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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 321,163 $ 278,833
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 299,508 253,373
Amortization of deferred financing costs and debt premiums 9,754 5,124
Amortization of above and below market lease intangibles, net (17,383) (21,573)
Stock-based compensation, net of capitalization 18,829 14,203
Equity in income of investments in real estate partnerships (37,763) (36,302)
Gain on sale of real estate, net of tax (33,844) (515)
Loss on early extinguishment of debt 180  
Distribution of earnings from investments in real estate partnerships 49,987 48,451
Deferred compensation expense 3,615 2,148
Realized and unrealized gain on investments (4,439) (2,252)
Changes in assets and liabilities:    
Tenant and other receivables (8,736) (3,094)
Deferred leasing costs (7,643) (7,705)
Other assets (10,738) (7,577)
Accounts payable and other liabilities 13,881 20,875
Tenants' security, escrow deposits and prepaid rent 2,442 3,696
Net cash provided by operating activities 598,813 547,685
Cash flows from investing activities:    
Acquisition of operating real estate (45,205) (2,033)
Real estate development and capital improvements (235,284) (158,982)
Proceeds from sale of real estate 103,626 10,338
Proceeds from property insurance casualty claims 5,257  
Issuance of notes receivable (32,651) (4,000)
Collection of notes receivable 3,052  
Investments in real estate partnerships (25,771) (9,118)
Return of capital from investments in real estate partnerships 12,859 3,644
Dividends on investment securities 296 571
Acquisition of investment securities (99,035) (5,206)
Proceeds from sale of investment securities 103,785 13,747
Net cash used in investing activities (209,071) (231,527)
Cash flows from financing activities:    
Net proceeds from common stock issuance   4
Repurchase of common shares in conjunction with equity award plans (8,776) (7,653)
Common shares repurchased through share repurchase program (200,066) (20,006)
Proceeds from sale of treasury stock 210 62
Contributions from non-controlling interests 6,533 3,167
Distributions to and redemptions of non-controlling interests (9,435)  
Distributions to exchangeable operating partnership unit holders (2,215) (1,666)
Dividends paid to common shareholders (368,999) (332,627)
Dividends paid to preferred shareholders (10,239)  
Repayment of fixed rate unsecured notes (250,000)  
Proceeds from issuance of fixed rate unsecured notes, net of debt discount 722,860  
Proceeds from unsecured credit facilities 527,419 442,000
Repayment of unsecured credit facilities (649,419) (365,000)
Proceeds from notes payable 12,000 46,500
Repayment of notes payable (110,862) (60,257)
Scheduled principal payments (8,716) (7,977)
Payment of financing costs (16,560) (411)
Net cash used in financing activities (366,265) (303,864)
Net increase in cash and cash equivalents and restricted cash 23,477 12,294
Cash and cash equivalents and restricted cash at beginning of the period 91,354 68,776
Cash and cash equivalents and restricted cash at end of the period 114,831 81,070
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $4,812 and $4,026 in 2024 and 2023, respectively) 137,367 116,686
Cash paid for income taxes, net of refunds 7,114 728
Supplemental disclosure of non-cash transactions:    
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid 126,085 122,946
Right of use assets obtained in exchange for new operating lease liabilities 1,271 32,002
Sale of leased asset in exchange for net investment in sales-type lease 2,846 8,510
Common stock issued for partnership units exchanged 735 199
Reallocation of equity upon acquisition of non-controlling interest 8,694  
Exchangeable operating partnership units issued for acquisition of real estate   20,000
Change in accrued capital expenditures 8,837 20,967
Common stock issued under dividend reinvestment plan 494 461
Stock-based compensation capitalized 1,383 638
Contributions to investments in real estate partnerships 18,242  
Contributions from limited partners in consolidated partnerships 7,891  
Common stock issued for dividend reinvestment in trust 918 905
Contribution of stock awards into trust 1,749 1,961
Distribution of stock held in trust 476 2,245
Change in fair value of securities 295 215
UBP Acquisition [Member]    
Cash flows from investing activities:    
Acquisition of UBP, net of cash acquired of $14,143 in 2023   (80,488)
Supplemental disclosure of non-cash transactions:    
Notes payable assumed in acquisition, at fair value   284,706
Non-controlling interest assumed in acquisition, at fair value   64,492
Common Stock [Member]    
Supplemental disclosure of non-cash transactions:    
Exchangeable operating partnership units issued for acquisition of real estate   20,000
Common Stock [Member] | UBP Acquisition [Member]    
Supplemental disclosure of non-cash transactions:    
Stock exchanged   818,530
Preferred Stock [Member] | UBP Acquisition [Member]    
Supplemental disclosure of non-cash transactions:    
Stock exchanged   225,000
Partnership Interest [Member]    
Cash flows from operating activities:    
Net income 321,163 278,833
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 299,508 253,373
Amortization of deferred financing costs and debt premiums 9,754 5,124
Amortization of above and below market lease intangibles, net (17,383) (21,573)
Stock-based compensation, net of capitalization 18,829 14,203
Equity in income of investments in real estate partnerships (37,763) (36,302)
Gain on sale of real estate, net of tax (33,844) (515)
Loss on early extinguishment of debt 180  
Distribution of earnings from investments in real estate partnerships 49,987 48,451
Deferred compensation expense 3,615 2,148
Realized and unrealized gain on investments (4,439) (2,252)
Changes in assets and liabilities:    
Tenant and other receivables (8,736) (3,094)
Deferred leasing costs (7,643) (7,705)
Other assets (10,738) (7,577)
Accounts payable and other liabilities 13,881 20,875
Tenants' security, escrow deposits and prepaid rent 2,442 3,696
Net cash provided by operating activities 598,813 547,685
Cash flows from investing activities:    
Acquisition of operating real estate (45,205) (2,033)
Real estate development and capital improvements (235,284) (158,982)
Proceeds from sale of real estate 103,626 10,338
Proceeds from property insurance casualty claims 5,257  
Issuance of notes receivable (32,651) (4,000)
Collection of notes receivable 3,052  
Investments in real estate partnerships (25,771) (9,118)
Return of capital from investments in real estate partnerships 12,859 3,644
Dividends on investment securities 296 571
Acquisition of investment securities (99,035) (5,206)
Proceeds from sale of investment securities 103,785 13,747
Net cash used in investing activities (209,071) (231,527)
Cash flows from financing activities:    
Net proceeds from common stock issuance   4
Repurchase of common shares in conjunction with equity award plans (8,776) (7,653)
Common shares repurchased through share repurchase program (200,066) (20,006)
Proceeds from sale of treasury stock 210 62
Contributions from non-controlling interests 6,533 3,167
Distributions to and redemptions of non-controlling interests (9,435)  
Dividends paid to common shareholders (371,214) (334,293)
Dividends paid to preferred shareholders (10,239)  
Repayment of fixed rate unsecured notes (250,000)  
Proceeds from issuance of fixed rate unsecured notes, net of debt discount 722,860  
Proceeds from unsecured credit facilities 527,419 442,000
Repayment of unsecured credit facilities (649,419) (365,000)
Proceeds from notes payable 12,000 46,500
Repayment of notes payable (110,862) (60,257)
Scheduled principal payments (8,716) (7,977)
Payment of financing costs (16,560) (411)
Net cash used in financing activities (366,265) (303,864)
Net increase in cash and cash equivalents and restricted cash 23,477 12,294
Cash and cash equivalents and restricted cash at beginning of the period 91,354 68,776
Cash and cash equivalents and restricted cash at end of the period 114,831 81,070
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $4,812 and $4,026 in 2024 and 2023, respectively) 137,367 116,686
Cash paid for income taxes, net of refunds 7,114 728
Supplemental disclosure of non-cash transactions:    
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid 126,085 122,946
Right of use assets obtained in exchange for new operating lease liabilities 1,271 32,002
Sale of leased asset in exchange for net investment in sales-type lease 2,846 8,510
Notes payable assumed in acquisition, at fair value   284,706
Non-controlling interest assumed in acquisition, at fair value   64,492
Common stock issued by Parent Company for partnership units exchanged 735 199
Reallocation of equity upon acquisition of non-controlling interest 8,694  
Exchangeable operating partnership units issued for acquisition of real estate   20,000
Change in accrued capital expenditures 8,837 20,967
Common stock issued under dividend reinvestment plan 494 461
Stock-based compensation capitalized 1,383 638
Contributions to investments in real estate partnerships 18,242  
Contributions from limited partners in consolidated partnerships 7,891  
Common stock issued for dividend reinvestment in trust 918 905
Contribution of stock awards into trust 1,749 1,961
Distribution of stock held in trust 476 2,245
Change in fair value of securities $ 295 215
Partnership Interest [Member] | UBP Acquisition [Member]    
Cash flows from investing activities:    
Acquisition of UBP, net of cash acquired of $14,143 in 2023   (80,488)
Partnership Interest [Member] | Common Stock [Member] | UBP Acquisition [Member]    
Supplemental disclosure of non-cash transactions:    
Stock exchanged   818,530
Partnership Interest [Member] | Preferred Stock [Member] | UBP Acquisition [Member]    
Supplemental disclosure of non-cash transactions:    
Stock exchanged   $ 225,000