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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024, aggregated by the level in the fair value hierarchy within which those measurements fall:
|  |  | Fair Value Measurements at Reporting Date Using
Description | December 31, 2024 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Other assets - Cash flow hedge swap agreements | $ | 15,733 |  |  | $ | — |  |  | $ | 15,733 |  |  | $ | — |
Other liabilities - Cash flow hedge swap agreements | 710 |  |  | — |  |  | 710 |  |  | — |
Schedule of Fair Value of Financial Instruments | The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated:
| December 31, 2024 |  | December 31, 2023
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
Notes receivable from Preferred and Common Operating Partnership unit holders | $ | 52,112 |  |  | $ | 50,000 |  |  | $ | 1,886 |  |  | $ | 1,900 |
Fixed rate notes receivable | 40,818 |  |  | 42,000 |  |  | — |  |  | — |
Fixed rate debt | 8,949,297 |  |  | 9,420,848 |  |  | 7,482,054 |  |  | 8,048,605 |
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share | The following table presents the number of weighted OP Units and Preferred OP Units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive:
| For the Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| Equivalent Shares (if converted) |  | Equivalent Shares (if converted) |  | Equivalent Shares (if converted)
Common OP Units | 8,659,092 |  |  | 7,970,487 |  |  | — |
Series B Units | 214,836 |  |  | 236,130 |  |  | 187,664 |
Series D Units | 928,637 |  |  | 1,332,049 |  |  | 1,140,513 |
| 9,802,565 |  |  | 9,538,666 |  |  | 1,328,177 |
Schedule of Computation of Earnings Per Common Share | The computation of earnings per share is as follows for the periods presented:
| For the Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Net income attributable to common stockholders | $ | 854,681 |  |  | $ | 803,198 |  |  | $ | 860,688 |
Earnings and dividends allocated to participating securities | (1,495) |  |  | (1,230) |  |  | (1,201) |
Earnings for basic computations | 853,186 |  |  | 801,968 |  |  | 859,487 |
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units | — |  |  | — |  |  | 50,706 |
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units) | — |  |  | — |  |  | (2,288) |
Net income for diluted computations | $ | 853,186 |  |  | $ | 801,968 |  |  | $ | 907,905 |
Weighted average common shares outstanding: |  |  |  |  |
Average number of common shares outstanding - basic | 211,575,240 |  |  | 169,216,989 |  |  | 134,050,815 |
OP Units | — |  |  | — |  |  | 6,749,995 |
Series A Units | — |  |  | — |  |  | 875,480 |
Shares related to dilutive stock options | 2,440 |  |  | 3,893 |  |  | 5,098 |
Average number of common shares outstanding - diluted | 211,577,680 |  |  | 169,220,882 |  |  | 141,681,388 |
Earnings per common share |  |  |  |  |
Basic | $ | 4.03 |  |  | $ | 4.74 |  |  | $ | 6.41 |
Diluted | $ | 4.03 |  |  | $ | 4.74 |  |  | $ | 6.41 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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