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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 313,225 $ 255,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 578,274 538,857
Impairment of real estate 30,763 168,575
Gain on sales of real estate (392) (214,810)
Equity in earnings of unconsolidated real estate joint ventures (285) (375)
Distributions of earnings from unconsolidated real estate joint ventures 1,652 1,649
Amortization of loan fees 8,288 7,368
Amortization of debt discounts 646 592
Amortization of acquired above- and below-market leases (52,855) (46,425)
Deferred rent (96,589) (62,526)
Stock compensation expense 31,632 31,978
Investment loss 376 123,379
Changes in operating assets and liabilities:    
Tenant receivables 1,373 1,152
Deferred leasing costs (54,560) (56,367)
Other assets (3,046) 4,735
Accounts payable, accrued expenses, and other liabilities (5,548) 30,863
Net cash provided by operating activities 752,954 784,043
Investing Activities    
Proceeds from sales of real estate 16,670 592,630
Additions to real estate (1,241,214) (1,812,241)
Purchases of real estate (201,049) (233,317)
Change in escrow deposits (2,473) 13,663
Investments in unconsolidated real estate joint ventures (3,713) (332)
Additions to non-real estate investments (122,708) (103,839)
Sales of and distributions from non-real estate investments 86,008 109,335
Net cash used in investing activities (1,468,479) (1,434,101)
Financing Activities    
Borrowings under secured notes payable 14,974 32,550
Proceeds from issuance of unsecured senior notes payable 998,806 996,205
Borrowings under unsecured senior line of credit 0 375,000
Repayments of borrowings under unsecured senior line of credit 0 (375,000)
Proceeds from issuances under commercial paper program 5,006,950 1,705,000
Repayments of borrowings under commercial paper program (4,906,950) (1,705,000)
Payments of loan fees (10,118) (10,113)
Taxes paid related to net settlement of equity awards (27,017) (12,521)
Dividends on common stock (443,958) (418,477)
Contributions from and sales of noncontrolling interests 159,644 299,531
Distributions to and purchases of noncontrolling interests (171,871) (134,617)
Net cash provided by financing activities 620,460 752,558
Effect of foreign exchange rate changes on cash and cash equivalents 147 (185)
Net (decrease) increase in cash, cash equivalents, and restricted cash (94,918) 102,315
Cash, cash equivalents, and restricted cash as of the beginning of period 660,771 857,975
Cash, cash equivalents, and restricted cash as of the end of period 565,853 960,290
Supplemental Disclosure and Non-Cash Investing and Financing Activities:    
Cash paid during the period for interest, net of interest capitalized 56,878 4,030
Accrued construction for current-period additions to real estate 402,923 495,807
Contribution of assets from and issuance of noncontrolling interest to real estate joint venture partner 103,547 33,250
Reallocation of additional paid-in-capital to consolidated joint venture partner’s non-controlling interest 30,185 0
Transfer of equipment and/or real estate assets from tenants $ 45,719 $ 0