v3.26.1
Investments in Unconsolidated Entities and International Investments - Combined Balance Sheets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
ASSETS:    
Investment properties, at cost $ 50,936,227 $ 50,946,067
Less - accumulated depreciation 20,988,491 20,701,510
Investment properties, at cost, net 29,947,736 30,244,557
Cash and cash equivalents 542,955 823,147
Tenant receivables and accrued revenue, net 880,807 934,077
Right-of-use assets, net 738,033 755,934
Deferred costs and other assets 1,969,923 1,981,035
Total assets 39,639,081 40,606,466
Liabilities and Partners' Deficit:    
Mortgages 28,247,682 28,430,175
Accounts payable, accrued expenses, intangibles, and deferred revenues 1,701,757 1,954,402
Lease liabilities 734,567 756,539
Other liabilities 825,477 1,017,816
Total liabilities 33,302,299 33,901,073
Preferred units 264,251 233,306
Total liabilities and equity 39,639,081 40,606,466
Unconsolidated properties | Equity Method Investees excluding Klepierre, TRG before acquisition and other platform investments    
Our Share of:    
Partners' deficit (1,635,892) (1,247,554)
Add: Excess Investment 3,071,349 2,773,173
Our net Investment in unconsolidated entities, at equity 1,435,457 1,525,619
Unconsolidated properties | Equity Method Investees excluding Klepierre, TRG before acquisition and other platform investments    
ASSETS:    
Investment properties, at cost 21,425,679 22,077,749
Less - accumulated depreciation 9,907,158 9,020,481
Investment properties, at cost, net 11,518,521 13,057,268
Cash and cash equivalents 1,498,298 1,264,619
Tenant receivables and accrued revenue, net 594,048 605,756
Right-of-use assets, net 115,191 108,349
Deferred costs and other assets 639,371 572,826
Total assets 14,365,429 15,608,818
Liabilities and Partners' Deficit:    
Mortgages 16,419,497 16,374,773
Accounts payable, accrued expenses, intangibles, and deferred revenues 1,119,227 1,117,855
Lease liabilities 116,950 99,837
Other liabilities 389,828 334,246
Total liabilities 18,045,502 17,926,711
Preferred units 67,450 67,450
Partners' deficit (3,747,524) (2,385,343)
Total liabilities and equity $ 14,365,429 $ 15,608,818
Unconsolidated properties | Maximum    
Our Share of:    
Estimated life of investment property 40 years