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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary Of Significant Accounting Policies [Line Items]  
Property, Plant and Equipment
Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:
 
Land improvements  
25 to 40 years
Buildings and improvements  
10 to 40 years
Tenant improvements  Shorter of useful life or terms of related lease
Furniture, fixtures, and equipment  
3 to 10 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The following table summarizes the scheduled amortization of the Company’s acquired “above-” and “below-market” lease intangibles for each of the five succeeding years (in thousands).
Acquired Above-Market Lease IntangiblesAcquired Below-Market Lease Intangibles
2026$1,236 $8,847 
2027928 5,648 
2028781 2,419 
2029729 718 
2030473 441 
Fair Value, by Balance Sheet Grouping [Table Text Block] The following table presents the Level at which the Company’s non-recurring fair value financial instruments are categorized as defined in ASC 820 as well as the Company’s aggregate carrying value and corresponding estimate of fair value as of December 31, 2025 and December 31, 2024 (in thousands):
 December 31, 2025December 31, 2024
LevelFinancial InstrumentCarrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Level 3Related party note receivable, net$28,346 $28,716 $88,779 $89,213 
Level 3Note receivable, net9,373 9,858 4,947 6,187 
Level 3Sales-type lease receivable, net15,672 13,911 14,657 13,632 
Total$53,391 $52,485 $108,383 $109,032 
Level 1Unsecured senior notes, net (1)$9,806,100 $9,554,844 $10,645,077 $10,005,606 
Level 1Unsecured exchangeable senior notes, net (1)976,263 958,745 — — 
Level 1Unsecured commercial paper750,000 750,000 500,000 500,000 
Subtotal$11,532,363 $11,263,589 $11,145,077 $10,505,606 
Level 3Mortgage notes payable, net$4,280,067 $4,010,151 $4,276,609 $3,808,095 
Level 3Unsecured line of credit— — — — 
Level 3Unsecured term loan, net797,053 805,687 798,813 799,580 
Subtotal$5,077,120 $4,815,838 $5,075,422 $4,607,675 
Total$16,609,483 $16,079,427 $16,220,499 $15,113,281 
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(1)If trading volume for the period is low, the valuation could be categorized as Level 2.
Schedule of Derivative Assets at Fair Value [Table Text Block]
The following table presents the aggregate fair value of the Company’s interest rate swaps as of December 31, 2025 and December 31, 2024 (in thousands):
Fair valueDecember 31, 2025December 31, 2024
Interest rate swaps$(8,283)$5,252 
Real Estate Investment Trust, Distribution, Tax Status
The tax treatment of common dividends per share for federal income tax purposes is as follows: 
 For the year ended December 31,
 202520242023
 Per Share%Per Share%Per Share%
Ordinary income$2.35 64.52 %$3.22 88.29 %$3.04 72.98 %
Capital gain income1.29 35.48 %0.03 0.79 %1.12 27.02 %
Return of capital— — %0.40 10.92 %— — %
Total$3.64 (1)100.00 %$3.65 (2)100.00 %$4.16 (3)100.00 %
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(1)The fourth quarter 2025 regular quarterly dividend was $0.70 per common share, all of which was allocated to 2026.
(2)The fourth quarter 2024 regular quarterly dividend was $0.98 per common share, all of which was allocated to 2025.
(3)The fourth quarter 2023 regular quarterly dividend was $0.98 per common share, of which approximately $0.27 per common share was allocated to 2023 and approximately $0.71 per common share was allocated to 2024.