v3.25.4
Schedule III — Real Estate and Accumulated Depreciation - Accumulated Depreciation Rollforward (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real Estate Subject to Operating Leases      
Schedule III, Reconciliation of Carrying Amount of Real Estate Investments      
Beginning balance $ 12,786,827 $ 12,049,896 $ 13,316,632
Acquisitions 1,415,374 991,404 984,283
Foreign currency translation adjustment 498,340 (237,200) 132,686
Dispositions (494,755) (354,456) (256,339)
Reclassification from real estate under construction 82,626 83,373 40,479
Capital improvements 72,703 46,184 54,667
Impairment charges (55,558) (36,851) (17,885)
Reclassification from direct financing leases 14,993 120,921 25,460
Reclassification to assets held for sale (3,741) 0 (46,985)
Derecognition through the Spin-Off 0 0 (1,299,400)
Ending balance 14,371,391 12,786,827 12,049,896
Schedule III, Reconciliation of Real Estate Accumulated Depreciation      
Beginning balance 1,701,892 1,509,730 1,672,091
Depreciation expense 331,228 292,770 326,719
Dispositions (72,359) (73,297) (58,861)
Foreign currency translation adjustment 63,171 (27,239) 14,192
Reclassification to assets held for sale (414) 0 (16,539)
Derecognition through the Spin-Off 0 0 (214,977)
Ending balance 2,026,829 1,701,892 1,509,730
Real Estate Subject to Operating Leases | Sales-type Lease      
Schedule III, Reconciliation of Carrying Amount of Real Estate Investments      
Reclassication 0 (9,210) (662,674)
Schedule III, Reconciliation of Real Estate Accumulated Depreciation      
Reclassification 0 (2,386) (156,461)
Real Estate Subject to Operating Leases | Operating Properties      
Schedule III, Reconciliation of Carrying Amount of Real Estate Investments      
Reclassification from operating real estate 54,582 48,370 0
Reclassification from equity method investments 0 84,396 0
Reclassication 0 0 (221,028)
Schedule III, Reconciliation of Real Estate Accumulated Depreciation      
Reclassification from operating real estate 3,311 2,314 0
Reclassification 0 0 (56,434)
Operating Real Estate      
Schedule III, Reconciliation of Carrying Amount of Real Estate Investments      
Beginning balance 1,198,676 1,254,719 1,077,326
Acquisitions 0 7,020 45,469
Foreign currency translation adjustment 7,461 (1,476) 5,088
Dispositions (862,727) (21,638) (124,237)
Reclassification from real estate under construction 646 3,719 25,452
Capital improvements 5,303 4,702 4,593
Impairment charges (8,662) 0 0
Reclassification from operating real estate 0 0 221,028
Reclassication (54,618) (48,370) 0
Ending balance 286,079 1,198,676 1,254,719
Schedule III, Reconciliation of Real Estate Accumulated Depreciation      
Beginning balance 100,575 80,057 28,295
Depreciation expense 22,523 28,752 29,840
Dispositions (60,612) (5,826) (34,580)
Foreign currency translation adjustment 451 (94) 68
Reclassification from operating real estate 0 0 56,434
Reclassification (3,311) (2,314) 0
Ending balance $ 59,626 $ 100,575 $ 80,057