v3.26.1
Investment in Unconsolidated Entities and International Investments - European Investments (Details)
$ / shares in Units, $ in Thousands, € in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
property
$ / shares
shares
Mar. 31, 2026
USD ($)
shares
Mar. 31, 2026
EUR (€)
shares
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
property
$ / shares
shares
Jun. 30, 2025
USD ($)
Dec. 31, 2025
property
Investment in Unconsolidated Entities              
Total revenue $ 1,790,598     $ 1,498,459 $ 3,547,691 $ 2,971,472  
Operating income before other items 824,098     744,197 1,586,260 1,471,814  
Consolidated net income (loss) 574,130     643,681 1,142,665 1,121,541  
Gain (loss) due to disposal, exchange, or revaluation of equity interests, net $ (11,950)     104,499 $ (18,329) 80,507  
European Joint Venture | Designer Outlet properties              
Investment in Unconsolidated Entities              
Number of properties | property 12       12   12
European Joint Venture | Designer Outlet properties | Minimum              
Investment in Unconsolidated Entities              
Ownership interest (as a percent) 23.00%       23.00%    
European Joint Venture | Designer Outlet properties | Maximum              
Investment in Unconsolidated Entities              
Ownership interest (as a percent) 94.00%       94.00%    
European Property Management and Development | Designer Outlet properties              
Investment in Unconsolidated Entities              
Ownership interest (as a percent) 50.00%       50.00%    
Europe | Klepierre              
Investment in Unconsolidated Entities              
Total revenue $ 418,351     396,833 $ 807,552 742,567  
Operating income before other items 242,568     220,860 418,735 365,374  
Consolidated net income (loss) 181,690     119,885 310,861 228,220  
Our share of net income (loss) 29,757     18,477 53,525 40,911  
Amortization of Excess Investment $ (3,519)     (6,790) $ (7,061) (9,958)  
Europe | Designer Outlet properties              
Investment in Unconsolidated Entities              
Number of properties consolidated by entity | property 8       8    
Europe | Klepierre              
Investment in Unconsolidated Entities              
Shares owned | shares 59,280,541       59,280,541    
Ownership interest (as a percent) 20.70%       20.70%    
Quoted market price per share (in dollars per share) | $ / shares $ 41.73       $ 41.73    
Gain (loss) due to disposal, exchange, or revaluation of equity interests, net       $ (9,600)   $ (9,600)  
Europe | Klepierre | Exchangeable Debt              
Investment in Unconsolidated Entities              
Number of shares exchanged to settle the conversion | shares   4,074,711 4,074,711        
Amount of debt converted | €     € 110.3        
Gain (loss) on acquisition of controlling interest   $ 64,300