Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At June 30, 2023, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:

(In thousands)	Principal Payments
July 1 through December 31, 2023	$	16,728
2024	83,973
2025	271,086		(a)
2026	162,468
2027	123,792		(b)
2028	41,863
Thereafter	611,879
Principal amount	1,311,789
Unamortized deferred debt costs	17,659
Net	$	1,294,130

(a) Includes $219.0 million outstanding under the Credit Facility.

(b) Includes $100.0 million outstanding under the Credit Facility.

Interest Expense and Amortization of Deferred Debt Costs

Interest expense, net and amortization of deferred debt costs for the three and six months ended June 30, 2023 and 2022, were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2023		2022		2023		2022
Interest incurred	$	16,267	$	12,468	$	31,780	$	24,781
Amortization of deferred debt costs	564		465		1,122		941
Capitalized interest	(4,472)		(2,474)		(8,614)		(4,661)
Interest expense	12,359		10,459		24,288		21,061
Less: Interest income	81		2		189		2
Interest expense, net and amortization of deferred debt costs	$	12,278	$	10,457	$	24,099	$	21,059