CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 772,202	$ 1,032,906
Adjustments to reconcile net income to net cash flows from operating activities:
Gain on sale of real estate	(208)	(874)
Depreciation and amortization	565,931	568,545
Equity in earnings of unconsolidated real estate entities	(1,397)	(12,570)
Distributions from cumulative equity in earnings of unconsolidated real estate entities	736	9,330
Unrealized foreign currency exchange loss (gain)	215,716	(49,858)
Share-based compensation expense	20,903	21,174
Impairment of real estate investments	3,827	0
Other non-cash adjustments	6,295	5,395
Changes in operating assets and liabilities, excluding the impact of acquisitions:
Other assets	(22,766)	(6,154)
Accrued and other liabilities	16,532	(7,029)
Net cash flows from operating activities	1,577,771	1,560,865
Cash flows from investing activities:
Capital expenditures to maintain real estate facilities	(84,302)	(117,481)
Capital expenditures for property enhancements	0	(63,027)
Capital expenditures for energy efficiencies (LED lighting, solar)	(29,045)	(25,984)
Development and expansion of real estate facilities	(143,146)	(164,932)
Acquisition of real estate facilities and intangible assets	(303,277)	(21,963)
Issuance of notes receivable	(67,876)	0
Distributions in excess of cumulative equity in earnings from unconsolidated real estate entities	0	13,285
Proceeds from sale of real estate investments	2,849	2,443
Net cash flows used in investing activities	(624,797)	(377,659)
Cash flows from financing activities:
Repayments of notes payable	(65)	(808,442)
Issuance of notes payable, net of issuance costs	866,532	1,151,022
Issuance of common shares in connection with share-based compensation	7,779	10,364
Taxes paid upon net share settlement of restricted share units	(3,040)	(5,616)
Repurchase of common shares	0	(200,000)
Acquisition of noncontrolling interests	(9,061)	0
Contributions by noncontrolling interests	2,684	1,418
Distributions paid to preferred shareholders, common shareholders, restricted share unitholders and unvested LTIP unitholders	(1,151,691)	(1,151,394)
Distributions paid to noncontrolling interests	(8,925)	(7,477)
Net cash flows used in financing activities	(295,787)	(1,010,125)
Net increase in cash and equivalents, including restricted cash	657,187	173,081
Cash and equivalents, including restricted cash at beginning of the period:
Cash and equivalents	447,416	370,002
Restricted cash included in other assets	0	30,373
Cash, equivalents, and restricted cash	447,416	400,375
Cash and equivalents, including restricted cash at end of the period:
Cash and equivalents	1,104,603	542,263
Restricted cash included in other assets	0	31,193
Cash, equivalents, and restricted cash	1,104,603	573,456
Costs incurred during the period remaining unpaid at period end for:
Capital expenditures to maintain real estate facilities	(9,718)	(9,589)
Capital expenditures for property enhancements	0	(6,264)
Capital expenditures for energy efficiencies (LED lighting, solar)	(3,282)	(1,582)
Construction or expansion of real estate facilities	(45,729)	(47,175)
Supplemental cash flow information:
Cash paid for interest, net of amounts capitalized	139,685	131,333
Cash paid for income taxes, net of refunds	$ 5,910	$ 6,144