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Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables) | 6 Months Ended
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Jun. 30, 2024
Disclosure Text Block Supplement [Abstract] |
Schedule of Accounts Receivable, Net |
A. | Accounts receivable, net, consist of the following at: | June 30, 2024 |  | December 31, 2023
| Straight-line rent receivables, net | $ | 612,934 |  |  | $ | 516,692 |
| Client receivables, net | 175,705 |  |  | 193,844 |
|  | $ | 788,639 |  |  | $ | 710,536 |
The following table presents information about our loans as of June 30, 2024 and December 31, 2023 (dollars in thousands):
|  | June 30, 2024
|  | Amortized Cost |  | Allowance (1) |  | Carrying Amount (2)
Senior Secured Notes Receivable (3) |  | $ | 559,580 |  |  | $ | (7,945) |  |  | $ | 551,635 |
Mortgage Loans |  | 33,500 |  |  | — |  |  | 33,500 |
Unsecured Loan |  | 9,948 |  |  | (1,035) |  |  | 8,913 |
Total |  | $ | 603,028 |  |  | $ | (8,980) |  |  | $ | 594,048 |
|  | December 31, 2023
|  | Amortized Cost |  | Allowance (1) |  | Carrying Amount (2)
Senior Secured Note Receivable |  | $ | 174,337 |  |  | $ | (2,498) |  |  | $ | 171,839 |
Mortgage Loan |  | 33,500 |  |  | — |  |  | 33,500 |
Total |  | $ | 207,837 |  |  | $ | (2,498) |  |  | $ | 205,339 |
(1) During the six months ended June 30, 2024, our allowance for credit losses increased by $6.5 million, attributable to the loans we acquired in conjunction with our merger with Spirit and another senior secured note we acquired in May 2024. (2) The total carrying amount of the investment in loans excludes accrued interest of $9.4 million and $3.4 million as of June 30, 2024 and December 31, 2023, respectively, which is recorded to 'Other assets, net' on our consolidated balance sheets. (3) Includes a loan acquired in conjunction with our merger with Spirit with an estimated acquisition date fair value of $4.6 million. Since it was a purchased credit deteriorated loan, we recorded the initial expected credit loss of $1.8 million by adjusting the amortized cost basis.
Schedule of Lease Intangible Assets, Net |
B. | Lease intangible assets, net, consist of the following at: | June 30, 2024 |  | December 31, 2023
| In-place leases | $ | 7,282,427 |  |  | $ | 5,500,404 |
| Above-market leases | 2,191,019 |  |  | 1,811,400 |
| Accumulated amortization of in-place leases | (2,099,483) |  |  | (1,746,377) |
| Accumulated amortization of above-market leases | (645,235) |  |  | (549,319) |
| Other items | 1,744 |  |  | 1,799 |
|  | $ | 6,730,472 |  |  | $ | 5,017,907 |
Schedule of Other Assets, Net |
C. | Other assets, net, consist of the following at: | June 30, 2024 |  | December 31, 2023
| Financing receivables, net | $ | 1,553,737 |  |  | $ | 1,570,943 |
| Right of use asset - financing leases | 694,253 |  |  | 706,837 |
| Right of use asset - operating leases, net | 641,873 |  |  | 594,712 |
| Loan receivable, net | 594,048 |  |  | 205,339 |
| Value-added tax receivable | 77,936 |  |  | 100,672 |
| Prepaid expenses | 58,996 |  |  | 33,252 |
| Derivative assets and receivables - at fair value | 52,195 |  |  | 21,170 |
| Restricted escrow deposits | 18,806 |  |  | 6,247 |
| Corporate assets, net | 14,226 |  |  | 12,948 |
| Interest receivable | 11,572 |  |  | 6,139 |
| Impounds related to mortgages payable | 11,485 |  |  | 53,005 |
| Credit facility origination costs, net | 9,797 |  |  | 12,264 |
| Investment in sales type lease | 6,098 |  |  | 6,056 |
| Non-refundable escrow deposits | — |  |  | 200 |
| Other items | 50,619 |  |  | 38,859 |
|  | $ | 3,795,641 |  |  | $ | 3,368,643 |
Schedule of Account Payable and Accrued Expenses |
D. | Accounts payable and accrued expenses consist of the following at: | June 30, 2024 |  | December 31, 2023
| Notes payable - interest payable | $ | 325,788 |  |  | $ | 218,811 |
| Accrued costs on properties under development | 103,715 |  |  | 65,967 |
| Value-added tax payable | 89,955 |  |  | 64,885 |
| Derivative liabilities and payables - at fair value | 88,597 |  |  | 119,620 |
| Property taxes payable | 81,411 |  |  | 78,809 |
| Accrued income taxes | 60,655 |  |  | 61,070 |
| Accrued property expenses | 43,482 |  |  | 54,208 |
| Accrued merger-related costs | 19,077 |  |  | 4,551 |
| Mortgages, term loans, and credit line - interest payable | 4,829 |  |  | 8,580 |
| Other items | 66,578 |  |  | 62,025 |
|  | $ | 884,087 |  |  | $ | 738,526 |
Schedule of Lease Intangible Liabilities, Net |
E. | Lease intangible liabilities, net, consist of the following at: | June 30, 2024 |  | December 31, 2023
| Below-market leases | $ | 2,107,340 |  |  | $ | 1,728,027 |
| Accumulated amortization of below-market leases | (402,593) |  |  | (321,174) |
|  | $ | 1,704,747 |  |  | $ | 1,406,853 |
Schedule of Other Liabilities |
F. | Other liabilities consist of the following at: | June 30, 2024 |  | December 31, 2023
| Lease liability - operating leases, net | $ | 473,173 |  |  | $ | 425,213 |
| Rent received in advance and other deferred revenue | 306,203 |  |  | 312,195 |
| Lease liability - financing leases | 55,366 |  |  | 44,345 |
| Security deposits | 30,653 |  |  | 28,250 |
| Other acquisition liabilities | 1,597 |  |  | 1,647 |
|  | $ | 866,992 |  |  | $ | 811,650 |

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