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

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable, Net

A.	Accounts receivable, net, consist of the following at:	March 31, 2026		December 31, 2025
	Straight-line rent receivables, net	$	918,236	$	880,341
	Client receivables, net	198,907		173,146
		$	1,117,143	$	1,053,487

The following table presents information about our loans as of March 31, 2026 and December 31, 2025 (dollars in millions):

	March 31, 2026
Loan Type	Principal Balance		Total Carrying Value (1)		Future Funding Commitments (2)		Weighted Average Term (Years) (3)	Weighted Average Interest Rate (4)
Secured Loans	$	1,602.9	$	1,554.1	$	72.3	4.3	8.5	%
Construction Loans	87.5		88.7		177.1		1.6	8.3
Mortgage Loans	256.8		256.9		109.2		4.9	7.6
Unsecured and Mezzanine Loans	783.2		772.5		31.5		3.0	8.6
Total	$	2,730.4	$	2,672.2	$	390.1	3.9	8.4	%
	December 31, 2025
Loan Type	Principal Balance		Total Carrying Value (1)		Future Funding Commitments (2)		Weighted Average Term (Years) (3)	Weighted Average Interest Rate (4)
Secured Loans	$	1,250.4	$	1,214.1	$	—	4.6	8.8	%
Mortgage Loans	256.2		256.2		34.0		5.1	7.6
Unsecured and Mezzanine Loans	214.7		211.8		—		2.9	10.3
Total	$	1,721.3	$	1,682.1	$	34.0	4.5	8.8	%

(1)Total carrying value includes unamortized loan origination costs and allowances for credit losses. Total carrying amount excludes interest receivable of $40.3 million and $27.8 million as of March 31, 2026 and December 31, 2025, respectively, which is presented in 'Other assets, net' on our consolidated balance sheets.

(2)Our future funding commitments are subject to our borrowers’ compliance with the financial covenants and other applicable provisions of each respective loan agreement.

(3)Based on original contractual maturity date assuming no extension options are exercised.

(4)The weighted average interest rate is based on outstanding principal balances and interest rates in place as of March 31, 2026 and December 31, 2025.

The following table summarizes the activity within loans receivable, net for the three months ended March 31, 2026 (in millions):

Loans receivable, net as of December 31, 2025	$	1,682.1
Principal fundings	1,031.5
Interest drawn on loans	4.0
Accretion of original issue cost	0.4
Change in allowance for credit losses	(18.7)
Foreign currency remeasurement	(27.1)
Loans receivable, net as of March 31, 2026	$	2,672.2

The following table presents information about our investments in sale-leaseback transactions accounted for as financing receivables in accordance with ASC 842, Leases, as of March 31, 2026 and December 31, 2025 (dollars in millions):

		Carrying Value as of
	Maturity	March 31, 2026		December 31, 2025
Financing receivables, net	2026 - 2050	$	1,544.1	$	1,574.6
Total		$	1,544.1	$	1,574.6

Schedule of Lease Intangible Assets, Net

B.	Lease intangible assets, net, consist of the following at:	March 31, 2026		December 31, 2025
	In-place leases	$	7,740,659	$	7,627,840
	Above-market leases	2,263,966		2,251,857
	Accumulated amortization of in-place leases	(3,368,009)		(3,220,426)
	Accumulated amortization of above-market leases	(990,236)		(944,198)
	Other items	2,124		2,168
		$	5,648,504	$	5,717,241

Schedule of Other Assets, Net

C.	Other assets, net, consist of the following at:	March 31, 2026		December 31, 2025
	Loans receivable, net	$	2,672,184	$	1,682,117
	Financing receivables, net	1,544,128		1,574,574
	Right of use asset - financing leases, net	808,043		827,644
	Investment in preferred equity	803,947		800,472
	Right of use asset - operating leases, net	589,433		592,319
	Restricted escrow deposits	146,818		83,200
	Prepaid expenses	101,187		76,207
	Value-added tax receivable	97,659		75,005
	Derivative assets and receivables - at fair value	67,139		8,018
	Interest receivable	45,249		33,805
	Revolving credit facilities origination costs, net	22,400		25,246
	Corporate assets, net	15,045		15,159
	Investment in sales type lease	6,224		6,206
	Impounds related to mortgages payable	3,682		2,714
	Non-refundable escrow deposits	2,185		3,150
	Other items	95,906		89,864
		$	7,021,229	$	5,895,700

Schedule of Account Payable and Accrued Expenses

D.	Accounts payable and accrued expenses consist of the following at:	March 31, 2026		December 31, 2025
	Notes payable - interest payable	$	306,729	$	303,557
	Derivative liabilities and payables - at fair value	131,834		205,695
	Property taxes payable	88,129		92,246
	Value-added tax payable	82,660		76,009
	Accrued property expenses	78,035		69,258
	Accrued income taxes	74,887		120,228
	Accrued costs on properties under development	38,215		36,064
	Mortgages, term loans, and credit line - interest payable	4,102		2,699
	Other items	148,613		155,213
		$	953,204	$	1,060,969

Schedule of Lease Intangible Liabilities, Net

E.	Lease intangible liabilities, net, consist of the following at:	March 31, 2026		December 31, 2025
	Below-market leases	$	2,151,816	$	2,135,262
	Accumulated amortization of below-market leases	(673,304)		(641,304)
		$	1,478,512	$	1,493,958

Schedule of Other Liabilities

F.	Other liabilities consist of the following at:	March 31, 2026		December 31, 2025
	Lease liability - operating leases	$	423,553	$	429,675
	Rent received in advance and other deferred revenue	381,093		460,968
	Lease liability - financing leases	121,561		121,434
	Security deposits	38,725		39,036
	Other items	38,712		15,696
		$	1,003,644	$	1,066,809