Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt

Summary of Outstanding Indebtedness of the Operating Partnership

	September 30, 2021				December 31, 2020
	Weighted-				Weighted-
	average		Amount		average		Amount
	interest rate		Outstanding		interest rate		Outstanding
Global revolving credit facilities	0.98	%	$	838,054	0.91	%	$	540,184
Unsecured term loans	—	%		—	1.20	%		537,470
Unsecured senior notes	2.25	%		13,113,785	2.49	%		12,096,029
Secured and other debt	3.06	%		242,870	2.92	%		239,330
Total	2.19	%	$	14,194,709	2.38	%	$	13,413,013

Schedule of Debt In Functional Currencies

	September 30, 2021				December 31, 2020
	Amount				Amount
Denomination of Draw	Outstanding		% of Total		Outstanding		% of Total
U.S. dollar ($)	$	3,497,870	24.7	%	$	3,629,000	27.1	%
British pound sterling (£)		2,088,470	14.7	%		2,166,695	16.2	%
Euro (€)		7,569,846	53.3	%		6,912,142	51.5	%
Other		1,038,523	7.3	%		705,176	5.2	%
Total	$	14,194,709			$	13,413,013

Schedule of Unsecured Senior Notes

The following table provides details of our unsecured senior notes (balances in thousands):

	Aggregate Principal at Issuance					Balance as of
	Borrowing Currency		USD		Maturity Date		September 30, 2021		December 31, 2020
Floating rate notes due 2022	€	300,000	$	349,800	Sep 23, 2022	$	347,400	$	366,480
0.125% notes due 2022	€	300,000		332,760	Oct 15, 2022		347,400		366,480
2.750% notes due 2023	$	350,000		350,000	Feb 1, 2023		-		350,000
2.625% notes due 2024	€	600,000		677,040	Apr 15, 2024		694,800		732,960
2.750% notes due 2024	£	250,000		324,925	Jul 19, 2024		336,850		341,750
4.250% notes due 2025	£	400,000		634,480	Jan 17, 2025		538,960		546,800
0.625% notes due 2025	€	650,000		720,980	Jul 15, 2025		752,700		794,040
4.750% notes due 2025	$	450,000		450,000	Oct 1, 2025		450,000		450,000
2.500% notes due 2026	€	1,075,000		1,224,640	Jan 16, 2026		1,244,850		1,313,219
0.200% notes due 2026	CHF	275,000		298,404	Dec 15, 2026		295,267		-
3.700% notes due 2027	$	1,000,000		1,000,000	Aug 15, 2027		1,000,000		1,000,000
1.125% notes due 2028	€	500,000		548,550	Apr 09, 2028		579,000		610,800
4.450% notes due 2028	$	650,000		650,000	Jul 15, 2028		650,000		650,000
0.550% notes due 2029	CHF	270,000		292,478	Apr 16, 2029		289,898		-
3.300% notes due 2029	£	350,000		454,895	Jul 19, 2029		471,590		478,450
3.600% notes due 2029	$	900,000		900,000	Jul 01, 2029		900,000		900,000
1.500% notes due 2030	€	750,000		831,900	Mar 15, 2030		868,500		916,200
3.750% notes due 2030	£	550,000		719,825	Oct 17, 2030		741,070		751,850
1.250% notes due 2031	€	500,000		560,950	Feb 1, 2031		579,000		610,800
0.625% notes due 2031	€	1,000,000		1,220,700	Jul 15, 2031		1,158,000		-
1.000% notes due 2032	€	750,000		874,500	Jan 15, 2032		868,500		916,200
						$	13,113,785	$	12,096,029
Unamortized discounts, net of premiums							(35,156)		(34,988)
Deferred financing costs, net							(65,839)		(64,031)
Total unsecured senior notes, net of discount and deferred financing costs						$	13,012,790	$	11,997,010

Schedule of Debt Maturities and Principal Maturities

The table below summarizes our debt maturities and principal payments as of September 30, 2021 (in thousands):

	Global Revolving		Unsecured
	Credit Facilities(1)		Senior Notes		Secured and Other Debt		Total Debt
Remainder of 2021	$	—	$	—	$	—	$	—
2022		—		694,800		—		694,800
2023		753,396		—		104,000		857,396
2024		84,658		1,031,650		—		1,116,308
2025		—		1,741,660		—		1,741,660
Thereafter		—		9,645,675		138,870		9,784,545
Subtotal	$	838,054	$	13,113,785	$	242,870	$	14,194,709
Unamortized net discounts		—		(35,156)		—		(35,156)
Unamortized deferred financing costs		(5,732)		(65,839)		(443)		(72,014)
Total	$	832,322	$	13,012,790	$	242,427	$	14,087,539

(1) The global revolving credit facility is subject to two six-month extension options exercisable by us. The bank group is obligated to grant the extension options provided we give proper notice, we make certain representations and warranties and no default exists under the global revolving credit facility.