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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental income $ 1,367,943 $ 1,330,620 $ 1,286,358
Income from investment in leases, sales type 15,126 5,004 0
Interest income from real estate loans 16,034 10,492 1,044
Total income from real estate 1,594,752 1,531,546 1,440,392
Operating expenses      
Land rights and ground lease expense 55,408 47,674 48,116
General and administrative 63,488 59,571 56,450
Gains from dispositions of property (125) (3,790) (22)
Impairment Charge and Property Tax Recovery 0 0 (2,187)
Depreciation 265,864 260,152 262,870
Accounts Receivable, Credit Loss Expense (Reversal) 8,664 37,254 6,461
Total operating expenses 393,299 400,861 371,688
Income from operations 1,201,453 1,130,685 1,068,704
Other income (expenses)      
Interest expense (373,881) (366,897) (323,388)
Interest income 28,796 45,989 12,607
Losses on debt extinguishment (3,783) 0 (556)
Total other expenses (348,868) (320,908) (311,337)
Income before income taxes 852,585 809,777 757,367
Income tax expense 2,229 2,129 1,997
Net income 850,356 807,648 755,370
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable (25,245) (23,028) (21,087)
Net income $ 825,111 $ 784,620 $ 734,283
Earnings per common share:      
Basic earnings per common share (in dollars per share) $ 2.95 $ 2.87 $ 2.78
Diluted earnings per common share (in dollars per share) $ 2.95 $ 2.87 $ 2.77
Reclassification of derivative gain to interest expense $ (33) $ 0 $ 0
Gain on cash flow hedges 967 0 0
Comprehensive income 851,290 807,648 755,370
Comprehensive income attributable to non-controlling interest in the Operating Partnership (25,275) (23,028) (21,087)
Comprehensive income attributable to common shareholders 826,015 784,620 734,283
Real estate      
Revenues      
Income from direct financing lease $ 195,649 $ 185,430 $ 152,990