v3.26.1
Senior Unsecured Notes and Secured Debt - Summary of Annual Principal Payments Due on Debt Obligations (Details)
£ in Thousands
6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CAD ($)
Jun. 30, 2026
GBP (£)
Dec. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Principal payments due on debt obligations            
2026 $ 188,570,000          
2027 3,011,404,000          
2028 2,683,054,000          
2029 2,793,845,000          
2030 1,917,138,000          
Thereafter 7,284,375,000          
Total principal balance 17,878,386,000          
Unamortized discounts and premiums, net (21,234,000)          
Unamortized debt issuance costs, net (76,128,000)          
Fair value adjustments and other, net (54,771,000)          
Total carrying value of debt 17,726,253,000          
Senior unsecured notes            
Principal payments due on debt obligations            
2026 0          
2027 2,645,521,000          
2028 2,337,135,000          
2029 2,235,532,000          
2030 1,750,000,000          
Thereafter 5,462,850,000          
Total principal balance 14,431,038,000     $ 16,526,245,000 $ 13,595,524,000 $ 13,326,465,000
Unamortized discounts and premiums, net (21,234,000)          
Unamortized debt issuance costs, net (63,242,000)          
Fair value adjustments and other, net (51,461,000)          
Total carrying value of debt $ 14,295,101,000          
Senior Unsecured Notes and Secured Debt Textual            
Weighted average interest rate, at point in time (in percent) 3.94% 3.94% 3.94%   3.91%  
Senior unsecured notes | 2.95% Senior Unsecured Notes Due 2027            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 2.95% 2.95% 2.95%      
Principal amount $ 211,200,000 $ 300,000,000        
Senior unsecured notes | Canadian Dominated Unsecured Debt Due 2026            
Senior Unsecured Notes and Secured Debt Textual            
Principal amount $ 1,934,321,000 $ 2,747,615,000        
Interest rate margin (in percent) 0.65%          
Effective rate (in percent) 2.92% 2.92% 2.92%      
Senior unsecured notes | UK Debt Due 2028            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 4.80% 4.80% 4.80%      
Principal amount $ 729,135,000   £ 550,000      
Senior unsecured notes | 4.50% Senior Unsecured Notes Due 2034            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 4.50% 4.50% 4.50%      
Principal amount $ 662,850,000   £ 500,000      
Senior unsecured notes | Minimum            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 2.05% 2.05% 2.05%      
Senior unsecured notes | Maximum            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 6.50% 6.50% 6.50%      
Secured Debt            
Principal payments due on debt obligations            
2026 $ 187,833,000          
2027 364,342,000          
2028 344,287,000          
2029 556,583,000          
2030 165,305,000          
Thereafter 1,573,259,000          
Total principal balance 3,191,609,000     $ 2,573,080,000 $ 2,667,962,000 $ 2,467,223,000
Unamortized discounts and premiums, net 0          
Unamortized debt issuance costs, net (12,886,000)          
Fair value adjustments and other, net (120,217,000)          
Total carrying value of debt $ 3,058,506,000          
Senior Unsecured Notes and Secured Debt Textual            
Weighted average interest rate, at point in time (in percent) 4.01% 4.01% 4.01%   4.08%  
Carrying values of properties securing the debt $ 6,503,834,000          
Secured Debt | Minimum            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 1.74% 1.74% 1.74%      
Secured Debt | Maximum            
Senior Unsecured Notes and Secured Debt Textual            
Interest rate (in percent) 5.25% 5.25% 5.25%      
Other Financial Obligations            
Principal payments due on debt obligations            
2026 $ 737,000          
2027 1,541,000          
2028 1,632,000          
2029 1,730,000          
2030 1,833,000          
Thereafter 248,266,000          
Total principal balance 255,739,000          
Unamortized discounts and premiums, net 0          
Unamortized debt issuance costs, net 0          
Fair value adjustments and other, net 116,907,000          
Total carrying value of debt $ 372,646,000          
Senior Unsecured Notes and Secured Debt Textual            
Effective rate (in percent) 5.49% 5.49% 5.49%