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Reportable Segments - Reportable Segment Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]                      
Total revenues $ 2,200,646 $ 2,036,389 $ 2,007,954 $ 1,956,621 $ 1,889,247 $ 1,914,664 $ 2,450,971 $ 1,768,587 $ 8,201,610 $ 8,023,469 $ 5,973,692
Total Expenses                 (2,104,285) (2,063,689) (1,549,430)
Operating income 1,421,256 1,250,971 1,023,338 720,355 834,851 882,108 1,411,790 579,043 4,415,920 3,707,792 3,467,538
General and administrative expenses                 (418,765) (390,406) (331,083)
Depreciation and amortization expenses                 (2,580,519) (2,484,891) (1,812,777)
Gains on dispositions of development properties and land, net 254,256 32,005 87,174 40,308 188,363 89,030 184,877 0 413,743 462,270 597,745
Gains on other dispositions of investments in real estate, net 252,830 $ 434,446 $ 199,326 $ 17,534 2,647 $ 129,584 $ 24,761 $ 4,047 904,136 [1] 161,039 [1] 589,391 [1]
Earnings from unconsolidated entities, net                 353,623 307,227 310,872
Interest expense                 (863,932) (641,332) (309,037)
Gains (losses) on early extinguishment of debt, net                 536 3,275 (20,184)
Earnings before income taxes                 4,114,878 3,464,183 3,690,810
Total assets 95,328,909       93,020,840       95,328,909 93,020,840  
Investments in and advances to unconsolidated entities 10,079,448       9,543,970       10,079,448 9,543,970  
Assets held for sale or contribution 248,511       461,657       248,511 461,657  
Cash and cash equivalents 1,318,591       530,388       1,318,591 530,388 278,000
Other assets 5,194,342       4,749,735       5,194,342 4,749,735  
Operating Segments [Member]                      
Segment Reporting Information [Line Items]                      
Operating income                 6,097,325 5,959,780 4,424,262
Total assets [2] 82,981,704       81,859,441       82,981,704 81,859,441  
Operating Segments [Member] | Real Estate Operations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 7,529,703 6,823,237 4,934,107
Total Expenses                 (1,812,429) (1,678,147) (1,246,074)
Operating income                 5,717,274 5,145,090 3,688,033
Total assets 82,945,758       81,823,459       82,945,758 81,823,459  
Operating Segments [Member] | Strategic Capital [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 671,907 1,200,232 1,039,585
Total Expenses                 (291,856) (385,542) (303,356)
Operating income                 380,051 814,690 736,229
Total assets [2] 35,946       35,982       35,946 35,982  
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 7,216,817 6,558,051 4,726,072
Total Expenses [3]                 (1,714,071) (1,603,486) (1,170,445)
Operating income [3]                 5,502,746 4,954,565 3,555,627
Total assets 76,857,293       76,633,566       76,857,293 76,633,566  
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 296,995 833,402 215,416
Total Expenses [3]                 (154,654) (204,066) (155,855)
Operating income [3]                 142,341 629,336 59,561
Total assets [2] 10,499       10,499       10,499 10,499  
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 137,893 110,305 92,751
Total Expenses                 (21,833) (27,018) (18,998)
Operating income                 108,940 84,922 67,552
Total assets 2,814,141       2,029,438       2,814,141 2,029,438  
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 92,307 89,783 82,462
Total Expenses                 (28,953) (25,383) (25,199)
Operating income                 70,474 62,765 63,464
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 115,103 95,915 56,731
Total Expenses                 (46,759) (27,715) (31,993)
Operating income                 68,344 68,200 24,738
Total assets 25,280       25,280       25,280 25,280  
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 194,530 181,651 644,832
Total Expenses                 (75,500) (103,025) (87,156)
Operating income                 119,030 78,626 557,676
Total assets [2] 2,554,514       2,366,539       2,554,514 2,366,539  
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 59,890 58,966 58,553
Total Expenses                 (39,869) (51,433) (41,347)
Operating income                 37,244 37,403 40,116
Total assets 719,810       793,916       719,810 793,916  
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 88,075 95,396 96,875
Total Expenses                 (22,646) (21,563) (18,437)
Operating income                 48,206 43,963 55,528
Total assets [2] 167       203       167 203  
Non Segment Items [Member]                      
Segment Reporting Information [Line Items]                      
Operating income                 4,415,920 3,707,792 3,467,538
General and administrative expenses                 (418,765) (390,406) (331,083)
Depreciation and amortization expenses                 (2,580,519) (2,484,891) (1,812,777)
Gains on dispositions of development properties and land, net                 413,743 462,270 597,745
Gains on other dispositions of investments in real estate, net                 904,136 161,039 589,391
Earnings from unconsolidated entities, net                 353,623 307,227 310,872
Interest expense                 (863,932) (641,332) (309,037)
Foreign currency, derivative and other gains (losses) and other income (expense), net                 208,731 87,221 241,621
Gains (losses) on early extinguishment of debt, net                 536 3,275 (20,184)
Earnings before income taxes                 4,114,878 3,464,183 $ 3,690,810
Total assets 12,347,205       11,161,399       12,347,205 11,161,399  
Investments in and advances to unconsolidated entities 10,079,448       9,543,970       10,079,448 9,543,970  
Assets held for sale or contribution 248,511       461,657       248,511 461,657  
Cash and cash equivalents 1,318,591       530,388       1,318,591 530,388  
Other assets $ 700,655       $ 625,384       $ 700,655 $ 625,384  
[1] In 2024, we had a significant contribution of operating properties to our unconsolidated co-investment venture in the U.S.
[2] Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital Segment. Goodwill was $25.3 million at December 31, 2024, and 2023.
[3] This includes compensation and personnel costs for employees who were located in the U.S. but also support other geographies.