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Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table presents Net Income for the years ended December 31, 2024, 2023, and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
REVENUES: |  |  |  |  |
Rental income | $ | 1,118,115 |  |  | $ | 1,117,737 |  |  | $ | 1,086,018 |
Other property income | 17,514 |  |  | 11,957 |  |  | 10,969 |
Total revenues | 1,135,629 |  |  | 1,129,694 |  |  | 1,096,987 |
EXPENSES: |  |  |  |  |
Property expenses | 243,441 |  |  | 228,964 |  |  | 202,744 |
Real estate taxes | 108,951 |  |  | 105,868 |  |  | 105,869 |
Ground leases | 11,715 |  |  | 9,732 |  |  | 7,565 |
General and administrative expenses | 72,066 |  |  | 93,434 |  |  | 93,642 |
Leasing costs | 8,764 |  |  | 6,506 |  |  | 4,879 |
Depreciation and amortization | 356,182 |  |  | 355,278 |  |  | 357,611 |
Total expenses | 801,119 |  |  | 799,782 |  |  | 772,310 |
OTHER INCOME (EXPENSES) : |  |  |  |  |
Interest and other income, net | 37,752 |  |  | 22,592 |  |  | 1,765 |
Interest expense | (145,287) |  |  | (114,216) |  |  | (84,278) |
Gains on sales of depreciable operating properties | — |  |  | — |  |  | 17,329 |
Gain on sales of long-lived assets | 5,979 |  |  | — |  |  | — |
Total other (expenses) income | (101,556) |  |  | (91,624) |  |  | (65,184) |
NET INCOME | $ | 232,954 |  |  | $ | 238,288 |  |  | $ | 259,493 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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