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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 252,539 $ 186,425
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 160,384 148,791
Impairment on real estate properties 15,450 13,474
Straight-line rent and other write-offs 27,537  
Provision (recovery) for credit losses 321 (5,702)
Amortization of deferred financing costs and loss on debt extinguishment 2,396 8,534
Stock-based compensation expense 25,046 18,415
Gain on assets sold - net (32,961) (11,520)
Straight-line rent and effective interest receivables (23,526) (17,857)
Interest paid-in-kind (4,996) (6,674)
Loss from unconsolidated joint ventures 3,066 1,617
Other non-cash items (4,358) (992)
Change in operating assets and liabilities - net:    
Contractual receivables 1,059 1,406
Lease inducements (9,497) 465
Other operating assets and liabilities 8,757 (805)
Net cash provided by operating activities 421,217 335,577
Cash flows from investing activities    
Acquisition of real estate (560,422) (127,973)
Net proceeds from sale of real estate investments 182,995 44,894
Investments in construction in progress (29,731) (42,149)
Investment in loan receivables and other (109,767) (193,187)
Collection of loan principal 100,297 65,435
Investments in unconsolidated joint ventures (1,250) (318)
Distributions from unconsolidated joint ventures in excess of earnings 1,466 1,250
Capital improvements to real estate investments (32,941) (14,010)
Proceeds from derivative instruments 4,675 8,429
Receipts from insurance proceeds 392 1,657
Net cash used in investing activities (444,286) (255,972)
Cash flows from financing activities    
Proceeds from long-term borrowings 670,708 478,500
Payments of long-term borrowings (527,240) (890,128)
Payments of financing related costs (6,540) (1,892)
Net proceeds from issuance of common stock 517,851 275,186
Dividends paid (383,785) (330,720)
Net payments to noncontrolling members of consolidated joint venture   545
Redemption of Omega OP Units (3,681)  
Distributions to Omega OP Unit Holders (26,056) (16,712)
Net cash provided by (used in) financing activities 241,257 (485,221)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 5,661 17
Increase (decrease) in cash, cash equivalents and restricted cash 223,849 (405,599)
Cash, cash equivalents and restricted cash at beginning of period 548,735 444,730
Cash, cash equivalents and restricted cash at end of period $ 772,584 $ 39,131