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Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Future Undiscounted Cash Flows Under Non-Cancelable Operating Leases
As of December 31, 2025, future undiscounted cash flows under non-cancelable operating leases were as follows:
(Amounts in thousands)As of December 31, 2025
For the year ended December 31, 
2026$1,247,189 
20271,244,027 
20281,250,190 
20291,151,259 
20301,054,372 
Thereafter8,022,048 
Schedule of Amounts Included in Measurement of Lease Liability
The following table sets forth information related to the measurement of our lease liabilities.
(Amounts in thousands)For the Year Ended December 31,
202520242023
Weighted average remaining lease term (in years)46.747.247.9
Weighted average discount rate5.60%5.59%5.59%
Cash paid for operating leases$53,313 
(1)
$22,466 $22,499 
________________________________________
(1)Includes a 2025 payment of $19,236 for prior period PENN 1 ground rent owed based on the April 2025 rent reset determination. See below for further details.
Schedule of Rent Expense The following table sets forth the details of our rent expense.
(Amounts in thousands)For the Year Ended December 31,
202520242023
Fixed rent expense$48,148 $45,941 $46,538 
Variable rent expense(15,919)14,573 14,679 
Rent expense$32,229 $60,514 $61,217 
Schedule of Future Lease Payments Due Under Operating Ground Leases
As of December 31, 2025, future lease payments due under operating ground leases were as follows:
(Amounts in thousands)As of December 31, 2025
For the year ended December 31,
2026$45,064 
202746,273 
202846,678 
202947,107 
203047,562 
Thereafter1,768,928 
Total undiscounted cash flows2,001,612 
Present value discount(1,301,972)
Lease liabilities$699,640