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Reportable Segments - Reportable Segment Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]      
Revenues $ 2,139,665 $ 1,956,621  
Expenses (558,743) (545,312)  
Operating income 878,413 720,355  
General and administrative expenses (114,701) (111,291)  
Depreciation and amortization expenses (652,058) (637,505)  
Gains on dispositions of development properties and land, net 27,451 40,308  
Gains on other dispositions of investments in real estate, net 36,799 17,534  
Earnings from unconsolidated entities, net 67,899 72,472  
Gains (losses) on early extinguishment of debt, net 0 536  
Earnings before income taxes 682,903 663,607  
Total assets 95,993,391   $ 95,328,909
Investments in and advances to unconsolidated entities 10,287,314   10,079,448
Assets held for sale or contribution 545,542   248,511
Cash and cash equivalents 671,117   1,318,591
Other assets 5,038,705   5,194,342
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Operating income 1,580,922 1,411,309  
Total assets [1] 83,818,085   82,981,704
Operating Segments [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,998,526 1,828,209  
Expenses (497,966) (466,501)  
Operating income 1,500,560 1,361,708  
Total assets 83,782,133   82,945,758
Operating Segments [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Revenues 141,139 128,412  
Expenses (60,777) (78,811)  
Operating income 80,362 49,601  
Total assets [1] 35,952   35,946
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,913,893 1,757,371  
Expenses [2] (471,212) (444,750)  
Operating income [2] 1,442,681 1,312,621  
Total assets 77,163,735   76,857,293
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Revenues 48,368 46,103  
Expenses [2] (28,533) (40,957)  
Operating income [2] 19,835 5,146  
Total assets [1] 10,499   10,499
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues 46,323 29,723  
Expenses (8,327) (6,830)  
Operating income 37,996 22,893  
Total assets 2,993,137   2,814,141
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Revenues 21,174 16,285  
Expenses (2,982) (6,322)  
Operating income 18,192 9,963  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues 25,427 28,733  
Expenses (13,533) (9,959)  
Operating income 11,894 18,774  
Total assets [1] 2,769,278   2,554,514
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Revenues 51,011 44,800  
Expenses (17,577) (21,708)  
Operating income 33,434 23,092  
Total assets 25,280   25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Revenues 12,883 12,382  
Expenses (4,894) (4,962)  
Operating income 7,989 7,420  
Total assets 855,983   719,810
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Revenues 20,586 21,224  
Expenses (11,685) (9,824)  
Operating income 8,901 11,400  
Total assets [1] 173   167
Non Segment Items [Member]      
Segment Reporting Information [Line Items]      
Operating income 878,413 720,355  
General and administrative expenses (114,701) (111,291)  
Depreciation and amortization expenses (652,058) (637,505)  
Gains on dispositions of development properties and land, net 27,451 40,308  
Gains on other dispositions of investments in real estate, net 36,799 17,534  
Earnings from unconsolidated entities, net 67,899 72,472  
Interest expense (231,751) (193,320)  
Foreign currency, derivative and other gains (losses) and other income (expense), net (31,658) 63,564  
Gains (losses) on early extinguishment of debt, net 0 536  
Earnings before income taxes 682,903 $ 663,607  
Total assets 12,175,306   12,347,205
Investments in and advances to unconsolidated entities 10,287,314   10,079,448
Assets held for sale or contribution 545,542   248,511
Cash and cash equivalents 671,117   1,318,591
Other assets $ 671,333   $ 700,655
[1] Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital Segment. Goodwill was $25.3 million at March 31, 2025 and December 31, 2024.
[2] This includes compensation and personnel costs for employees who were located in the U.S. but also support other geographies.