Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Summary of Net Operating Income ('"NOI")

The following tables provide information about the Company's reportable segment's revenues, significant expenses, net operating income ("NOI") and the reconciliation of NOI to the Company’s consolidated Net income:

	Three months ended September 30,						Nine months ended September 30,
	2025			2024			2025			2024
Lease income	$	413,947			383,762		$	1,227,950			1,151,343
Other property income		3,201			4,644			11,193			12,016
Less:
Straight-line rent on lease income		(7,642	)		(6,444	)		(20,425	)		(16,258	)
Above/below market rent amortization, net		(5,968	)		(5,916	)		(18,892	)		(19,545	)
Total real estate revenues		403,538			376,046			1,199,826			1,127,556
Operating expenses (1)		(70,073	)		(64,792	)		(209,201	)		(196,951	)
Real estate taxes		(51,597	)		(50,094	)		(154,286	)		(148,115	)
NOI	$	281,868			261,160		$	836,339			782,490

(1)Operating expenses include Operating and maintenance, Ground rent and Termination expense

Summary of Reconciliation of NOI to Net Income

	Three months ended September 30,						Nine months ended September 30,
	2025			2024			2025			2024
Reconciliation of NOI to Net income:
NOI	$	281,868			261,160		$	836,339			782,490
Consolidated:
Straight-line rent on lease income		6,743			5,163			18,137			14,877
Above/below market rent amortization, net		5,784			5,726			18,265			18,990
Management, transaction, and other fees		6,720			6,765			20,776			19,896
Straight-line rent on ground rent		(336	)		(337	)		(1,009	)		(1,014	)
Above/below market ground rent amortization		(535	)		(536	)		(1,602	)		(1,606	)
Depreciation and amortization		(102,799	)		(100,955	)		(299,108	)		(299,508	)
General and administrative		(27,060	)		(25,073	)		(74,140	)		(75,443	)
Other operating expenses		(1,770	)		(3,654	)		(5,402	)		(9,363	)
Other expense, net		(45,897	)		(34,290	)		(145,610	)		(94,898	)
Add: Share of noncontrolling interests excluded from NOI		1,998			2,099			6,402			6,181
Less: Equity in income of investments in real estate excluded from NOI		(12,099	)		(12,492	)		(40,229	)		(39,439	)
Net income	$	112,617			103,576		$	332,819			321,163