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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Federal Income Tax Treatment of Share Distributions | The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended December 31, 2024, 2023 and 2022. Federal Income Tax Treatment of Share Distributions
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Common Share Distributions: | (Per share)
Ordinary dividends | $ | 5.21028 |  |  | 5.02083 |  |  | 4.53746 |
Nondividend distributions | — |  |  | — |  |  | — |
Unrecaptured Section 1250 capital gain | — |  |  | — |  |  | — |
Other capital gain | — |  |  | — |  |  | — |
Total Common Share Distributions (1) | $ | 5.21028 |  |  | 5.02083 |  |  | 4.53746 |
(1) Pursuant to Internal Revenue Code of 1986, as amended, Section 857(b)(9), cash distributions made on January 15, 2025 with a record date of December 31, 2024 were treated as received by shareholders on December 31, 2024 to the extent of 2024 undistributed earnings and profits. Cash distributions made on January 12, 2024 with a record date of December 29, 2023 were treated as received by shareholders on December 31, 2023 to the extent of 2023 undistributed earnings and profits. Cash distributions made on January 13, 2023 with a record date of December 30, 2022 were treated as received by shareholders on December 31, 2022 to the extent of 2022 undistributed earnings and profits.
Operating Lease, Lease Income [Table Text Block] | The table below presents the components of Income from real estate operations for the years ended December 31, 2024, 2023 and 2022:
|  |  |  |  | Years Ended December 31, |  |
|  |  |  |  | 2024 |  | 2023 |  | 2022 |  |
|  |  |  |  | (In thousands)
Lease income — operating leases |  |  |  |  | $ | 477,647 |  |  | 424,063 |  |  | 364,957 |  |  |
Variable lease income (1) |  |  |  |  | 160,388 |  |  | 142,116 |  |  | 121,860 |  |  |
Income from real estate operations |  |  |  |  | $ | 638,035 |  |  | 566,179 |  |  | 486,817 |  |  |
(1)Primarily includes tenant reimbursements for real estate taxes, insurance and common area maintenance.
Future Minimum Rental Receipts Under Non-cancelable Leases [Table Text Block] | The following schedule indicates approximate future minimum rental receipts under non-cancelable leases for real estate properties by year as of December 31, 2024:
Years Ending December 31, |  | (In thousands)
2025 |  | $ | 497,772 |
2026 |  | 459,499 |
2027 |  | 372,124 |
2028 |  | 295,519 |
2029 |  | 221,056 |
Thereafter |  | 446,149 |
Total minimum receipts |  | $ | 2,292,119 |
Projected amortization of in-place lease intangibles for the next five years | Projected amortization of in-place lease intangibles for the next five years as of December 31, 2024 is as follows:
Years Ending December 31, |  | (In thousands)
2025 |  | $ | 12,066 |
2026 |  | 9,356 |
2027 |  | 6,364 |
2028 |  | 3,907 |
2029 |  | 2,949 |
Thereafter |  | 4,016 |
Total projected amortization of in-place lease intangibles |  | $ | 38,658 |
Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the real estate property acquisitions during the years ended December 31, 2024, 2023 and 2022.
|  | Costs Incurred During the Years Ended December 31,
ACQUIRED ASSETS AND ASSUMED LIABILITIES |  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Land |  | $ | 41,815 |  |  | 44,676 |  |  | 127,402 |
Buildings and building improvements |  | 312,911 |  |  | 111,082 |  |  | 335,335 |
Tenant and other improvements |  | 27,049 |  |  | 4,346 |  |  | 11,502 |
Right of use assets — Ground leases (operating) |  | 21,836 |  |  | — |  |  | — |
Total real estate properties acquired |  | 403,611 |  |  | 160,104 |  |  | 474,239 |
In-place lease intangibles (1) |  | 27,102 |  |  | 7,242 |  |  | 11,871 |
Above market lease intangibles (1) |  | 121 |  |  | — |  |  | — |
Below market lease intangibles (2) |  | (18,987) |  |  | (2,230) |  |  | (4,059) |
Operating lease liabilities — Ground leases (3) |  | (21,836) |  |  | — |  |  | — |
Total assets acquired, net of liabilities assumed |  | $ | 390,011 |  |  | 165,116 |  |  | 482,051 |
(1)In-place lease intangibles and above market lease intangibles are each included in Other assets on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition. (2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition. (3)Operating lease liabilities - Ground leases are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.

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