v3.26.3
Segments and Geographic Locations - Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Income:        
Lease Income $ 1,681,393 $ 1,452,930 $ 4,969,633 $ 4,199,812
Management fees and other revenues 46,181 36,925 127,203 108,648
Other Income 86,982 111,717 265,411 264,583
Total revenue 1,814,556 1,601,572 5,362,247 4,573,043
Segment Expenses:        
Property Operating 180,827 149,811 523,026 426,447
Real estate taxes 126,335 115,400 394,200 328,168
Repairs and maintenance 31,600 25,595 104,487 81,975
Advertising and promotion 35,945 38,645 108,930 109,211
Other 43,118 40,195 125,908 106,828
Total segment operating expenses 417,825 369,646 1,256,551 1,052,629
NOI of consolidated entities 1,396,731 1,231,926 4,105,696 3,520,414
Non-Segment Income:        
Income and other tax expense (benefit) (22,565) 15,114 (31,691) 42,584
Income from unconsolidated entities 152,992 143,916 250,871 297,150
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 10,701 10,398 66,294 794
Non-Segment Expenses:        
Depreciation and amortization 510,768 338,639 1,429,541 1,005,748
Home and regional office costs 70,349 64,282 207,847 186,912
General and administrative 11,164 16,091 77,468 43,018
Interest expense 287,590 242,790 844,417 702,509
Loss (gain) due to disposal, exchange, or revaluation of equity interests, net 8,259 8,871 26,588 (71,636)
Unrealized (losses) gains in fair value of publicly traded equity instruments and derivative instrument, net (129,565) 2,243 (160,602) (84,977)
Other expense     130 9
CONSOLIDATED NET INCOME 565,294 702,696 1,707,959 1,824,237
All other & eliminations, net        
Segment Income:        
Lease Income 1,284 (3,844) (2,930) (14,346)
Management fees and other revenues 46,181 36,925 127,203 108,648
Other Income 37,246 70,121 122,887 167,237
Total revenue 84,711 103,202 247,160 261,539
Segment Expenses:        
Property Operating (53,329) (46,914) (161,066) (125,107)
Real estate taxes 146 802 (1,889) (4,377)
Repairs and maintenance 630 522 1,808 1,607
Advertising and promotion (782) (751) (3,516) (3,312)
Other 19,128 22,482 52,182 57,929
Total segment operating expenses (34,207) (23,859) (112,481) (73,260)
NOI of consolidated entities 118,918 127,061 359,641 334,799
Real estate segment | Operating Segments        
Segment Income:        
Lease Income 1,680,109 1,456,774 4,972,563 4,214,158
Other Income 49,736 41,596 142,524 97,346
Total revenue 1,729,845 1,498,370 5,115,087 4,311,504
Segment Expenses:        
Property Operating 234,156 196,725 684,092 551,554
Real estate taxes 126,189 114,598 396,089 332,545
Repairs and maintenance 30,970 25,073 102,679 80,368
Advertising and promotion 36,727 39,396 112,446 112,523
Other 23,990 17,713 73,726 48,899
Total segment operating expenses 452,032 393,505 1,369,032 1,125,889
NOI of consolidated entities $ 1,277,813 $ 1,104,865 $ 3,746,055 $ 3,185,615