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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024, aggregated by the level in the fair value hierarchy within which those measurements fall:
  Fair Value Measurements at Reporting Date Using
DescriptionDecember 31, 2024Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Other assets - Cash flow hedge swap agreements$15,733 $— $15,733 $— 
Other liabilities - Cash flow hedge swap agreements710 — 710 — 
Schedule of Fair Value of Financial Instruments
The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated:
 December 31, 2024December 31, 2023
Fair
Value
Carrying
Value
Fair
Value
Carrying
Value
Notes receivable from Preferred and Common Operating Partnership unit holders$52,112 $50,000 $1,886 $1,900 
Fixed rate notes receivable40,818 42,000 — — 
Fixed rate debt8,949,297 9,420,848 7,482,054 8,048,605 
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share
The following table presents the number of weighted OP Units and Preferred OP Units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive:
 For the Year Ended December 31,
 202420232022
 Equivalent Shares (if converted)Equivalent Shares (if converted)Equivalent Shares (if converted)
Common OP Units8,659,092 7,970,487 — 
Series B Units214,836 236,130 187,664 
Series D Units928,637 1,332,049 1,140,513 
9,802,565 9,538,666 1,328,177 
Schedule of Computation of Earnings Per Common Share
The computation of earnings per share is as follows for the periods presented:
 For the Year Ended December 31,
 202420232022
Net income attributable to common stockholders$854,681 $803,198 $860,688 
Earnings and dividends allocated to participating securities(1,495)(1,230)(1,201)
Earnings for basic computations853,186 801,968 859,487 
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units— — 50,706 
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)— — (2,288)
Net income for diluted computations$853,186 $801,968 $907,905 
Weighted average common shares outstanding:
Average number of common shares outstanding - basic 211,575,240 169,216,989 134,050,815 
OP Units— — 6,749,995 
Series A Units— — 875,480 
Shares related to dilutive stock options2,440 3,893 5,098 
Average number of common shares outstanding - diluted211,577,680 169,220,882 141,681,388 
Earnings per common share
Basic$4.03 $4.74 $6.41 
Diluted$4.03 $4.74 $6.41