XML 75 R49.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Long-Term Debt Maturities (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
2026 [1],[2] $ 1,044,191  
2027 [3] 2,122,531  
2028 2,691,388  
2029 [4] 3,534,476  
2030 2,866,358  
Thereafter 22,936,034  
Subtotal 35,194,978  
Unamortized premiums (discounts), net (390,887)  
Unamortized debt issuance costs, net (134,499)  
Total [5] 34,669,592 $ 35,037,073
Credit Facilities and Commercial Paper [Member]    
Debt Instrument [Line Items]    
2026 [1],[2] 310,446  
2027 [3] 93,419  
2028 0  
2029 [4] 150,000  
2030 0  
Thereafter 0  
Subtotal 553,865  
Unamortized premiums (discounts), net 0  
Unamortized debt issuance costs, net 0  
Total [5] 553,865 44,679
Senior Notes [Member]    
Debt Instrument [Line Items]    
2026 [1],[2] 399,879  
2027 [3] 1,970,940  
2028 2,574,695  
2029 [4] 3,381,285  
2030 2,831,665  
Thereafter 21,355,682  
Subtotal 32,514,146  
Unamortized premiums (discounts), net (397,056)  
Unamortized debt issuance costs, net (129,271)  
Total [5] 31,987,819 32,887,971
Term Loans and Unsecured Other [Member]    
Debt Instrument [Line Items]    
2026 [1],[2] 288,059  
2027 [3] 54,016  
2028 113,652  
2029 [4] 0  
2030 31,348  
Thereafter 1,430,814  
Subtotal 1,917,889  
Unamortized premiums (discounts), net 0  
Unamortized debt issuance costs, net (4,241)  
Total [5] 1,913,648 1,908,723
Secured Mortgage [Member]    
Debt Instrument [Line Items]    
2026 [1],[2] 45,807  
2027 [3] 4,156  
2028 3,041  
2029 [4] 3,191  
2030 3,345  
Thereafter 149,538  
Subtotal 209,078  
Unamortized premiums (discounts), net 6,169  
Unamortized debt issuance costs, net (987)  
Total $ 214,260 $ 195,700
[1] Included in 2026 maturities was the Canadian dollar term loan ($143.5 million at March 31, 2026), which can be extended until 2027, subject to the payment of extension fees.
[2] We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with additional borrowings, including drawing on our available Credit Facilities.
[3] Included in the 2027 maturities were the amounts borrowed on the Yen Credit Facility ($93.4 million, at March 31, 2026), which can be extended until 2028.
[4] Included in the 2029 maturities were the amounts borrowed on the 2025 Global Facility ($150.0 million, at March 31, 2026), which can be extended until 2030.
[5] We borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies:

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

 

Weighted Average Interest Rate

 

Amount Outstanding

 

 

% of Total

 

 

Weighted Average Interest Rate

 

Amount Outstanding

 

 

% of Total

 

 

British pound sterling

 

3.0%

 

$

1,813,412

 

 

 

5.2

%

 

3.0%

 

$

1,843,931

 

 

 

5.3

%

 

Canadian dollar

 

4.4%

 

 

1,968,980

 

 

 

5.7

%

 

4.4%

 

 

2,004,638

 

 

 

5.7

%

 

Euro

 

2.2%

 

 

11,777,170

 

 

 

34.0

%

 

2.2%

 

 

12,302,104

 

 

 

35.1

%

 

Japanese yen

 

1.3%

 

 

2,957,165

 

 

 

8.5

%

 

1.2%

 

 

2,930,594

 

 

 

8.4

%

 

U.S. dollar

 

4.1%

 

 

15,568,447

 

 

 

44.9

%

 

4.1%

 

 

15,385,826

 

 

 

43.9

%

 

Other

 

3.8%

 

 

584,418

 

 

 

1.7

%

 

3.8%

 

 

569,980

 

 

 

1.6

%

 

Total

 

3.2%

 

$

34,669,592

 

 

 

100.0

%

 

3.2%

 

$

35,037,073

 

 

 

100.0

%