v3.26.1
Debt - Summary of Debt (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Notes Payable, Unsecured Notes and Credit Facility    
Credit Facility $ 0 $ 0
Commercial paper 916,100,000 740,000,000
Total principal outstanding 9,079,099,000 9,388,152,000
Deferred financing costs and debt discount (54,319,000) (59,600,000)
Total $ 9,024,780,000 $ 9,328,552,000
Weighted average interest rate, debt (as a percent) 3.70% 3.70%
Unsecured notes    
Notes Payable, Unsecured Notes and Credit Facility    
Notes Payable $ 7,450,000,000  
Secured Debt    
Notes Payable, Unsecured Notes and Credit Facility    
Notes Payable 712,999,000  
Mortgage Notes Payable, Unsecured Notes, and Term Loans    
Notes Payable, Unsecured Notes and Credit Facility    
Notes Payable $ 8,162,999,000 $ 8,648,152,000
Weighted average interest rate, debt (as a percent) 3.70% 3.60%
Fixed rate unsecured notes | Unsecured notes    
Notes Payable, Unsecured Notes and Credit Facility    
Fixed rate notes $ 7,450,000,000 $ 7,925,000,000
Weighted average interest rate, debt (as a percent) 3.60% 3.60%
Fixed rate mortgage notes payable—conventional and tax-exempt | Secured Debt    
Notes Payable, Unsecured Notes and Credit Facility    
Fixed rate notes $ 332,049,000 $ 332,602,000
Weighted average interest rate, debt (as a percent) 3.90% 3.90%
Variable rate mortgage notes payable—conventional and tax-exempt | Secured Debt    
Notes Payable, Unsecured Notes and Credit Facility    
Variable rate notes $ 380,950,000 $ 390,550,000
Weighted average interest rate, debt (as a percent) 4.30% 4.00%
Credit Facility    
Notes Payable, Unsecured Notes and Credit Facility    
Commercial paper $ 916,100,000 $ 740,000,000
Weighted average interest rate, debt (as a percent) 0.00% 0.00%
Current interest rate (as a percent) 4.39%  
Commercial paper    
Notes Payable, Unsecured Notes and Credit Facility    
Weighted average interest rate, debt (as a percent) 4.00% 4.00%
Variable Rate Unsecured Term Loan $550 Million | Unsecured notes    
Notes Payable, Unsecured Notes and Credit Facility    
Notes Payable $ 550,000,000  
Assumption of fixed rate mortgage loan $ 550,000,000  
Current interest rate (as a percent) 4.44%