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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,070,975 $ 868,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 952,191 888,709
Amortization of deferred financing costs 7,834 8,941
Amortization of discounts and premiums on debt 5,151 4,091
Amortization of deferred settlements on derivative instruments 2,488 3,725
Amortization of right-of-use assets 14,548 12,795
Write-off of pursuit costs 5,155 3,647
(Income) loss from investments in unconsolidated entities 8,974 5,378
Distributions from unconsolidated entities – return on capital 555 559
Net (gain) loss on sales of real estate properties (546,797) (282,539)
Realized (gain) loss on investment securities 1,992 (1,504)
Unrealized (gain) loss on investment securities (19,880) (13,466)
Compensation paid with Company Common Shares 31,287 31,815
Changes in assets and liabilities:    
(Increase) decrease in other assets (11,813) (10,203)
Increase (decrease) in accounts payable and accrued expenses 3,249 8,911
Increase (decrease) in accrued interest payable 8,460 (594)
Increase (decrease) in lease liabilities (3,863) (1,551)
Increase (decrease) in other liabilities 36,668 5,358
Increase (decrease) in security deposits 6,433 238
Net cash provided by operating activities 1,573,607 1,532,798
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (1,595,100) (324,497)
Investment in real estate – development/other (129,822) (78,197)
Capital expenditures to real estate (301,434) (319,342)
Non-real estate capital additions (2,766) (1,851)
Interest capitalized for real estate and unconsolidated entities under development (14,489) (12,347)
Proceeds from disposition of real estate, net 960,398 374,018
Investments in unconsolidated entities – acquisitions (31,286) (2,800)
Investments in unconsolidated entities - development/other (78,435) (47,180)
Distributions from unconsolidated entities – return of capital 1,409 42
Purchase of investment securities and other investments   (2,500)
Proceeds from sale of investment securities 15,041 3,042
Consolidation of previously unconsolidated entities   2,108
Net cash provided by (used for) investing activities (1,176,484) (409,504)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (5,307) (4,106)
Mortgage notes payable, net:    
Proceeds   572,896
Lump sum payoffs   (932,598)
Scheduled principal repayments (6,100) (3,354)
Notes, net:    
Proceeds 597,954  
Line of credit and commercial paper:    
Line of credit proceeds 392,000  
Line of credit repayments (392,000)  
Commercial paper proceeds 33,116,303 6,124,068
Commercial paper repayments (32,981,755) (5,844,892)
Proceeds from (payments on) settlement of derivative instruments (3,989) 25,169
Finance ground lease principal payments (2,880) (2,662)
Proceeds from Employee Share Purchase Plan (ESPP) 3,522 3,517
Proceeds from exercise of options 23,000 23,632
Common Shares repurchased and retired (38,474) (49,105)
Redemption of Preferred Shares (20,125)  
Premium on redemption of Preferred Shares (1,444)  
Other financing activities, net (94) (75)
Acquisition of Noncontrolling Interests - Partially Owned Properties (3,129) (3,737)
Contributions – Noncontrolling Interests – Partially Owned Properties 583 9
Contributions – Noncontrolling Interests – Operating Partnership 2 1
Distributions:    
Common Shares (1,019,050) (990,148)
Preferred Shares (2,386) (3,090)
Noncontrolling Interests – Operating Partnership (30,419) (30,253)
Noncontrolling Interests – Partially Owned Properties (3,164) (5,743)
Net cash provided by (used for) financing activities (376,952) (1,120,471)
Net increase (decrease) in cash and cash equivalents and restricted deposits 20,171 2,823
Cash and cash equivalents and restricted deposits, beginning of year 139,995 137,172
Cash and cash equivalents and restricted deposits, end of year 160,166 139,995
Cash and cash equivalents 62,302 50,743
Restricted deposits 97,864 89,252
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 241,034 248,990
Net cash paid (received) for income and other taxes 1,339 1,091
Real estate acquisitions/dispositions/other:    
Mortgage loans assumed   42,256
Amortization of deferred financing costs:    
Investment in real estate, net   (211)
Other assets 2,785 2,785
Mortgage notes payable, net 1,047 2,527
Notes, net 4,002 3,840
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 2,841 1,843
Notes, net 2,310 2,248
Amortization of deferred settlements on derivative instruments:    
Other liabilities (11) (12)
Accumulated other comprehensive income 2,499 3,737
Write-off of pursuit costs:    
Investment in real estate, net 2,809 527
Investments in unconsolidated entities 1,717 2,186
Other assets 629 934
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities 7,739 4,132
Other liabilities 1,235 1,246
Realized/unrealized (gain) loss on derivative instruments:    
Other assets   (3,749)
Other liabilities 3,989 (765)
Accumulated other comprehensive income (3,989) 4,514
Investment in real estate - acquisitions:    
Investment in real estate, net (1,573,920) (324,497)
Right-of-use assets (12,727)  
Other assets (8,453)  
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (6,328) (4,010)
Investments in unconsolidated entities (8,161) (8,337)
Investments in unconsolidated entities - development/other:    
Investments in unconsolidated entities (76,455) (45,770)
Other liabilities (1,980) (1,410)
Consolidation of previously unconsolidated entities:    
Investment in real estate, net   (50,315)
Investments in unconsolidated entities   46,327
Other liabilities   2,000
Noncontrolling Interests - Partially Owned Properties   4,021
Debt financing costs:    
Mortgage notes payable, net   (4,106)
Notes, net (5,307)  
Proceeds from (payments on) settlement of derivative instruments:    
Other assets   25,613
Other liabilities (3,989) (444)
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets   (7,105)
Lease liabilities   7,105
Non-cash share distribution and other transfers from unconsolidated entities:    
Investments in unconsolidated entities   636
Other assets   (636)
Non-cash change in Supplemental Executive Retirement Plan (SERP) balances:    
Other assets (1,457) 24,767
Other liabilities 2,051 (56,845)
Paid in capital $ (594) $ 32,078