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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 760,451 $ 637,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 752,292 688,041
Amortization of deferred financing costs 6,369 5,784
Amortization of discounts and premiums on debt 3,953 3,823
Amortization of deferred settlements on derivative instruments 1,220 1,811
Amortization of right-of-use assets 9,565 11,320
Write-off of pursuit costs 6,122 1,905
(Income) loss from investments in unconsolidated entities 15,388 4,865
Distributions from unconsolidated entities – return on capital 2,708 446
Net (gain) loss on sales of real estate properties (355,117) (227,829)
Net (gain) loss on sales of land parcels 80  
Realized (gain) loss on investment securities 51 1,316
Unrealized (gain) loss on investment securities (25,399) (19,880)
Compensation paid with Company Common Shares 26,967 26,781
Changes in assets and liabilities:    
(Increase) decrease in other assets 3,335 5,551
Increase (decrease) in accounts payable and accrued expenses 55,776 71,360
Increase (decrease) in accrued interest payable (19,532) (15,083)
Increase (decrease) in lease liabilities (1,666) (3,363)
Increase (decrease) in other liabilities 12,299 20,258
Increase (decrease) in security deposits 6,869 5,172
Net cash provided by operating activities 1,261,731 1,219,382
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (637,932) (1,320,592)
Investment in real estate – development/other (81,953) (90,718)
Capital expenditures to real estate (243,569) (230,107)
Non-real estate capital additions (1,293) (1,572)
Interest capitalized for real estate and unconsolidated entities under development (9,568) (10,697)
Proceeds from disposition of real estate, net 589,091 360,850
Investments in unconsolidated entities - acquisitions   (31,286)
Investments in unconsolidated entities - development/other (83,561) (48,360)
Distributions from unconsolidated entities – return of capital 1,018 1,409
Proceeds from sale of investment securities 1,040 7,457
Mortgage receivables from unconsolidated entities (102,290)  
Consolidation of previously unconsolidated entities (54,081)  
Net cash provided by (used for) investing activities (623,098) (1,363,616)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (4,518) (5,307)
Mortgage notes payable, net:    
Lump sum payoffs (37,940)  
Scheduled principal repayments (2,800) (2,400)
Notes, net:    
Proceeds 498,580 597,954
Lump sum payoffs (450,000)  
Line of credit and commercial paper:    
Line of credit proceeds   198,000
Line of credit repayments   (198,000)
Commercial paper proceeds 33,442,982 8,610,430
Commercial paper repayments (33,140,495) (8,233,000)
Proceeds from (payments on) settlement of derivative instruments (3,550) (3,989)
Finance ground lease principal payments (2,207) (2,158)
Proceeds from Employee Share Purchase Plan (ESPP) 1,963 2,830
Proceeds from exercise of options 5,358 17,315
Common Shares repurchased and retired (94,287) (38,474)
Redemption of Preferred Shares   (20,125)
Premium on redemption of Preference Units   (1,444)
Payment of offering costs (763)  
Other financing activities, net (60) (52)
Contributions – Noncontrolling Interests – Partially Owned Properties   458
Contributions – Noncontrolling Interests – Operating Partnership 5 2
Distributions:    
Common Shares (782,569) (762,990)
Preferred Shares (1,067) (2,031)
Noncontrolling Interests – Operating Partnership (23,508) (23,058)
Noncontrolling Interests – Partially Owned Properties (4,421) (3,163)
Net cash provided by (used for) financing activities (599,297) 130,798
Net increase (decrease) in cash and cash equivalents and restricted deposits 39,336 (13,436)
Cash and cash equivalents and restricted deposits, beginning of period 160,166 139,995
Cash and cash equivalents and restricted deposits, end of period 199,502 126,559
Cash and cash equivalents 93,092 28,610
Restricted deposits 106,410 97,949
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 224,055 197,587
Net cash paid (received) for income and other taxes 1,070 1,097
Amortization of deferred financing costs:    
Other assets 2,089 2,089
Mortgage notes payable, net 866 786
Notes, net 3,414 1,697
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 2,119 2,126
Notes, net 1,834 2,909
Amortization of deferred settlements on derivative instruments:    
Other liabilities (9) (8)
Accumulated other comprehensive income 1,229 1,819
Write-off of pursuit costs:    
Investment in real estate, net 3,838 401
Investments in unconsolidated entities 2,186 1,292
Other assets 98 212
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities 14,511 3,927
Other liabilities 877 938
Realized/unrealized (gain) loss on derivative instruments:    
Other assets (89)  
Other liabilities 3,639 3,989
Accumulated other comprehensive income (3,550) (3,989)
Investment in real estate - acquisitions:    
Investment in real estate, net (637,932) (1,307,865)
Right-of-use assets   (12,727)
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (5,302) (4,308)
Investments in unconsolidated entities (4,266) (6,389)
Investments in unconsolidated entities - development/other:    
Investments in unconsolidated entities (62,765) (47,160)
Other liabilities (20,796) (1,200)
Consolidation of previously unconsolidated entities:    
Investment in real estate, net (88,356)  
Investments in unconsolidated entities 32,370  
Other assets 56  
Accounts payable and accrued expenses 1,725  
Other liabilities 27  
Security deposits 97  
Debt financing costs:    
Notes, net (4,518) (5,307)
Proceeds from (payments on) settlement of derivative instruments:    
Other assets 89  
Other liabilities (3,639) (3,989)
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets (3,790)  
Lease liabilities 3,790  
Non-cash share distribution and other transfers from unconsolidated entities:    
Investments in unconsolidated entities 692  
Other assets (692)  
Non-cash change in Supplemental Executive Retirement Plan (SERP) balances:    
Other assets 5,123 (1,362)
Other liabilities (4,621) 1,959
Paid in capital $ (502) $ (597)