Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure Text Block Supplement [Abstract]

Schedule of Accounts Receivable, Net

A.	Accounts receivable, net, consist of the following at:	June 30, 2024		December 31, 2023
	Straight-line rent receivables, net	$	612,934	$	516,692
	Client receivables, net	175,705		193,844
		$	788,639	$	710,536

The following table presents information about our loans as of June 30, 2024 and December 31, 2023 (dollars in thousands):

	June 30, 2024
	Amortized Cost		Allowance (1)		Carrying Amount (2)
Senior Secured Notes Receivable (3)	$	559,580	$	(7,945)	$	551,635
Mortgage Loans	33,500		—		33,500
Unsecured Loan	9,948		(1,035)		8,913
Total	$	603,028	$	(8,980)	$	594,048
	December 31, 2023
	Amortized Cost		Allowance (1)		Carrying Amount (2)
Senior Secured Note Receivable	$	174,337	$	(2,498)	$	171,839
Mortgage Loan	33,500		—		33,500
Total	$	207,837	$	(2,498)	$	205,339

(1) During the six months ended June 30, 2024, our allowance for credit losses increased by $6.5 million, attributable to the loans we acquired in conjunction with our merger with Spirit and another senior secured note we acquired in May 2024.

(2) The total carrying amount of the investment in loans excludes accrued interest of $9.4 million and $3.4 million as of June 30, 2024 and December 31, 2023, respectively, which is recorded to 'Other assets, net' on our consolidated balance sheets.

(3) Includes a loan acquired in conjunction with our merger with Spirit with an estimated acquisition date fair value of $4.6 million. Since it was a purchased credit deteriorated loan, we recorded the initial expected credit loss of $1.8 million by adjusting the amortized cost basis.

Schedule of Lease Intangible Assets, Net

B.	Lease intangible assets, net, consist of the following at:	June 30, 2024		December 31, 2023
	In-place leases	$	7,282,427	$	5,500,404
	Above-market leases	2,191,019		1,811,400
	Accumulated amortization of in-place leases	(2,099,483)		(1,746,377)
	Accumulated amortization of above-market leases	(645,235)		(549,319)
	Other items	1,744		1,799
		$	6,730,472	$	5,017,907

Schedule of Other Assets, Net

C.	Other assets, net, consist of the following at:	June 30, 2024		December 31, 2023
	Financing receivables, net	$	1,553,737	$	1,570,943
	Right of use asset - financing leases	694,253		706,837
	Right of use asset - operating leases, net	641,873		594,712
	Loan receivable, net	594,048		205,339
	Value-added tax receivable	77,936		100,672
	Prepaid expenses	58,996		33,252
	Derivative assets and receivables - at fair value	52,195		21,170
	Restricted escrow deposits	18,806		6,247
	Corporate assets, net	14,226		12,948
	Interest receivable	11,572		6,139
	Impounds related to mortgages payable	11,485		53,005
	Credit facility origination costs, net	9,797		12,264
	Investment in sales type lease	6,098		6,056
	Non-refundable escrow deposits	—		200
	Other items	50,619		38,859
		$	3,795,641	$	3,368,643

Schedule of Account Payable and Accrued Expenses

D.	Accounts payable and accrued expenses consist of the following at:	June 30, 2024		December 31, 2023
	Notes payable - interest payable	$	325,788	$	218,811
	Accrued costs on properties under development	103,715		65,967
	Value-added tax payable	89,955		64,885
	Derivative liabilities and payables - at fair value	88,597		119,620
	Property taxes payable	81,411		78,809
	Accrued income taxes	60,655		61,070
	Accrued property expenses	43,482		54,208
	Accrued merger-related costs	19,077		4,551
	Mortgages, term loans, and credit line - interest payable	4,829		8,580
	Other items	66,578		62,025
		$	884,087	$	738,526

Schedule of Lease Intangible Liabilities, Net

E.	Lease intangible liabilities, net, consist of the following at:	June 30, 2024		December 31, 2023
	Below-market leases	$	2,107,340	$	1,728,027
	Accumulated amortization of below-market leases	(402,593)		(321,174)
		$	1,704,747	$	1,406,853

Schedule of Other Liabilities

F.	Other liabilities consist of the following at:	June 30, 2024		December 31, 2023
	Lease liability - operating leases, net	$	473,173	$	425,213
	Rent received in advance and other deferred revenue	306,203		312,195
	Lease liability - financing leases	55,366		44,345
	Security deposits	30,653		28,250
	Other acquisition liabilities	1,597		1,647
		$	866,992	$	811,650