v3.26.1
Disclosure about Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of our financial instruments are as follows (in thousands):
 June 30, 2026December 31, 2025
 Carrying AmountFair ValueCarrying AmountFair Value
Financial assets:
Investments in sales-type leases, net$— $— $497,963 $497,963 
Mortgage loans receivable2,008,699 2,017,891 998,699 1,008,879 
Other real estate loans receivable944,010 914,030 832,511 803,247 
Cash and cash equivalents1,965,164 1,965,164 5,033,678 5,033,678 
Restricted cash132,000 132,000 175,861 175,861 
Non-real estate loans receivable283,828 270,718 251,055 245,415 
Foreign currency forward contracts, interest rate swaps and cross currency swaps40,415 40,415 43,223 43,223 
Financial liabilities:
Senior unsecured notes$14,295,101 $16,108,897 $16,383,522 $17,872,001 
Secured debt3,431,152 3,358,776 2,813,780 2,768,807 
Foreign currency forward contracts, interest rate swaps and cross currency swaps251,564 251,564 416,210 416,210 
Redeemable DownREIT Unitholder interests$— $— $72,497 $72,497 
Summary of Items Measured at Fair Value on Recurring Basis, Assets The following summarizes items measured at fair value on a recurring basis (in thousands):
 Fair Value Measurements as of June 30, 2026
 TotalLevel 1Level 2Level 3
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
$(211,149)$— $(211,149)$— 
(1) Please see Note 12 for additional information.
Summary of Items Measured at Fair Value on Recurring Basis, Liabilities The following summarizes items measured at fair value on a recurring basis (in thousands):
 Fair Value Measurements as of June 30, 2026
 TotalLevel 1Level 2Level 3
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
$(211,149)$— $(211,149)$— 
(1) Please see Note 12 for additional information.