Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Revenue Related income and Operating Expenses included in NOI at Share

The following table presents accrual-based lease revenue and other property related income and operating expenses included in the Company's share of NOI for its consolidated and unconsolidated properties (“NOI at share”) the periods presented (in thousands):


		Three Months Ended March 31,
		2026				2025
Revenues		$	552,812			$	531,286
Operating expenses
Rent			(4,147	)			(4,184	)
Real estate taxes			(72,842	)			(69,911	)
Operating and maintenance			(95,229	)			(89,553	)
Total operating expenses			(172,218	)			(163,648	)
NOI from unconsolidated real estate joint ventures			51,054				50,997
NOI at share		$	431,648			$	418,635

Schedule of Reconciliation of NOI at Share to Net Income

The following table presents the reconciliation of NOI at share to Net income (in thousands):


		Three Months Ended March 31,
		2026				2025
NOI at share		$	431,648			$	418,635
Adjustments:
Management and other fee income			5,204				5,338
General and administrative			(37,187	)			(34,392	)
Impairment charges			(50	)			(534	)
Depreciation and amortization			(156,496	)			(158,453	)
Gain on sale of properties			15,707				887
Other (expense)/income, net			(1,619	)			207
Mortgage and other financing income, net			12,475				11,269
Interest expense			(83,125	)			(80,377	)
Benefit/(provision) for income taxes, net			239				(464	)
Equity in income of joint ventures, net			24,811				22,683
Equity in income of other investments, net			5,794				701
NOI from unconsolidated real estate joint ventures			(51,054	)			(50,997	)
Net income		$	166,347			$	134,503