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Business Segments - Reportable Business Segment Revenues, Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]          
Total revenues $ 2,036,389 $ 1,914,664 $ 6,000,964 $ 6,134,222  
Operating income 1,250,971 882,108 2,994,664 2,872,941  
General and administrative expenses (98,154) (96,673) (316,041) (292,097)  
Depreciation and amortization expenses (649,265) (642,010) (1,924,075) (1,846,545)  
Gains on dispositions of development properties and land, net 32,005 89,030 159,487 273,907  
Gains on other dispositions of investments in real estate, net [1] 434,446 129,584 651,306 158,392  
Earnings from unconsolidated entities, net 84,749 71,365 259,558 217,786  
Gains on early extinguishment of debt, net 0 0 536 3,275  
Earnings before income taxes 1,067,665 840,384 2,685,832 2,729,802  
Total assets 95,905,196   95,905,196   $ 93,020,840
Investments in and advances to unconsolidated entities 10,092,765   10,092,765   9,543,970
Assets held for sale or contribution 325,987   325,987   461,657
Cash and cash equivalents 780,871   780,871   530,388
Other assets 4,944,799   4,944,799   4,749,735
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Operating income [2] 1,531,939 1,402,177 4,423,987 4,579,284  
Total assets [3] 84,084,673   84,084,673   81,859,441
Operating Segments [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,901,022 1,777,816 5,582,443 5,063,638  
Operating income [2] 1,457,914 1,349,398 4,216,155 3,815,384  
Total assets 84,048,706   84,048,706   81,823,459
Operating Segments [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 135,367 136,848 418,521 1,070,584  
Operating income [2] 74,025 52,779 207,832 763,900  
Total assets [3] 35,967   35,967   35,982
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,819,965 1,705,656 5,359,141 4,866,508  
Operating income [2],[4] 1,403,563 1,295,042 4,062,185 3,671,766  
Total assets 77,402,504   77,402,504   76,633,566
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 46,388 53,077 137,517 786,222  
Operating income [2],[4] 15,794 6,302 31,244 622,802  
Total assets [3] 10,499   10,499   10,499
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 34,604 29,442 95,486 81,576  
Operating income [2] 27,784 23,184 75,040 62,429  
Total assets 2,648,457   2,648,457   2,029,438
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 16,342 14,054 73,785 74,139  
Operating income [2] 12,322 7,147 56,744 53,962  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 28,858 29,101 83,286 69,368  
Operating income [2] 15,120 22,235 50,649 51,493  
Total assets 2,994,859   2,994,859   2,366,539
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 49,843 45,457 141,745 135,267  
Operating income [2] 32,226 27,187 82,343 53,288  
Total assets [3] 25,280   25,280   25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 17,595 13,617 44,530 46,186  
Operating income [2] 11,447 8,937 28,281 29,696  
Total assets 1,002,886   1,002,886   793,916
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues [2] 22,794 24,260 65,474 74,956  
Operating income [2] 13,683 12,143 37,501 33,848  
Total assets [3] 188   188   203
Non Segment Items [Member]          
Segment Reporting Information [Line Items]          
Operating income 1,250,971 882,108 2,994,664 2,872,941  
General and administrative expenses (98,154) (96,673) (316,041) (292,097)  
Depreciation and amortization expenses (649,265) (642,010) (1,924,075) (1,846,545)  
Gains on dispositions of development properties and land, net 32,005 89,030 159,487 273,907  
Gains on other dispositions of investments in real estate, net 434,446 129,584 651,306 158,392  
Earnings from unconsolidated entities, net 84,749 71,365 259,558 217,786  
Interest expense (230,113) (181,053) (631,700) (466,882)  
Foreign currency, derivative and other gains (losses) and other income (expense), net (37,942) 67,964 62,774 102,682  
Gains on early extinguishment of debt, net 0 0 536 3,275  
Earnings before income taxes 1,067,665 $ 840,384 2,685,832 $ 2,729,802  
Total assets 11,820,523   11,820,523   11,161,399
Investments in and advances to unconsolidated entities 10,092,765   10,092,765   9,543,970
Assets held for sale or contribution 325,987   325,987   461,657
Cash and cash equivalents 780,871   780,871   530,388
Other assets $ 620,900   $ 620,900   $ 625,384
[1] During the nine months ended September 30, 2023, we sold our ownership interest in an unconsolidated office joint venture.
[2] Net Operating Income ("NOI") from the Real Estate Segment is calculated directly from the Consolidated Financial Statements as Rental Revenues and Development Management and Other Revenues less Rental Expenses and Other Expenses. NOI from the Strategic Capital Segment is calculated directly from the Consolidated Financial Statements as Strategic Capital Revenues less Strategic Capital Expenses.
[3] Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital Segment. Goodwill was $25.3 million at September 30, 2024 and December 31, 2023.
[4] This includes compensation and personnel costs for employees who were located in the U.S. but also support other geographies.