Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Minimum Lease Payments on Leases

The following table summarizes the minimum lease payments due from our customers on leases for space in our operating properties, prestabilized and under development properties, other real estate investments and assets held for sale or contribution at December 31, 2023 (in thousands):

2024	$	4,985,561
2025		4,793,495
2026		4,250,129
2027		3,514,299
2028		2,753,907
Thereafter		10,201,357
Total	$	30,498,748

Future Minimum Rental Payments under Non-Cancelable Operating Leases

The following table summarizes the fixed, future minimum rental payments, excluding variable costs, for leases that had commenced at December 31, 2023, with amounts discounted at lease commencement by our incremental borrowing rates to calculate the lease liabilities of our leases (in thousands):

2024	$	75,926
2025		62,009
2026		51,669
2027		46,372
2028		38,848
Thereafter		1,110,251
Total undiscounted rental payments		1,385,075
Less imputed interest		787,512
Total lease liabilities	$	597,563