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Reconciliation of net income to taxable income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Net (loss) income $ (1,216,726) $ 510,733 $ 280,994
Net income attributable to noncontrolling interests (212,844) (187,784) (177,355)
Rental revenue recognition   (32,749) 128,938
Depreciation and amortization   361,529 331,322
Share-based compensation   47,948 73,320
Interest expense   (85,378) (126,756)
Sales of property   155,753 7,784
Impairments   92,738 80,134
Non-real estate investments loss   133,960 209,092
Lease recognition $ (127,719) 5,840  
Other   3,573 15,463
Taxable income before dividend deduction   872,604 828,776
Dividend deduction necessary to eliminate taxable income   (872,604) (828,776)
Estimated income subject to federal income tax   0 0
Common stock and preferred stock distributions paid   $ 898,600 $ 847,500