XML 104 R93.htm IDEA: XBRL DOCUMENT v3.25.3
Variable Interest Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets:                    
Net real estate investments $ 48,352,606   $ 48,352,606       $ 43,851,677 [1]      
Cash and cash equivalents 6,806,507   6,806,507       3,506,586 [1]      
Receivables and other assets 2,375,644   2,375,644       1,712,402 [1]      
Investments in unconsolidated entities 1,835,979   1,835,979       1,768,772 [1]      
Total assets 59,504,802   59,504,802       51,044,308 [1]      
Liabilities and equity:                    
Senior unsecured notes   14,365,008   14,365,008       13,162,102 [1]      
Secured debt 2,487,354   2,487,354       2,338,155 [1]      
Lease liabilities 1,311,600   1,311,600       1,258,099 [1]      
Accrued expenses and other liabilities 2,028,458   2,028,458       1,713,366 [1]      
Total equity 39,028,018 $ 30,793,821 39,028,018 $ 30,793,821 $ 36,263,114 $ 34,304,516 32,316,366 [1] $ 29,426,306 $ 28,246,993 $ 26,081,122
Total liabilities and equity   59,504,802   59,504,802       51,044,308 [1]      
Revenues 2,685,692 2,055,663 7,657,023 5,740,288            
VIE, Primary Beneficiary                    
Assets:                    
Net real estate investments 5,299,431   5,299,431       3,503,190      
Cash and cash equivalents 17,358   17,358       14,274      
Receivables and other assets 260,788   260,788       152,071      
Investments in unconsolidated entities 90,565   90,565       0      
Total assets 5,668,142   5,668,142       3,669,535      
Liabilities and equity:                    
Senior unsecured notes   76,798   76,798       0      
Secured debt 234,123   234,123       232,530      
Lease liabilities 2,534   2,534       2,536      
Accrued expenses and other liabilities 15,793   15,793       14,867      
Total equity 5,338,894   5,338,894       3,419,602      
Total liabilities and equity   5,668,142   5,668,142       $ 3,669,535      
Revenues $ 188,457 $ 100,951 $ 500,591 $ 297,866            
[1] The consolidated balance sheet at December 31, 2024 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.