v3.26.1
Variable Interest Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:                
Net real estate investments $ 62,965,757   $ 62,965,757     $ 57,910,509 [1]    
Cash and cash equivalents 1,965,164   1,965,164     5,033,678 [1]    
Receivables and other assets 2,810,627   2,810,627     2,373,409 [1]    
Investments in unconsolidated entities 2,001,632   2,001,632     1,809,590 [1]    
Total assets 69,875,180   69,875,180     67,303,047 [1]    
Liabilities and equity:                
Senior unsecured notes   14,295,101   14,295,101     16,383,522 [1]    
Lease liabilities 1,994,551   1,994,551     2,182,993 [1]    
Accrued expenses and other liabilities 2,490,804   2,490,804     2,719,813 [1]    
Total equity 47,439,034 $ 36,263,114 47,439,034 $ 36,263,114 $ 44,732,859 42,939,716 [1] $ 34,304,516 $ 32,316,366
Total liabilities and equity   69,875,180   69,875,180     67,303,047 [1]    
Revenues 3,544,586 2,548,244 6,896,512 4,971,331        
VIE, Primary Beneficiary                
Assets:                
Net real estate investments 6,414,386   6,414,386     5,810,341    
Cash and cash equivalents 19,628   19,628     17,139    
Receivables and other assets 430,889   430,889     225,425    
Investments in unconsolidated entities 155,025   155,025     86,026    
Total assets 7,019,928   7,019,928     6,138,931    
Liabilities and equity:                
Senior unsecured notes   150,124   150,124     74,421    
Secured debt 506,219   506,219     232,929    
Lease liabilities 1,424   1,424     2,529    
Accrued expenses and other liabilities 19,111   19,111     17,307    
Total equity 6,343,050   6,343,050     5,811,745    
Total liabilities and equity   7,019,928   7,019,928     $ 6,138,931    
Revenues $ 206,389 $ 167,671 $ 411,660 $ 312,134        
[1] The consolidated balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.