v3.25.2
Segment Information - Summary of Reconciliation of NOI to Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
NOI $ 280,933 $ 258,392 $ 554,471 $ 521,330
Straight-line rent on lease income 5,787 4,120 11,394 9,714
Above/below market rent amortization, net 5,731 7,441 12,481 13,264
Management, transaction, and other fees 7,244 6,735 14,056 13,131
Straight-line rent on ground rent (336) (336) (673) (677)
Above/below market ground rent amortization (532) (535) (1,067) (1,070)
Depreciation and amortization (99,535) (100,968) (196,309) (198,553)
General and administrative (25,480) (24,238) (47,080) (50,370)
Other operating expenses (1,944) (3,066) (3,632) (5,709)
Other expense, net (51,040) (31,394) (99,713) (60,608)
Add: Share of noncontrolling interests excluded from NOI 2,200 2,036 4,404 4,082
Less: Equity in income of investments in real estate excluded from NOI (14,679) (13,258) (28,130) (26,947)
Net income $ 108,349 $ 104,929 $ 220,202 $ 217,587