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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 437,495 $ 301,339
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 242,498 226,036
Impairment on real estate properties 16,594 22,094
Straight-line rent and other write-offs 27,537 1,136
Recovery for credit losses (3,587) (14,763)
Amortization of deferred financing costs and loss on debt extinguishment 3,458 10,584
Stock-based compensation expense 34,323 27,498
Gain on assets sold - net (61,230) (11,282)
Straight-line rent and effective interest receivables (36,944) (29,298)
Interest paid-in-kind (9,346) (9,043)
Loss (income) from unconsolidated entities 5,688 (4,331)
Other non-cash items (10,534) (2,231)
Change in operating assets and liabilities - net:    
Contractual receivables 53 1,429
Lease inducements (9,269) 699
Other operating assets and liabilities 11,195 595
Net cash provided by operating activities 647,931 520,462
Cash flows from investing activities    
Acquisition of real estate (627,844) (229,803)
Net proceeds from sale of real estate investments 264,061 68,757
Investments in construction in progress (31,479) (59,292)
Investment in loan receivables and other (140,882) (272,889)
Collection of loan principal 120,357 113,552
Investments in unconsolidated entities (77,244) (398)
Distributions from unconsolidated entities in excess of earnings 9,969 2,835
Capital improvements to real estate investments (54,176) (22,278)
Proceeds from derivative instruments 4,675 8,429
Receipts from insurance proceeds 4,478 1,657
Net cash used in investing activities (528,085) (389,430)
Cash flows from financing activities    
Proceeds from long-term borrowings 670,708 657,819
Payments of long-term borrowings (528,496) (1,142,788)
Payments of financing related costs (25,600) (6,903)
Net proceeds from issuance of common stock 606,810 801,223
Dividends paid (581,996) (503,998)
Net payments to noncontrolling members of consolidated joint venture   545
Redemption of Omega OP Units (5,768)  
Distributions to Omega OP Unit Holders (33,451) (22,988)
Net cash provided by (used in) financing activities 102,207 (217,090)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 4,216 1,638
Increase (decrease) in cash, cash equivalents and restricted cash 226,269 (84,420)
Cash, cash equivalents and restricted cash at beginning of period 548,735 444,730
Cash, cash equivalents and restricted cash at end of period $ 775,004 $ 360,310