We are exposed to certain market risks, one of the most predominant of which is a change in interest rates. Increases in interest rates can result in increased interest expense under our Revolving Credit Facility, Revolving Development Facility, and other variable-rate debt to the extent we do not have interest rate swaps in place to hedge the effect of such rate increases. Increases in interest rates can also result in increased interest expense when our fixed-rate debt matures and needs to be refinanced. The table below presents our debt obligations and weighted average interest rates on debt maturing each year as of June 30, 2026 (dollars in thousands): For the Periods Ending December 31, 2026 2027 2028 2029 2030 Thereafter Total Debt (1) Fixed rate debt $ — $ — $ 345,000 $ 400,000 $ 400,000 $ 1,000,000 $ 2,145,000 Weighted average interest rate —% —% 5.25% 2.00% 4.25% 2.81% 3.32% Variable rate debt (2) $ 10,040 $ 50,000 $ — $ 408,000 $ — $ — $ 468,040 Weighted average interest rate (3) 5.17% 4.67% —% 4.66% —% —% 4.67% (1)Debt amounts represent principal maturities only and therefore exclude net unamortized discounts and commissions and deferred financing costs of $20.6 million. (2)Maturities in 2027 may be extended to 2028 and maturities in 2029 may be extended to 2030, both subject to certain conditions. (3)Represents interest rates in effect for variable-rate debt as of June 30, 2026. The fair value of our debt was $2.5 billion as of June 30, 2026. If interest rates had been 1% lower, the fair value of our fixed-rate debt would have increased by approximately $78 million as of June 30, 2026. 38 See Note 9 to our consolidated financial statements for information pertaining to interest rate swap contracts in place as of June 30, 2026 and their respective fair values. Based on our variable-rate debt balances, including the effect of interest rate swap contracts, our interest expense would have increased by approximately $1.0 million in the six months ended June 30, 2026 if the applicable variable index rate was 1% higher.