v3.25.4
NLOP Spin-Off - Summary of Assets, Liabilities, and Equity Derecognized in Connection with the Spin-off (Details)) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Nov. 01, 2023
Sep. 30, 2023
Dec. 31, 2022
Investments in real estate:            
Land, buildings and improvements — net lease and other $ 14,451,306 $ 12,842,869        
In-place lease intangible assets and other 2,466,199 2,297,572        
Above-market rent intangible assets 668,707 665,495        
Investments in real estate 19,044,177 17,802,871        
Accumulated depreciation and amortization (3,578,330) (3,222,396)        
Net investments in real estate 15,469,174 14,580,475        
Cash and cash equivalents 272,392 690,701 $ 691,971     $ 224,141
Other assets, net 1,068,480 1,045,218        
Goodwill 987,071 967,843 978,289     1,037,412
Total assets [1] 17,990,232 17,535,024        
Liabilities and Equity            
Non-recourse mortgages, net 140,646 401,821        
Accounts payable, accrued expenses and other liabilities 670,038 596,994        
Below-market rent intangible liabilities, net 104,055 119,831        
Deferred income taxes 151,820 147,461        
Total liabilities [1] 9,856,090 9,100,900        
Distributions in excess of accumulated earnings 3,539,592 3,203,974        
Accumulated other comprehensive loss (253,346) (250,232)        
Noncontrolling interests 15,885 4,429        
Total equity $ 8,134,142 $ 8,434,124 $ 8,706,997     $ 9,008,644
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | NLOP            
Investments in real estate:            
Land, buildings and improvements — net lease and other       $ 1,299,400    
In-place lease intangible assets and other       373,631    
Above-market rent intangible assets       58,426    
Investments in real estate       1,731,457    
Accumulated depreciation and amortization       (454,768)    
Net investments in real estate       1,276,689    
Cash and cash equivalents       9,141    
Other assets, net       70,472    
Goodwill       61,737    
Less: impairment charges (Note 9)       (47,282)    
Total assets       1,370,757    
Liabilities and Equity            
Non-recourse mortgages, net       164,743 $ 164,700  
Accounts payable, accrued expenses and other liabilities       54,199    
Below-market rent intangible liabilities, net       11,799    
Deferred income taxes       9,718    
Total liabilities       240,459    
Distributions in excess of accumulated earnings       229,712    
Accumulated other comprehensive loss       (35,664)    
Noncontrolling interests       4,406    
Total equity       198,454    
Total liabilities and equity       $ 438,913    
[1] See Note 2 for details related to variable interest entities (“VIEs”).