We are subject to market risks from changes in interest rates charged on our credit facilities and other variable-rate indebtedness. The impact on earnings and the value of our long-term debt are subject to change as a result of movements in market rates and prices. As of June 30, 2026, 77%, or $3.3 billion, of our long-term debt had a weighted average fixed interest rate of 4.80%. As of June 30, 2026, we had $1.0 billion of long-term variable-rate debt and $23.0 million drawn on our variable rate secured credit facility, at a weighted average interest rate of 6.03%. In the normal course of business, we enter into certain interest rate cap and swap agreements with major financial institutions to manage our risk above certain interest rates on variable-rate debt. As of June 30, 2026, our $1.0 billion of outstanding long-term variable-rate debt and $23.0 million drawn on our variable rate secured credit facility is indexed to SOFR plus a weighted average margin of 240 basis points. Accordingly, our annual interest expense related to long-term variable-rate debt is directly affected by movements in SOFR. As of June 30, 2026, we had SOFR interest rate cap and swap instruments with a notional amount of $1.0 billion, which is $11.6 million less than our aggregate outstanding variable-rate debt and borrowings on our secured credit facility. For our SOFR interest rate cap and swap agreements, as of June 30, 2026, the weighted average fixed interest rate is 4.26% and the weighted average remaining term is 1.6 years. Many of our long-term variable-rate debt instruments include provisions that obligate us to obtain additional interest rate cap agreements upon the maturity of the existing interest rate cap agreements. The costs of obtaining additional interest rate cap agreements may offset the benefits of our existing interest rate cap agreements. The table below reflects the additional annual debt interest expense that would have resulted for the respective basis point increases in SOFR as of June 30, 2026. Increase in Index(in basis points) Annual Interest Expense Increase (1)(in millions) 100 $ 4.7 200 6.6 500 8.1 1,000 8.7 (1)Amounts are after consideration of interest rate cap and swap agreements in place as of June 30, 2026. 38