns 100 % of the limited liability company interests of, is sole member of, and exercises control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership. Our properties are located primarily in communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of December 31, 2024, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 102 predominantly retail real estate projects. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> Federal Realty Investment Trust (the “Parent Company” and "Trust") is an equity real estate investment trust (“REIT”). Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operating and owns all of its assets. The Parent Company owns 100 % of the limited liability company interests of, is sole member of, and exercises control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership. Our properties are located primarily in communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of December 31, 2024, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 102 predominantly retail real estate projects. </context> | us-gaap:LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest |
Federal Realty Investment Trust (the “Parent Company” and "Trust") is an equity real estate investment trust (“REIT”). Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operating and owns all of its assets. The Parent Company owns 100 % of the limited liability company interests of, is sole member of, and exercises control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership. Our properties are located primarily in communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of December 31, 2024, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 102 predominantly retail real estate projects. | text | 102 | integerItemType | text: <entity> 102 </entity> <entity type> integerItemType </entity type> <context> Federal Realty Investment Trust (the “Parent Company” and "Trust") is an equity real estate investment trust (“REIT”). Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operating and owns all of its assets. The Parent Company owns 100 % of the limited liability company interests of, is sole member of, and exercises control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership. Our properties are located primarily in communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of December 31, 2024, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 102 predominantly retail real estate projects. </context> | us-gaap:NumberOfRealEstateProperties |
We define cash and cash equivalents as cash on hand, demand deposits with financial institutions and short term liquid investments with an initial maturity, when purchased, under three months. Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”). At December 31, 2024, we had $ 129.3 million in excess of the FDIC insured limit. | text | 129.3 | monetaryItemType | text: <entity> 129.3 </entity> <entity type> monetaryItemType </entity type> <context> We define cash and cash equivalents as cash on hand, demand deposits with financial institutions and short term liquid investments with an initial maturity, when purchased, under three months. Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”). At December 31, 2024, we had $ 129.3 million in excess of the FDIC insured limit. </context> | us-gaap:CashUninsuredAmount |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 3.67 | percentItemType | text: <entity> 3.67 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:DerivativeFixedInterestRate |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 5.03 | percentItemType | text: <entity> 5.03 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:DerivativeFixedInterestRate |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:PercentageOfDebtHedgedByInterestRateDerivatives |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 6.39 | percentItemType | text: <entity> 6.39 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:DerivativeFixedInterestRate |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:PercentageOfDebtHedgedByInterestRateDerivatives |
At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. | text | 6.03 | percentItemType | text: <entity> 6.03 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, we have two interest rate swap agreements that effectively fix the interest rate on a mortgage payable associated with our Hoboken property at 3.67 %, and three interest rate swap agreements that effectively fix the interest rate on a mortgage payable secured by our Bethesda Row property at a weighted average interest rate of 5.03 % through the initial maturity date. As of December 31, 2024, our Assembly Row hotel joint venture is a party to two interest rate swap agreements that effectively fix the interest rate on 100 % of the joint venture's mortgage debt through May 2025 at 6.39 %, and 50 % of its outstanding debt from June 2025 through May 2028 at 6.03 %. All swaps were designated and qualify as cash flow hedges. Hedge ineffectiveness has not impacted earnings in 2024, 2023 and 2022. </context> | us-gaap:DerivativeFixedInterestRate |
Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. | text | 29.4 | monetaryItemType | text: <entity> 29.4 </entity> <entity type> monetaryItemType </entity type> <context> Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. | text | 30.9 | monetaryItemType | text: <entity> 30.9 </entity> <entity type> monetaryItemType </entity type> <context> Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. | text | 9.1 | monetaryItemType | text: <entity> 9.1 </entity> <entity type> monetaryItemType </entity type> <context> Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. | text | 9.2 | monetaryItemType | text: <entity> 9.2 </entity> <entity type> monetaryItemType </entity type> <context> Our equity method investments in the Assembly Row hotel joint venture, the La Alameda shopping center, the Chandler Festival and Chandler Gateway shopping centers, and our mortgage notes receivable are considered variable interests in a VIE. As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2024 and 2023, our investment in the equity method joint ventures and maximum exposure to loss was $ 29.4 million and $ 30.9 million, respectively. As of December 31, 2024 and 2023, our investment in mortgage notes receivable and maximum exposure to loss was $ 9.1 million and $ 9.2 million, respectively. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
No individual commercial or residential property constitutes more than 10% of our revenues or property operating income and we have no operations outside of the United States of America. We do not distinguish or group our operations on a geographical basis for purposes of allocation of resources or capital. Therefore, we have aggregated our properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies and are typically located in major metropolitan areas. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> No individual commercial or residential property constitutes more than 10% of our revenues or property operating income and we have no operations outside of the United States of America. We do not distinguish or group our operations on a geographical basis for purposes of allocation of resources or capital. Therefore, we have aggregated our properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies and are typically located in major metropolitan areas. </context> | us-gaap:NumberOfReportableSegments |
On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the "Notes") in a private placement (see Note 5 for additional information). We account for our Notes in accordance with ASC 470-20, | text | 485.0 | monetaryItemType | text: <entity> 485.0 </entity> <entity type> monetaryItemType </entity type> <context> On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the "Notes") in a private placement (see Note 5 for additional information). We account for our Notes in accordance with ASC 470-20, </context> | us-gaap:ProceedsFromIssuanceOfDebt |
On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the "Notes") in a private placement (see Note 5 for additional information). We account for our Notes in accordance with ASC 470-20, | text | 3.25 | percentItemType | text: <entity> 3.25 </entity> <entity type> percentItemType </entity type> <context> On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the "Notes") in a private placement (see Note 5 for additional information). We account for our Notes in accordance with ASC 470-20, </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On May 31, 2024, we acquired the fee interest in Virginia Gateway, which is comprised of five adjacent shopping centers in Gainesville, Virginia, totaling 664,000 square feet, for $ 215.0 million. Approximately $ 21.1 million and $ 0.4 million of net | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2024, we acquired the fee interest in Virginia Gateway, which is comprised of five adjacent shopping centers in Gainesville, Virginia, totaling 664,000 square feet, for $ 215.0 million. Approximately $ 21.1 million and $ 0.4 million of net </context> | us-gaap:FinitelivedIntangibleAssetsAcquired1 |
assets acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 13.3 million of net assets acquired were allocated to other liabilities for "below market leases." | text | 13.3 | monetaryItemType | text: <entity> 13.3 </entity> <entity type> monetaryItemType </entity type> <context> assets acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 13.3 million of net assets acquired were allocated to other liabilities for "below market leases." </context> | us-gaap:BelowMarketLeaseAcquired |
On July 31, 2024, we acquired the fee interest in Pinole Vista Crossing, a 216,000 square foot retail shopping center in Pinole, California for $ 60.0 million. Approximately $ 5.7 million of net assets acquired were allocated to other assets for "acquired lease costs," and $ 4.0 million of net assets acquired were allocated to other liabilities for "below market leases." | text | 4.0 | monetaryItemType | text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2024, we acquired the fee interest in Pinole Vista Crossing, a 216,000 square foot retail shopping center in Pinole, California for $ 60.0 million. Approximately $ 5.7 million of net assets acquired were allocated to other assets for "acquired lease costs," and $ 4.0 million of net assets acquired were allocated to other liabilities for "below market leases." </context> | us-gaap:BelowMarketLeaseAcquired |
On January 31, 2023, we acquired the 168,000 square foot portion of Huntington Square shopping center that was not previously owned, as well as the fee interest in the land underneath the portion of the shopping center which we controlled under a long-term ground lease for $ 35.5 million. As a result of this transaction, we now own the entire fee interest in this 243,000 square foot property and the "operating lease right of use assets, net" on our consolidated balance sheet decreased by $ 5.3 million. Approximately $ 4.1 million and $ 1.3 million of net assets acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> On January 31, 2023, we acquired the 168,000 square foot portion of Huntington Square shopping center that was not previously owned, as well as the fee interest in the land underneath the portion of the shopping center which we controlled under a long-term ground lease for $ 35.5 million. As a result of this transaction, we now own the entire fee interest in this 243,000 square foot property and the "operating lease right of use assets, net" on our consolidated balance sheet decreased by $ 5.3 million. Approximately $ 4.1 million and $ 1.3 million of net assets acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively. </context> | us-gaap:FinitelivedIntangibleAssetsAcquired1 |
On May 26, 2023, we exercised our option and acquired the 22.3 % tenancy in common ("TIC") interest from our co-owner at Escondido Promenade, as discussed in our 2023 Form 10-K, for $ 30.5 million, bringing our ownership interest to 100 %. As a result of the transaction, we gained control of this property, and effective May 26, 2023, we have consolidated this property. Approximately $ 1.8 million and $ 0.2 million of net assets associated with the 22.3 % interest acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 1.1 million of net assets associated with the 22.3 % interest acquired were allocated to other liabilities for "below market leases." | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2023, we exercised our option and acquired the 22.3 % tenancy in common ("TIC") interest from our co-owner at Escondido Promenade, as discussed in our 2023 Form 10-K, for $ 30.5 million, bringing our ownership interest to 100 %. As a result of the transaction, we gained control of this property, and effective May 26, 2023, we have consolidated this property. Approximately $ 1.8 million and $ 0.2 million of net assets associated with the 22.3 % interest acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 1.1 million of net assets associated with the 22.3 % interest acquired were allocated to other liabilities for "below market leases." </context> | us-gaap:FinitelivedIntangibleAssetsAcquired1 |
On May 26, 2023, we exercised our option and acquired the 22.3 % tenancy in common ("TIC") interest from our co-owner at Escondido Promenade, as discussed in our 2023 Form 10-K, for $ 30.5 million, bringing our ownership interest to 100 %. As a result of the transaction, we gained control of this property, and effective May 26, 2023, we have consolidated this property. Approximately $ 1.8 million and $ 0.2 million of net assets associated with the 22.3 % interest acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 1.1 million of net assets associated with the 22.3 % interest acquired were allocated to other liabilities for "below market leases." | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2023, we exercised our option and acquired the 22.3 % tenancy in common ("TIC") interest from our co-owner at Escondido Promenade, as discussed in our 2023 Form 10-K, for $ 30.5 million, bringing our ownership interest to 100 %. As a result of the transaction, we gained control of this property, and effective May 26, 2023, we have consolidated this property. Approximately $ 1.8 million and $ 0.2 million of net assets associated with the 22.3 % interest acquired were allocated to other assets for "acquired lease costs" and "above market leases," respectively, and $ 1.1 million of net assets associated with the 22.3 % interest acquired were allocated to other liabilities for "below market leases." </context> | us-gaap:BelowMarketLeaseAcquired |
On October 12, 2023, we acquired the fee interest under a portion of our Mercer on One (formerly Mercer Mall) shopping center for $ 55.0 million pursuant to the purchase option included in the master lease. As a result of this transaction, "finance lease right of use assets, net" of $ 37.8 million were allocated to "operating real estate" and "finance lease liabilities" decreased by $ 55.0 million. | text | 55.0 | monetaryItemType | text: <entity> 55.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 12, 2023, we acquired the fee interest under a portion of our Mercer on One (formerly Mercer Mall) shopping center for $ 55.0 million pursuant to the purchase option included in the master lease. As a result of this transaction, "finance lease right of use assets, net" of $ 37.8 million were allocated to "operating real estate" and "finance lease liabilities" decreased by $ 55.0 million. </context> | us-gaap:FinanceLeasePrincipalPayments |
During the year ended December 31, 2023, we sold our Town Center of New Britain property and a portion of our Third Street Promenade property for sales prices totaling $ 30.4 million, resulting in net gains totaling approximately $ 9.7 million. | text | 9.7 | monetaryItemType | text: <entity> 9.7 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we sold our Town Center of New Britain property and a portion of our Third Street Promenade property for sales prices totaling $ 30.4 million, resulting in net gains totaling approximately $ 9.7 million. </context> | us-gaap:GainLossOnSaleOfProperties |
The interest rate on this mortgage loan is fixed at a weighted average interest rate of 5.03 % through the initial maturity date through three interest rate swap agreements. We have two one-year extensions, at our option to extend the maturity date of this mortgage loan to December 28, 2027. | text | 5.03 | percentItemType | text: <entity> 5.03 </entity> <entity type> percentItemType </entity type> <context> The interest rate on this mortgage loan is fixed at a weighted average interest rate of 5.03 % through the initial maturity date through three interest rate swap agreements. We have two one-year extensions, at our option to extend the maturity date of this mortgage loan to December 28, 2027. </context> | us-gaap:DerivativeFixedInterestRate |
The interest rate on this mortgage loan is fixed at a weighted average interest rate of 5.03 % through the initial maturity date through three interest rate swap agreements. We have two one-year extensions, at our option to extend the maturity date of this mortgage loan to December 28, 2027. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> The interest rate on this mortgage loan is fixed at a weighted average interest rate of 5.03 % through the initial maturity date through three interest rate swap agreements. We have two one-year extensions, at our option to extend the maturity date of this mortgage loan to December 28, 2027. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
The interest rate on this mortgage loan is fixed at 3.67 % through two interest rate swap agreements. | text | 3.67 | percentItemType | text: <entity> 3.67 </entity> <entity type> percentItemType </entity type> <context> The interest rate on this mortgage loan is fixed at 3.67 % through two interest rate swap agreements. </context> | us-gaap:DerivativeFixedInterestRate |
The interest rate on this mortgage loan is fixed at 3.67 % through two interest rate swap agreements. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> The interest rate on this mortgage loan is fixed at 3.67 % through two interest rate swap agreements. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
The interest rates on these mortgages range from 3.91 % to 5.00 %. | text | 3.91 | percentItemType | text: <entity> 3.91 </entity> <entity type> percentItemType </entity type> <context> The interest rates on these mortgages range from 3.91 % to 5.00 %. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The interest rates on these mortgages range from 3.91 % to 5.00 %. | text | 5.00 | percentItemType | text: <entity> 5.00 </entity> <entity type> percentItemType </entity type> <context> The interest rates on these mortgages range from 3.91 % to 5.00 %. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The maximum amount drawn under our revolving credit facility during the year ended December 31, 2024 was $ 202.7 million and the weighted average interest rate on borrowings under our revolving credit facility, before amortization of debt fees, was 6.1 %. | text | 202.7 | monetaryItemType | text: <entity> 202.7 </entity> <entity type> monetaryItemType </entity type> <context> The maximum amount drawn under our revolving credit facility during the year ended December 31, 2024 was $ 202.7 million and the weighted average interest rate on borrowings under our revolving credit facility, before amortization of debt fees, was 6.1 %. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the “Notes”) in a private placement. The notes bear interest at an annual rate of 3.25 %, payable semiannually in arrears on January 15 | text | 485.0 | monetaryItemType | text: <entity> 485.0 </entity> <entity type> monetaryItemType </entity type> <context> On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the “Notes”) in a private placement. The notes bear interest at an annual rate of 3.25 %, payable semiannually in arrears on January 15 </context> | us-gaap:ProceedsFromIssuanceOfDebt |
On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the “Notes”) in a private placement. The notes bear interest at an annual rate of 3.25 %, payable semiannually in arrears on January 15 | text | 3.25 | percentItemType | text: <entity> 3.25 </entity> <entity type> percentItemType </entity type> <context> On January 11, 2024, our Operating Partnership issued $ 485.0 million aggregate principal amount of 3.25 % Exchangeable Senior Notes due 2029 (the “Notes”) in a private placement. The notes bear interest at an annual rate of 3.25 %, payable semiannually in arrears on January 15 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. | text | 471.5 | monetaryItemType | text: <entity> 471.5 </entity> <entity type> monetaryItemType </entity type> <context> of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. </context> | us-gaap:ProceedsFromDebtNetOfIssuanceCosts |
of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. | text | 2.6 | monetaryItemType | text: <entity> 2.6 </entity> <entity type> monetaryItemType </entity type> <context> of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. </context> | us-gaap:AmortizationOfFinancingCosts |
of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. | text | 17.9 | monetaryItemType | text: <entity> 17.9 </entity> <entity type> monetaryItemType </entity type> <context> of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. </context> | us-gaap:InterestExpenseDebt |
of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. | text | 3.9 | percentItemType | text: <entity> 3.9 </entity> <entity type> percentItemType </entity type> <context> of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. | text | 10.9 | monetaryItemType | text: <entity> 10.9 </entity> <entity type> monetaryItemType </entity type> <context> of each year, beginning July 15, 2024. The notes mature on January 15, 2029, unless earlier exchanged, purchased, or redeemed. Net proceeds after the initial purchaser's discount and offering costs were approximately $ 471.5 million. Interest expense, including $ 2.6 million of debt issuance cost amortization, was $ 17.9 million related to these Notes for the year ended December 31, 2024. Including the debt issuance cost amortization, the current effective interest rate on these notes is approximately 3.9 %. The unamortized debt issuance costs related to the Notes were $ 10.9 million at December 31, 2024. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. | text | 1000 | monetaryItemType | text: <entity> 1000 </entity> <entity type> monetaryItemType </entity type> <context> Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. </context> | us-gaap:DebtConversionConvertedInstrumentAmount1 |
Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. | text | 122.80 | perShareItemType | text: <entity> 122.80 </entity> <entity type> perShareItemType </entity type> <context> Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. | text | 102.33 | perShareItemType | text: <entity> 102.33 </entity> <entity type> perShareItemType </entity type> <context> Prior to the close of business on July 15, 2028, the Notes will be exchangeable at the option of the holders only upon certain circumstances and during certain periods. On or after July 15, 2028, until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes, holders may exchange their Notes at any time. The Operating Partnership will settle exchanges of the Notes by delivering cash up to the principal amount of the Notes exchanged, and if applicable, cash, common shares of the Trust, or a combination thereof at our option, in respect of the remainder, if any, of the exchange obligation in excess of the principal amount. If we elect to settle any portion of the exchange obligation in excess of the principal amount with shares of the Trust, an equivalent number of common units will be issued by the Operating Partnership to the Trust. The exchange rate initially equals 8.1436 common shares per $ 1,000 principal amount of the Notes (which is equivalent to an exchange price of approximately $ 122.80 per common share and reflects an exchange premium of approximately 20 % based on the closing price of $ 102.33 on January 8, 2024). The initial exchange rate is subject to adjustment upon the occurrence of certain events, including in the event of a payment of a quarterly common dividend in excess of $ 1.09 per share, but will not be adjusted for any accrued and unpaid interest. While our quarterly common dividend per share currently exceeds $ 1.09 , the exchange rate has not materially changed. </context> | us-gaap:SharePrice |
The Operating Partnership may redeem the Notes, at its option, in whole or in part, on or after January 20, 2027 if the last reported sales price of the common shares has been at least 130 % of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 day consecutive trading period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Operating Partnership provides notice of redemption. The redemption price will be equal to 100 % of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding the redemption date. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> The Operating Partnership may redeem the Notes, at its option, in whole or in part, on or after January 20, 2027 if the last reported sales price of the common shares has been at least 130 % of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 day consecutive trading period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Operating Partnership provides notice of redemption. The redemption price will be equal to 100 % of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding the redemption date. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
In connection with the Notes, we entered into privately negotiated capped call transactions with certain of the initial purchasers of the notes or their affiliates or other financial institutions. The capped call transactions cover, subject to customary adjustments, the number of our common shares that initially underlie the Notes. The capped call transactions are expected generally to reduce the potential dilution to our common shares upon exchange of any Notes and/or offset any cash payments we are required to make in excess of the principal amount of the Notes, with such reduction and/or offset subject to a cap. The cap price of the capped call transaction initially is approximately $ 143.26 per share, which represents a premium of approximately 40 % over the last reported sale price of our common shares of $ 102.33 on the New York Stock Exchange on January 8, 2024, and is subject to certain adjustments under the terms of the capped call transactions. A portion of the proceeds from the Notes were used to pay the capped call premium of $ 19.4 million, which will be recorded in shareholders' equity for the Trust and capital for the Operating Partnership. | text | 102.33 | perShareItemType | text: <entity> 102.33 </entity> <entity type> perShareItemType </entity type> <context> In connection with the Notes, we entered into privately negotiated capped call transactions with certain of the initial purchasers of the notes or their affiliates or other financial institutions. The capped call transactions cover, subject to customary adjustments, the number of our common shares that initially underlie the Notes. The capped call transactions are expected generally to reduce the potential dilution to our common shares upon exchange of any Notes and/or offset any cash payments we are required to make in excess of the principal amount of the Notes, with such reduction and/or offset subject to a cap. The cap price of the capped call transaction initially is approximately $ 143.26 per share, which represents a premium of approximately 40 % over the last reported sale price of our common shares of $ 102.33 on the New York Stock Exchange on January 8, 2024, and is subject to certain adjustments under the terms of the capped call transactions. A portion of the proceeds from the Notes were used to pay the capped call premium of $ 19.4 million, which will be recorded in shareholders' equity for the Trust and capital for the Operating Partnership. </context> | us-gaap:SharePrice |
On January 16, 2024, we repaid the $ 600.0 million 3.95 % senior unsecured notes at maturity. | text | 600.0 | monetaryItemType | text: <entity> 600.0 </entity> <entity type> monetaryItemType </entity type> <context> On January 16, 2024, we repaid the $ 600.0 million 3.95 % senior unsecured notes at maturity. </context> | us-gaap:RepaymentsOfUnsecuredDebt |
On January 16, 2024, we repaid the $ 600.0 million 3.95 % senior unsecured notes at maturity. | text | 3.95 | percentItemType | text: <entity> 3.95 </entity> <entity type> percentItemType </entity type> <context> On January 16, 2024, we repaid the $ 600.0 million 3.95 % senior unsecured notes at maturity. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 6, 2024, we exercised our first option and extended the maturity date of our $ 600.0 million unsecured term loan to April 16, 2025, with an additional one year extension at our option still available to further extend the loan to April 16, 2026. | text | 600.0 | monetaryItemType | text: <entity> 600.0 </entity> <entity type> monetaryItemType </entity type> <context> On February 6, 2024, we exercised our first option and extended the maturity date of our $ 600.0 million unsecured term loan to April 16, 2025, with an additional one year extension at our option still available to further extend the loan to April 16, 2026. </context> | us-gaap:OtherNotesPayable |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 202.7 | monetaryItemType | text: <entity> 202.7 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 115.5 | monetaryItemType | text: <entity> 115.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 330.0 | monetaryItemType | text: <entity> 330.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 33.5 | monetaryItemType | text: <entity> 33.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityAverageOutstandingAmount |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 44.7 | monetaryItemType | text: <entity> 44.7 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityAverageOutstandingAmount |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | 80.3 | monetaryItemType | text: <entity> 80.3 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCreditFacilityAverageOutstandingAmount |
During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $ 202.7 million, $ 115.5 million and $ 330.0 million, respectively. The weighted average amount of borrowings outstanding was $ 33.5 million, $ 44.7 million and $ 80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1 %, 5.9 % and 3.2 %, respectively. The revolving credit facility requires an annual facility fee which is $ 1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding. </context> | us-gaap:LineOfCredit |
Our $ 200.0 million mortgage loan secured by Bethesda Row matures on December 28, 2025 plus two one-year extensions, at our option to December 28, 2027. | text | 200.0 | monetaryItemType | text: <entity> 200.0 </entity> <entity type> monetaryItemType </entity type> <context> Our $ 200.0 million mortgage loan secured by Bethesda Row matures on December 28, 2025 plus two one-year extensions, at our option to December 28, 2027. </context> | us-gaap:DebtInstrumentCarryingAmount |
Our $ 600.0 million term loan matures on April 16, 2025, plus one one-year extension at our option to April 16, 2026. | text | 600.0 | monetaryItemType | text: <entity> 600.0 </entity> <entity type> monetaryItemType </entity type> <context> Our $ 600.0 million term loan matures on April 16, 2025, plus one one-year extension at our option to April 16, 2026. </context> | us-gaap:OtherNotesPayable |
Our $ 1.25 billion revolving credit facility matures on April 5, 2027 plus two six-month extensions, at our option to April 5, 2028. As of December 31, 2024, there was no balance outstanding under this credit facility. | text | 1.25 | monetaryItemType | text: <entity> 1.25 </entity> <entity type> monetaryItemType </entity type> <context> Our $ 1.25 billion revolving credit facility matures on April 5, 2027 plus two six-month extensions, at our option to April 5, 2028. As of December 31, 2024, there was no balance outstanding under this credit facility. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Our $ 1.25 billion revolving credit facility matures on April 5, 2027 plus two six-month extensions, at our option to April 5, 2028. As of December 31, 2024, there was no balance outstanding under this credit facility. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> Our $ 1.25 billion revolving credit facility matures on April 5, 2027 plus two six-month extensions, at our option to April 5, 2028. As of December 31, 2024, there was no balance outstanding under this credit facility. </context> | us-gaap:LineOfCredit |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | 252.1 | monetaryItemType | text: <entity> 252.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:DerivativeNotionalAmount |
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