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Segment and Geographic Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Income and Comprehensive Income Our significant segment expenses include consolidated expense categories presented in our consolidated statements of income and comprehensive income, as well as additional significant segment expense categories reported within 'Property (including reimbursements)' and 'General and administrative' expense captions, as follows (in thousands):
Three months ended
September 30,
Nine months ended
 September 30,
2025202420252024
Property expenses (excluding reimbursements)$24,104 $17,806 $63,405 $53,736 
Cash G&A expenses (1)
$47,320 $35,468 $126,684 $104,861 
(1) Represents 'General and administrative' expenses as presented in our consolidated statements of income and comprehensive income, less share-based compensation costs.
Schedule of Disaggregation of Revenue by Segment
The following table disaggregates domestic and international revenue by major asset types and geographic regions (in thousands):
Three months ended September 30,
20252024
U.S.U.K.
Other (1)
TotalU.S.U.K.
Other (1)
Total
Retail$892,108 $161,040 $51,810 $1,104,958 $844,330 $132,123 $31,527 $1,007,980 
Industrial 193,018 17,574 8,754 219,346 190,034 12,161 — 202,195 
Other (2)
61,451 747 — 62,198 60,972 — 60,978 
Rental (including reimbursements)$1,146,577 $179,361 $60,564 $1,386,502 $1,095,336 $144,290 $31,527 $1,271,153 
Other revenue 84,050 59,762 
Total revenue $1,470,552 $1,330,915 
Nine months ended September 30,
20252024
U.S.U.K.
Other (1)
TotalU.S.U.K.
Other (1)
Total
Retail$2,614,542 $454,710 $138,416 $3,207,668 $2,513,959 $372,644 $98,782 $2,985,385 
Industrial 586,652 41,819 13,291 641,762 558,267 36,044 — 594,311 
Other (2)
185,080 3,237 — 188,317 184,348 — 184,354 
Rental (including reimbursements)$3,386,274 $499,766 $151,707 $4,037,747 $3,256,574 $408,694 $98,782 $3,764,050 
Other revenue 223,688 166,793 
Total revenue $4,261,435 $3,930,843 
(1) Other includes rental revenue generated from all other European countries we operate in.
(2) Other includes all other property types in our portfolio.
Schedule of Disaggregation of Long-Lived Assets The following table disaggregates domestic and international total long-lived assets (in millions):
September 30, 2025December 31, 2024
U.S.U.K.
Other (1)
TotalU.S.U.K.
Other (1)
Total
Long-lived assets$42,442.5 $9,083.6 $2,649.1 $54,175.2 $43,186.5 $7,485.6 $1,617.7 $52,289.8 
Remaining assets17,103.8 16,545.2 
Total assets$71,279.0 $68,835.0 
(1) Other includes long-lived assets in all other European countries we operate in.