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Reportable Segments - Reportable Segment Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Total revenues $ 2,297,723 $ 2,139,665  
Total expenses (612,295) (558,743)  
Operating income 1,211,055 878,413  
General and administrative expenses (126,890) (114,701)  
Depreciation and amortization expenses (731,506) (652,058)  
Gains on dispositions of development properties and land, net 292,983 27,451  
Gains on other dispositions of investments in real estate, net 91,040 36,799  
Earnings from unconsolidated entities, net 93,296 67,899  
Gains (losses) on early extinguishment of debt, net (1,890) 0  
Earnings before income taxes 1,092,786 682,903  
Total assets 98,133,451   $ 98,724,256
Investments in and advances to unconsolidated entities 11,241,723   11,093,936
Assets held for sale or contribution 499,799   203,344
Cash and cash equivalents 861,144   1,145,647
Other assets 5,587,693   5,881,122
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Operating income 1,685,428 1,580,922  
Total assets [1] 84,787,068   85,553,513
Operating Segments [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Total revenues 2,136,911 1,998,526  
Total expenses (530,406) (497,966)  
Operating income 1,606,505 1,500,560  
Total assets 84,754,916   85,521,033
Operating Segments [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Total revenues 160,812 141,139  
Total expenses (81,889) (60,777)  
Operating income 78,923 80,362  
Total assets [1] 32,152   32,480
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Total revenues 2,020,207 1,913,893  
Total expenses [2] (490,025) (471,212)  
Operating income [2] 1,530,182 1,442,681  
Total assets 77,487,439   77,986,597
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Total revenues 54,054 48,368  
Total expenses [2] (39,103) (28,533)  
Operating income [2] 14,951 19,835  
Total assets [1] 6,576   6,893
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Total revenues 55,317 46,323  
Total expenses (12,156) (8,327) [2]  
Operating income 43,161 37,996  
Total assets 3,264,088   3,215,779
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Total revenues 26,355 21,174  
Total expenses (6,775) (2,982)  
Operating income 19,580 18,192  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Total revenues 40,447 25,427  
Total expenses (18,690) (13,533)  
Operating income 21,757 11,894  
Total assets [1] 25,280   25,280
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Total revenues 58,852 51,011  
Total expenses (23,355) (17,577)  
Operating income 35,497 33,434  
Total assets 3,002,989   3,218,384
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]      
Segment Reporting Information [Line Items]      
Total revenues 20,940 12,883  
Total expenses (9,535) (4,894)  
Operating income 11,405 7,989  
Total assets 1,000,400   1,100,273
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]      
Segment Reporting Information [Line Items]      
Total revenues 21,551 20,586  
Total expenses (12,656) (11,685)  
Operating income 8,895 8,901  
Total assets [1] 296   307
Non Segment Items [Member]      
Segment Reporting Information [Line Items]      
Operating income 1,211,055 878,413  
General and administrative expenses (126,890) (114,701)  
Depreciation and amortization expenses (731,506) (652,058)  
Gains on dispositions of development properties and land, net 292,983 27,451  
Gains on other dispositions of investments in real estate, net 91,040 36,799  
Earnings from unconsolidated entities, net 93,296 67,899  
Interest expense (254,286) (231,751)  
Foreign currency, derivative and other gains (losses) and other income (expense), net 44,611 (31,658)  
Gains (losses) on early extinguishment of debt, net (1,890) 0  
Earnings before income taxes 1,092,786 $ 682,903  
Total assets 13,346,383   13,170,743
Investments in and advances to unconsolidated entities 11,241,723   11,093,936
Assets held for sale or contribution 499,799   203,344
Cash and cash equivalents 861,144   1,145,647
Other assets $ 743,717   $ 727,816
[1] Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital Segment. Goodwill was $25.3 million at March 31, 2026 and December 31, 2025.
[2] This includes compensation and personnel costs for employees who were located in the U.S. but also support other geographies.