CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 768,147	$ 665,991
Adjustments to net income:
Depreciation and amortization	1,888,765	1,788,973
Amortization of share-based compensation	21,728	47,671
Non-cash revenue adjustments	(85,437)	(95,324)
Amortization of deferred financing costs	21,057	17,694
Foreign currency and unrealized derivative gain, net	(26,248)	(33,582)
Non-cash interest expense	1,968	9,179
Gain on sales of real estate	(110,210)	(92,290)
Equity in earnings of unconsolidated entities	(10,706)	(5,440)
Distributions on common equity from unconsolidated entities	30,433	15,608
Provisions for impairment	346,924	282,867
Deferred income taxes	4,138	0
Change in assets and liabilities
Accounts receivable and other assets	(130,872)	40,338
Accounts payable, accrued expenses and other liabilities	68,639	(36,471)
Net cash provided by operating activities	2,791,320	2,601,313
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in real estate	(3,086,544)	(1,611,794)
Improvements to real estate, including leasing costs	(82,365)	(85,204)
Investment in unconsolidated entities	(23,601)	(57,014)
Investment in loans	(807,433)	(377,490)
Proceeds from sales of real estate	424,206	451,365
Proceeds from note receivable	22,914	51,562
Insurance proceeds received	3,072	2,418
Non-refundable escrow deposits	200
Non-refundable escrow deposits		(38,750)
Net cash acquired in merger	0	93,683
Net cash used in investing activities	(3,549,551)	(1,571,224)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash distributions to common stockholders	(2,177,133)	(1,999,858)
Cash distributions to preferred stockholders	0	(7,763)
Borrowings on revolving credit facilities and commercial paper programs	13,513,413	24,698,502
Payments on revolving credit facilities and commercial paper programs	(12,881,370)	(25,079,449)
Principal payment on term loans	(800,000)	(250,000)
Proceeds from notes payable issued	2,091,750	2,657,925
Principal payment on notes payable	(500,000)	(849,999)
Principal payments on mortgages payable	(44,213)	(626,321)
Proceeds from common stock offerings, net	1,561,854	809,910
Proceeds from dividend reinvestment and stock purchase plan	8,845	8,814
Redemption of preferred stock	0	(172,510)
Distributions to noncontrolling interests	(8,992)	(7,185)
Debt issuance costs	(65,195)	(59,285)
Other items, including shares withheld upon vesting	(9,672)	(8,591)
Net cash provided by (used in) financing activities	689,287	(885,810)
Effect of exchange rate changes on cash and cash equivalents	16,577	11,423
Net (decrease) increase in cash, cash equivalents and restricted cash	(52,367)	155,702
Cash, cash equivalents and restricted cash, beginning of period	495,506	292,175
Cash, cash equivalents and restricted cash, end of period	443,139	447,877
Mortgages Payable
Adjustments to net income:
Amortization of net discounts (premiums)	211	(18)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on mortgages payable	(44,200)
Notes Payable
Adjustments to net income:
Amortization of net discounts (premiums)	$ 2,783	$ (3,883)