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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net (loss) income $ (221,372) $ 526,828
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 1,028,415 872,272
Impairment of real estate 485,630 36,504
Gain on sales of real estate (22,531) (27,506)
Loss on early extinguishment of debt 107 0
Equity in losses (earnings) of unconsolidated real estate joint ventures 9,327 (424)
Distributions of earnings from unconsolidated real estate joint ventures 1,749 2,637
Amortization of loan fees 13,811 12,510
Amortization of debt discounts 1,009 976
Amortization of acquired above- and below-market leases (31,874) (70,167)
Deferred rent (59,380) (125,676)
Stock compensation expense 32,887 47,157
Investment loss (income) 52,453 (14,866)
Changes in operating assets and liabilities:    
Tenant receivables 12 1,216
Deferred leasing costs (64,259) (74,608)
Other assets (37,647) (36,334)
Accounts payable, accrued expenses, and other liabilities (86,669) 79,827
Net cash provided by operating activities 1,101,668 1,230,346
Investing Activities    
Proceeds from sales of real estate 227,105 229,790
Additions to real estate (1,538,613) (1,932,351)
Purchases of real estate 0 (201,049)
Change in escrow deposits (7,364) (5,512)
Investments in unconsolidated real estate joint ventures (11,239) (4,039)
Return of capital from unconsolidated real estate joint ventures 458 0
Additions to non-real estate investments (184,952) (185,560)
Sales of and distributions from non-real estate investments 77,067 141,762
Net cash used in investing activities (1,437,538) (1,956,959)
Financing Activities    
Borrowings under secured note payable 4,031 24,853
Repayments of secured debt (154,212) (32)
Proceeds from issuance of unsecured senior notes payable 548,532 998,806
Repayment of unsecured senior notes payable (600,000) 0
Proceeds from issuances under commercial paper program 15,378,015 7,935,600
Repayments of borrowings under commercial paper program (13,828,015) (7,580,600)
Payments of loan fees (5,307) (36,366)
Taxes paid related to net settlement of equity awards (17,207) (45,670)
Repurchase of common stock (208,187) 0
Dividends on common stock (684,419) (671,366)
Contributions from and sales of noncontrolling interests 132,162 251,252
Distributions to and purchases of noncontrolling interests (204,543) (231,072)
Net cash provided by financing activities 360,850 645,405
Effect of foreign exchange rate changes on cash and cash equivalents (648) 74
Net increase (decrease) in cash, cash equivalents, and restricted cash 24,332 (81,134)
Cash, cash equivalents, and restricted cash as of the beginning of period 559,847 660,771
Cash, cash equivalents, and restricted cash as of the end of period 584,179 579,637
Supplemental Disclosure and Non-Cash Investing and Financing Activities:    
Cash paid during the period for interest, net of interest capitalized 128,808 87,660
Accrued construction for current-period additions to real estate 233,622 419,072
Transfer of real estate assets and/or equipment from tenants 171,153 107,562
Notes receivable issued in connection with sales of real estate 91,000 0
Derecognition of net investment in real estate from sales-type lease 4,677 0
Contribution of assets from and issuance of noncontrolling interest to real estate joint venture partner 0 106,941
Reallocation of additional paid-in capital to consolidated joint venture partner’s noncontrolling interest 20,000 30,185
Noncash, Initial Recognition of Right-of-Use Asset and Lease Liability 0 265,110
Noncash, Disposition of our interest in Pacific Technology Park 82,392 0
Noncash, Acquisition of our partner’s noncontrolling interest in 199 East Blaine Street $ 96,543 $ 0