v3.26.1
Investments in Unconsolidated Entities and International Investments - Combined Statements of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE:    
Lease income $ 1,628,532 $ 1,367,428
Other income 88,372 71,792
Total revenue 1,757,093 1,473,012
OPERATING EXPENSES:    
Property operating 170,760 136,821
Depreciation and amortization 458,898 328,051
Real estate taxes 135,960 107,452
Repairs and maintenance 40,200 30,142
Advertising and promotion 33,930 34,257
Other 33,227 30,978
Total operating expenses 994,930 745,396
OPERATING INCOME BEFORE OTHER ITEMS 762,163 727,616
Interest expense (275,662) (226,995)
CONSOLIDATED NET INCOME 568,535 477,860
Income from Unconsolidated Entities (21,248) 30,359
Unconsolidated properties | Equity Method Investees excluding Klepierre, TRG before acquisition and other platform investments    
OPERATING EXPENSES:    
Third-Party Investors' Share of Net Income 116,464 96,594
Our Share of Net Income 115,469 92,699
Amortization of Excess Investment (47,657) (14,465)
Income from Unconsolidated Entities 67,812 78,234
Unconsolidated properties | Equity Method Investees excluding Klepierre, TRG before acquisition and other platform investments    
REVENUE:    
Lease income 921,792 749,807
Other income 105,180 94,066
Total revenue 1,026,972 843,873
OPERATING EXPENSES:    
Property operating 214,941 166,647
Depreciation and amortization 185,164 159,012
Real estate taxes 66,398 58,793
Repairs and maintenance 26,281 20,763
Advertising and promotion 24,932 22,150
Other 72,285 56,847
Total operating expenses 590,001 484,212
OPERATING INCOME BEFORE OTHER ITEMS 436,971 359,661
Interest expense (205,038) (170,368)
CONSOLIDATED NET INCOME $ 231,933 $ 189,293