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Income Taxes - GAAP Net Income to Taxable Income Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Effective Income Tax Rate Reconciliation [Line Items]      
Net income $ 410,785 $ 654,273 $ 125,976
Federal income taxes 21,626 50,686 47,328
Net book depreciation in excess of tax depreciation 142,326 111,124 120,446
Deferred/prepaid/above-market and below-market rents, net (41,444) (30,740) (38,479)
Fair market value debt amortization (8,026) (21,053) (38,303)
Book/tax differences from executive compensation 30,018 31,169 23,248
Book/tax differences from equity awards (3,780) (7,157) (7,846)
Book/tax differences from defined benefit plan   2,948  
Book/tax differences from investments in and advances to real estate joint ventures 33,579 (20,271) 11,736
Book/tax differences from sale of properties and marketable equity securities 332,100 190,048 217,797
Book/tax differences from accounts receivable 4,702 (3,596) (8,430)
Book adjustment to property carrying values and marketable equity securities (28) (24,206) 335,199
Taxable currency exchange (loss)/gain, net   (2,585) 198
Tangible property regulation deduction (153,866) (55,551) (61,492)
GAAP change in ownership of joint venture interests     45,767
Dividends from TRSs 6,489 13 243
Severance accrual 1,276 (724) (2,065)
Other book/tax differences, net [1] 20,904 11,228 2,115
Adjusted REIT taxable income [2] 795,577 885,576 768,396
TRSs and Taxable Entities [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Net income (1,084) (30) (5,042)
GAAP Net Income From REIT Operations [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Net income [3] $ 409,701 $ 654,243 $ 120,934
[1] Includes merger related book/tax differences of $22.4 million and $3.4 million for the years ended December 31, 2024 and 2023, respectively.
[2] Includes designated long term capital gain of $104.5 million, $241.2 million and $251.5 million for the years ended December 31, 2024, 2023 and 2022, respectively, for which the Company elected to pay the associated corporate income taxes.
[3] All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs.