Detail of secured and unsecured debt (Details) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2026 |
Jun. 30, 2026 |
Sep. 30, 2026 |
Feb. 28, 2025 |
| Debt Instrument |
|
|
|
|
| Effective rate (as a percent) |
4.33%
|
|
4.33%
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
350,000
|
|
350,000
|
|
| 2028 |
425,000
|
|
425,000
|
|
| 2029 |
700,000
|
|
700,000
|
|
| 2030 |
1,150,000
|
|
1,150,000
|
|
| Thereafter |
10,361,055
|
|
10,361,055
|
|
| Principal |
12,986,055
|
|
12,986,055
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(89,059)
|
|
(89,059)
|
|
| Total Consolidated |
$ 12,896,996
|
|
$ 12,896,996
|
|
| Unsecured Debt |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Effective rate (as a percent) |
4.04%
|
|
4.04%
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
350,000
|
|
350,000
|
|
| 2028 |
425,000
|
|
425,000
|
|
| 2029 |
700,000
|
|
700,000
|
|
| 2030 |
1,150,000
|
|
1,150,000
|
|
| Thereafter |
8,268,605
|
|
8,268,605
|
|
| Principal |
10,893,605
|
|
10,893,605
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(72,918)
|
|
(72,918)
|
|
| Total Consolidated |
$ 10,820,687
|
|
$ 10,820,687
|
|
| 3.95% Unsecured Senior Notes Payable Due in 2027 |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
3.95%
|
|
3.95%
|
|
| Effective rate (as a percent) |
4.13%
|
|
4.13%
|
|
| Maturity Date |
|
|
Jan. 15, 2027
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
350,000
|
|
350,000
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
350,000
|
|
350,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(167)
|
|
(167)
|
|
| Total Consolidated |
$ 349,833
|
|
$ 349,833
|
|
| 3.95% Unsecured Senior Notes Payable Due in 2028 |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
3.95%
|
|
3.95%
|
|
| Effective rate (as a percent) |
4.07%
|
|
4.07%
|
|
| Maturity Date |
|
|
Jan. 15, 2028
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
425,000
|
|
425,000
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
425,000
|
|
425,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(569)
|
|
(569)
|
|
| Total Consolidated |
$ 424,431
|
|
$ 424,431
|
|
| 4.50% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.50%
|
|
4.50%
|
|
| Effective rate (as a percent) |
4.60%
|
|
4.60%
|
|
| Maturity Date |
|
|
Jul. 30, 2029
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
300,000
|
|
300,000
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
300,000
|
|
300,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(637)
|
|
(637)
|
|
| Total Consolidated |
$ 299,363
|
|
$ 299,363
|
|
| 2.75% Unsecured Senior Notes Payable Due 2029 |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
2.75%
|
|
2.75%
|
|
| Effective rate (as a percent) |
2.87%
|
|
2.87%
|
|
| Maturity Date |
|
|
Dec. 15, 2029
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
400,000
|
|
400,000
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
400,000
|
|
400,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(1,346)
|
|
(1,346)
|
|
| Total Consolidated |
$ 398,654
|
|
$ 398,654
|
|
| 4.70% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.70%
|
|
4.70%
|
|
| Effective rate (as a percent) |
4.81%
|
|
4.81%
|
|
| Maturity Date |
|
|
Jul. 01, 2030
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
450,000
|
|
450,000
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
450,000
|
|
450,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(1,408)
|
|
(1,408)
|
|
| Total Consolidated |
$ 448,592
|
|
$ 448,592
|
|
| 4.90% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.90%
|
|
4.90%
|
|
| Effective rate (as a percent) |
5.05%
|
|
5.05%
|
|
| Maturity Date |
|
|
Dec. 15, 2030
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
700,000
|
|
700,000
|
|
| Thereafter |
0
|
|
0
|
|
| Principal |
700,000
|
|
700,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(3,359)
|
|
(3,359)
|
|
| Total Consolidated |
$ 696,641
|
|
$ 696,641
|
|
| 3.375% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
3.375%
|
|
3.375%
|
|
| Effective rate (as a percent) |
3.48%
|
|
3.48%
|
|
| Maturity Date |
|
|
Aug. 15, 2031
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
750,000
|
|
750,000
|
|
| Principal |
750,000
|
|
750,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(3,219)
|
|
(3,219)
|
|
| Total Consolidated |
$ 746,781
|
|
$ 746,781
|
|
| 2.00% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
2.00%
|
|
2.00%
|
|
| Effective rate (as a percent) |
2.12%
|
|
2.12%
|
|
| Maturity Date |
|
|
May 18, 2032
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
900,000
|
|
900,000
|
|
| Principal |
900,000
|
|
900,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(5,347)
|
|
(5,347)
|
|
| Total Consolidated |
$ 894,653
|
|
$ 894,653
|
|
| 1.875% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
1.875%
|
|
1.875%
|
|
| Effective rate (as a percent) |
1.97%
|
|
1.97%
|
|
| Maturity Date |
|
|
Feb. 01, 2033
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
1,000,000
|
|
1,000,000
|
|
| Principal |
1,000,000
|
|
1,000,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(5,586)
|
|
(5,586)
|
|
| Total Consolidated |
$ 994,414
|
|
$ 994,414
|
|
| 2.95% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
2.95%
|
|
2.95%
|
|
| Effective rate (as a percent) |
3.07%
|
|
3.07%
|
|
| Maturity Date |
|
|
Mar. 15, 2034
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
800,000
|
|
800,000
|
|
| Principal |
800,000
|
|
800,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(5,905)
|
|
(5,905)
|
|
| Total Consolidated |
$ 794,095
|
|
$ 794,095
|
|
| 4.75% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.75%
|
|
4.75%
|
|
| Effective rate (as a percent) |
4.88%
|
|
4.88%
|
|
| Maturity Date |
|
|
Apr. 15, 2035
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
500,000
|
|
500,000
|
|
| Principal |
500,000
|
|
500,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(4,155)
|
|
(4,155)
|
|
| Total Consolidated |
$ 495,845
|
|
$ 495,845
|
|
| 5.50% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
5.50%
|
|
5.50%
|
|
| Effective rate (as a percent) |
5.66%
|
|
5.66%
|
|
| Maturity Date |
|
|
Oct. 01, 2035
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
550,000
|
|
550,000
|
|
| Principal |
550,000
|
|
550,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(5,852)
|
|
(5,852)
|
|
| Total Consolidated |
$ 544,148
|
|
$ 544,148
|
|
| 5.25% Unsecured Senior Notes Payable due 2036 |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
5.25%
|
|
5.25%
|
|
| Effective rate (as a percent) |
5.41%
|
|
5.41%
|
|
| Maturity Date |
|
|
Mar. 15, 2036
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
750,000
|
|
750,000
|
|
| Principal |
750,000
|
|
750,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(10,601)
|
|
(10,601)
|
|
| Total Consolidated |
$ 739,399
|
|
$ 739,399
|
|
| 5.25% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
5.25%
|
|
5.25%
|
5.25%
|
| Effective rate (as a percent) |
5.38%
|
|
5.38%
|
|
| Maturity Date |
|
|
May 15, 2036
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
400,000
|
|
400,000
|
|
| Principal |
400,000
|
|
400,000
|
$ 750,000
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(3,508)
|
|
(3,508)
|
|
| Total Consolidated |
$ 396,492
|
|
$ 396,492
|
|
| 4.85% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.85%
|
|
4.85%
|
|
| Effective rate (as a percent) |
4.93%
|
|
4.93%
|
|
| Maturity Date |
|
|
Apr. 15, 2049
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
300,000
|
|
300,000
|
|
| Principal |
300,000
|
|
300,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(2,670)
|
|
(2,670)
|
|
| Total Consolidated |
$ 297,330
|
|
$ 297,330
|
|
| 4.00% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
4.00%
|
|
4.00%
|
|
| Effective rate (as a percent) |
3.95%
|
|
3.95%
|
|
| Maturity Date |
|
|
Feb. 01, 2050
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
390,801
|
|
390,801
|
|
| Principal |
390,801
|
|
390,801
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
5,419
|
|
5,419
|
|
| Total Consolidated |
$ 396,220
|
|
$ 396,220
|
|
| 3.00% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
3.00%
|
|
3.00%
|
|
| Effective rate (as a percent) |
3.16%
|
|
3.16%
|
|
| Maturity Date |
|
|
May 18, 2051
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
352,398
|
|
352,398
|
|
| Principal |
352,398
|
|
352,398
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(4,373)
|
|
(4,373)
|
|
| Total Consolidated |
$ 348,025
|
|
$ 348,025
|
|
| 3.55% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
3.55%
|
|
3.55%
|
|
| Effective rate (as a percent) |
3.70%
|
|
3.70%
|
|
| Maturity Date |
|
|
Mar. 15, 2052
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
475,406
|
|
475,406
|
|
| Principal |
475,406
|
|
475,406
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(6,127)
|
|
(6,127)
|
|
| Total Consolidated |
$ 469,279
|
|
$ 469,279
|
|
| 5.15% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
5.15%
|
|
5.15%
|
|
| Effective rate (as a percent) |
5.26%
|
|
5.26%
|
|
| Maturity Date |
|
|
Apr. 15, 2053
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
500,000
|
|
500,000
|
|
| Principal |
500,000
|
|
500,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(7,204)
|
|
(7,204)
|
|
| Total Consolidated |
$ 492,796
|
|
$ 492,796
|
|
| 5.625% Unsecured Senior Notes Payable |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
5.625%
|
|
5.625%
|
|
| Effective rate (as a percent) |
5.71%
|
|
5.71%
|
|
| Maturity Date |
|
|
May 15, 2054
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
600,000
|
|
600,000
|
|
| Principal |
600,000
|
|
600,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(6,304)
|
|
(6,304)
|
|
| Total Consolidated |
593,696
|
|
593,696
|
|
| Unsecured senior line of credit |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
$ 5,000,000
|
|
5,000,000
|
|
| Applicable margin (as a percent) |
0.725%
|
0.835%
|
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| Total Consolidated |
$ 0
|
|
$ 0
|
|
| Junior Subordinated Debt |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Stated interest rate (as a percent) |
7.25%
|
|
7.25%
|
|
| Effective rate (as a percent) |
7.37%
|
|
7.37%
|
|
| Maturity Date |
|
|
Feb. 15, 2057
|
|
| Applicable margin (as a percent) |
|
|
2.889%
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
1,000,000
|
|
1,000,000
|
|
| Principal |
1,000,000
|
|
1,000,000
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(14,857)
|
|
(14,857)
|
|
| Total Consolidated |
985,143
|
|
985,143
|
|
| Commercial Paper |
|
|
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| Principal |
$ 1,090,000
|
|
$ 1,090,000
|
|
| Commercial Paper | Unsecured senior line of credit |
|
|
|
|
| Debt Instrument |
|
|
|
|
| Effective rate (as a percent) |
4.40%
|
|
4.40%
|
|
| Maturity Date |
|
|
Jan. 22, 2032
|
|
| Future principal payments due on secured and unsecured debt |
|
|
|
|
| 2026 |
$ 0
|
|
$ 0
|
|
| 2027 |
0
|
|
0
|
|
| 2028 |
0
|
|
0
|
|
| 2029 |
0
|
|
0
|
|
| 2030 |
0
|
|
0
|
|
| Thereafter |
1,092,450
|
|
1,092,450
|
|
| Principal |
1,092,450
|
|
1,092,450
|
|
| Unamortized (Deferred Financing Cost), (Discount)/ Premium |
(1,284)
|
|
(1,284)
|
|
| Total Consolidated |
$ 1,091,166
|
|
$ 1,091,166
|
|