Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v2.4.1.9
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2014
Notes Payable [Abstract]  
Schedule of Long-term Debt Instruments
Our unsecured notes outstanding as of December 31, 2014 were as follows (in thousands):
 
Coupon/Stated Rate
 
Effective Rate (1)
 
Principal Amount
 
Maturity Date (2)
10 Year Unsecured Notes
5.35
%
 
5.359
%
 
$
50,000

 
5/1/2015
10 Year Unsecured Notes
5.35
%
 
5.490
%
 
100,000

 
5/1/2015
10 Year Unsecured Notes
4.95
%
 
5.053
%
 
250,000

 
10/1/2020
10 Year Unsecured Notes
3.95
%
 
4.018
%
 
300,000

 
10/15/2022
30 Year Unsecured Notes
7.25
%
 
7.360
%
 
50,000

 
2/25/2028
Total principal
 
 
 
 
750,000

 
 
Net unamortized discount
 
 
 
 
(2,792
)
 
 
Total
 
 
 
 
$
747,208

 
 
(1) Yield on issuance date, including the effects of discounts on the notes.
(2) No principal amounts are due prior to maturity.
Schedule of Maturities of Long-term Debt
Scheduled principal payments subsequent to December 31, 2014 are as follows (in thousands):
2015
$
4,512

2016
163,637

2017
154,436

2018
3,135

2019
33,909

Thereafter
54,871

 
414,500

Net discounts/premiums
4,025

Total
$
418,525

The required principal payments excluding the effects of note discounts or premium for the remaining years subsequent to December 31, 2014 are as follows (in thousands):
2015
$
150,000

2016

2017

2018

2019

Thereafter
600,000

 
$
750,000