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v3.25.4

Lease Liability Maturity Schedule (Details) - USD ($) $ in Thousands | Dec. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Lessee, Operating Lease, Liability, Payment, Due [Abstract] |  |  |  |
2026 | $ 28,998 |  | $ 40,451 |
2027 | 17,807 |  | 34,155 |
2028 | 40,762 | [1] | 10,635 |
2029 | 22,428 |  | 40,462 | [2]
2030 | 21,149 |  | 21,710 |
Thereafter | 3,705,092 |  | 3,527,328 |
Total lease payments | 3,836,236 |  | 3,674,741 |
Less: Interest Portion | 3,447,023 |  | 3,282,055 |
Operating Lease, Liability | 389,213 |  | 392,686 |
Finance Lease, Liability, Payment, Due [Abstract] |  |  |  |
2026 | 31,686 |  | 30,801 |
2027 | 32,434 |  | 33,280 |
2028 | 118,252 | [1] | 32,768 |
2029 | 10,793 |  | 118,252 | [2]
2030 | 10,995 |  | 10,793 |
Thereafter | 1,320,418 |  | 1,331,413 |
Total lease payments | 1,524,578 |  | 1,557,307 |
Less: Interest Portion | 1,164,539 |  | 1,186,422 |
Lease liabilities - finance leases | 360,039 |  | 370,885 |
Lessee, Lease, Description [Line Items] |  |  |  |
Total lease payments | 3,836,236 |  | 3,674,741 |
Santa Monica Business Park [Member] |  |  |  |
Lessee, Lease, Description [Line Items] |  |  |  |
Lessee purchase option reasonably certain of exercising | 105,300 |  | 105,300 |
171 Dartmouth | Scenario, Plan |  |  |  |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] |  |  |  |
Total lease payments | 25,100 |  | 25,100 |
Lessee, Lease, Description [Line Items] |  |  |  |
Total lease payments | $ 25,100 |  | $ 25,100 |
[1] | Operating lease payments in 2028 include an approximately $25.1 million final rental payment related to a ground lease the Company is reasonably certain it will commence construction on in 2028. Finance lease payments in 2028 include approximately $105.3 million related to a purchase option that the Company was reasonably certain it would exercise upon execution of the ground leases. There can be no assurance that the Company will ultimately commence construction on the ground lease site or exercise its ground lease purchase option on the schedule currently contemplated or at all.
[2] | Operating lease payments in 2028 includes an approximately $25.1 million final rental payment related to a ground lease the Company is reasonably certain it will commence construction on in 2028. Finance lease payments in 2028 include approximately $105.3 million related to a purchase option that the Company was reasonably certain it would exercise upon execution of the ground leases. There can be no assurance that the Company will ultimately commence construction on the ground lease site or exercise its ground lease purchase option on the schedule currently contemplated or at all.

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