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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Lessor Disclosure [Abstract]

Operating Lease - Schedule of Future Minimum Lease Receivable

Year						Amount
2024						$	1,862,795
2025						1,868,217
2026						1,817,938
2027						1,738,305
2028						1,607,062
Thereafter						10,201,534
Total						$	19,095,851

Net investment in direct financing and sales-type leases

The components of our aggregate net investment in our direct financing lease as of December 31, 2023 and 2022 are summarized in the table below (in thousands):

						December 31,
						2023						2022
Gross investment in direct financing lease						$	253,324					$	255,186
Less: unearned income on direct financing lease						(210,388)						(212,995)
Less: allowance for credit losses						(2,839)						(2,839)
Net investment in direct financing lease						$	40,097					$	39,352

Direct Financing and Sales-Type Leases - Schedule of Future Minimum Payment Receivable

Future lease payments to be received under the terms of our direct financing lease as of December 31, 2023 are outlined in the table below (in thousands):

Year						Total
2024						$	1,919
2025						1,976
2026						2,036
2027						2,097
2028						2,160
Thereafter						243,136
Total						$	253,324

Income from rentals

Our income from rentals includes revenue related to agreements for the rental of our real estate, which primarily includes revenues subject to the lease accounting standard and the revenue recognition accounting standard as shown below (in thousands):

						Year Ended December 31,
						2023						2022						2021
Income from rentals:
Revenues subject to the lease accounting standard:
Operating leases						$	2,802,567					$	2,534,862					$	2,081,362
Direct financing and sales-type leases(1)						2,608						3,094						3,489
Revenues subject to the lease accounting standard						2,805,175						2,537,956						2,084,851
Revenues subject to the revenue recognition accounting standard						37,281						38,084						23,398
Income from rentals						$	2,842,456					$	2,576,040					$	2,108,249

(1)We completed the sale of our real estate assets subject to sales-type leases in May 2022 and have had no sales-type leases since then.

Summary of deferred leasing costs

The following table summarizes our deferred leasing costs as of December 31, 2023 and 2022 (in thousands):

						December 31,
						2023						2022
Deferred leasing costs						$	1,035,339					$	996,116
Accumulated amortization						(525,941)						(479,841)
Deferred leasing costs, net						$	509,398					$	516,275

Lessee Disclosure [Abstract]

Operating Lease - Schedule of Future Minimum Lease Payable

The reconciliation of future lease payments under noncancelable operating leases in which we are the lessee, to the operating lease liability reflected in our consolidated balance sheet as of December 31, 2023 is presented in the table below (in thousands):

Year						Total
2024						$	22,611
2025						22,671
2026						22,865
2027						21,944
2028						21,614
Thereafter						737,194
Total future payments under our operating leases in which we are the lessee						848,899
Effect of discounting						(466,016)
Operating lease liability						$	382,883

Lesee operating costs

For the years ended December 31, 2023, 2022, and 2021, our costs for operating leases in which we are the lessee were as follows (in thousands):

						Year Ended December 31,
						2023						2022						2021
Gross operating lease costs						$	39,879					$	36,527					$	28,598
Capitalized lease costs						(5,544)						(3,661)						(3,167)
Expenses for operating leases in which we are the lessee						$	34,335					$	32,866					$	25,431

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