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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 526,828 $ 323,652
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 872,272 808,227
Impairment of real estate 36,504 189,224
Gain on sales of real estate (27,506) (214,810)
Equity in earnings of unconsolidated real estate joint ventures (424) (617)
Distributions of earnings from unconsolidated real estate joint ventures 2,637 2,590
Amortization of loan fees 12,510 11,427
Amortization of debt discounts 976 898
Amortization of acquired above- and below-market leases (70,167) (69,647)
Deferred rent (125,676) (92,331)
Stock compensation expense 47,157 48,266
Investment (income) loss (14,866) 204,051
Changes in operating assets and liabilities:    
Tenant receivables 1,216 1,199
Deferred leasing costs (74,608) (81,573)
Other assets (36,334) (20,907)
Accounts payable, accrued expenses, and other liabilities 79,827 92,284
Net cash provided by operating activities 1,230,346 1,201,933
Investing Activities    
Proceeds from sales of real estate 229,790 761,321
Additions to real estate (1,932,351) (2,600,999)
Purchases of real estate (201,049) (257,333)
Change in escrow deposits (5,512) (5,982)
Investments in unconsolidated real estate joint ventures (4,039) (499)
Additions to non-real estate investments (185,560) (156,363)
Sales of and distributions from non-real estate investments 141,762 149,299
Net cash used in investing activities (1,956,959) (2,110,556)
Financing Activities    
Borrowings under secured notes payable 24,853 49,578
Repayments of borrowings from secured notes payable (32) (30)
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 7,935,600 1,705,000
Repayments of borrowings under commercial paper program (7,580,600) (1,705,000)
Payments of loan fees (36,366) (16,047)
Taxes paid related to net settlement of equity awards (45,670) (20,203)
Dividends on common stock (671,366) (633,032)
Contributions from and sales of noncontrolling interests 251,252 436,207
Distributions to and purchases of noncontrolling interests (231,072) (193,716)
Net cash provided by financing activities 645,405 618,962
Effect of foreign exchange rate changes on cash and cash equivalents 74 (603)
Net decrease in cash, cash equivalents, and restricted cash (81,134) (290,264)
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 579,637 567,711
Supplemental Disclosure and Non-Cash Investing and Financing Activities:    
Cash paid during the period for interest, net of interest capitalized 87,660 16,559
Accrued construction for current-period additions to real estate 419,072 641,705
Contribution of assets from and issuance of noncontrolling interest to real estate joint venture partner 106,941 33,250
Reallocation of additional paid-in-capital to consolidated joint venture partner’s non-controlling interest 30,185 0
Transfer of real estate assets and/or equipment from tenants 107,562 0
Initial recognition of right-of-use asset and lease liability $ 265,110 $ 0