XML 28 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Senior Unsecured Notes and Secured Debt (Tables)
12 Months Ended
Dec. 31, 2012
Senior Unsecured Notes And Secured Debt (Tables) [Abstract]  
Principal payments due on debt obligations
SeniorSecured
Unsecured Notes(1,2)Debt (1,3)Totals
2013$ 300,000$ 110,034$ 410,034
2014 0 204,783 204,783
2015(4) 501,054 224,486 725,540
2016 700,000 328,730 1,028,730
2017 450,000 320,943 770,943
Thereafter 4,194,403 1,122,610 5,317,013
Totals$ 6,145,457$ 2,311,586$ 8,457,043
(1) Amounts represent principal amounts due and do not include unamortized premiums/discounts or other fair value adjustments as reflected on the consolidated balance sheet.
(2) Annual interest rates range from 2.25% to 6.5%, excluding the Canadian denominated unsecured term loan.
(3) Annual interest rates range from 1.0% to 10.0%. Carrying value of the properties securing the debt totaled $3,953,516,000 at December 31, 2012.
(4) On July 30, 2012, we completed funding on a $250,000,000 Canadian denominated unsecured term loan (approximately $251,054,000 USD at exchange rates on December 31, 2012). The loan matures on July 27, 2015 (with an option to extend for an additional year at our discretion) and bears interest at the Canadian Dealer Offered Rate plus 145 basis points (2.67% at December 31, 2012).
Summary of senior unsecured note issuances
Year Ended
December 31, 2012December 31, 2011December 31, 2010
Weighted Avg.Weighted Avg.Weighted Avg.
AmountInterest RateAmountInterest RateAmountInterest Rate
Beginning balance $ 4,464,9275.133% $ 3,064,9305.129% $ 1,661,8535.557%
Debt issued 1,800,0003.691% 1,400,0005.143% 1,844,4034.653%
Debt extinguished (76,853)8.000% (3)4.750% (441,326)4.750%
Debt redeemed (293,671)4.750% -0.000% -0.000%
Ending balance $ 5,894,4034.675% $ 4,464,9275.133% $ 3,064,9305.129%
Secured debt principal activity
Year Ended
December 31, 2012December 31, 2011December 31, 2010
Weighted Avg.Weighted Avg.Weighted Avg.
AmountInterest RateAmountInterest RateAmountInterest Rate
Beginning balance$ 2,108,3845.285%$ 1,133,7155.972%$ 623,0455.842%
Debt issued 157,4184.212% 116,9035.697% 157,1565.454%
Debt assumed 444,7445.681% 940,8544.444% 564,6566.089%
Debt extinguished (360,403)4.672% (55,317)5.949% (194,493)6.073%
Foreign currency 1875.637% -0.000% -0.000%
Principal payments (38,744)5.456% (27,771)5.845% (16,649)5.792%
Ending balance$ 2,311,5865.140%$ 2,108,3845.285%$ 1,133,7155.972%