v3.26.3
Reportable Segments - Reportable Segment Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]          
Total revenues $ 2,387,518 $ 2,213,881 $ 7,110,693 $ 6,537,415  
Total expenses (612,874) (562,629) (1,871,786) (1,685,958)  
Operating income 1,044,720 940,261 3,507,111 2,731,386  
General and administrative expenses (127,597) (110,662) (384,113) (332,234)  
Depreciation and amortization expenses (710,300) (647,999) (2,131,324) (1,957,278)  
Gains on dispositions of development properties and land, net 51,538 15,435 423,717 53,363  
Gains on other dispositions of investments in real estate, net 56,435 32,235 359,924 116,078  
Earnings from unconsolidated entities, net 155,417 92,827 396,183 268,418  
Gains (losses) on early extinguishment of debt, net 144 0 (1,777) 0  
Earnings before income taxes 977,861 875,795 3,302,774 2,204,407  
Total assets 103,894,706   103,894,706   $ 98,724,256
Investments in and advances to unconsolidated entities 11,505,548   11,505,548   11,093,936
Assets held for sale or contribution 545,788   545,788   203,344
Cash and cash equivalents 2,273,497   2,273,497   1,145,647
Other assets 7,169,743   7,169,743   5,881,122
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Operating income 1,774,644 1,651,252 5,238,907 4,851,457  
Total assets [1] 87,791,938   87,791,938   85,553,513
Operating Segments [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 2,223,192 2,063,530 6,543,936 6,098,763  
Total expenses (528,672) (493,359) (1,610,105) (1,490,994)  
Operating income 1,694,520 1,570,171 4,933,831 4,607,769  
Total assets 87,760,427   87,760,427   85,521,033
Operating Segments [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 164,326 150,351 566,757 438,652  
Total expenses (84,202) (69,270) (261,681) (194,964)  
Operating income 80,124 81,081 305,076 243,688  
Total assets [1] 31,511   31,511   32,480
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 2,086,324 1,959,698 6,161,998 5,814,191  
Total expenses [2] (482,791) (459,261) (1,470,332) (1,394,588)  
Operating income [2] 1,603,533 1,500,437 4,691,666 4,419,603  
Total assets 79,483,679   79,483,679   77,986,597
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 60,149 51,005 170,112 149,083  
Total expenses [2] (40,303) (34,290) (134,233) (93,331)  
Operating income [2] 19,846 16,715 35,879 55,752  
Total assets [1] 5,939   5,939   6,893
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 56,876 48,973 168,822 141,209  
Total expenses (11,509) (10,073) (37,061) (28,255)  
Operating income 45,367 38,900 131,761 112,954  
Total assets 3,231,828   3,231,828   3,215,779
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 25,587 22,154 153,387 65,933  
Total expenses (7,250) (6,066) (20,363) (15,599)  
Operating income 18,337 16,088 133,024 50,334  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 39,768 36,833 115,772 95,226  
Total expenses (16,828) (18,387) (58,818) (51,814)  
Operating income 22,940 18,446 56,954 43,412  
Total assets 3,071,604   3,071,604   3,218,384
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 60,910 54,167 184,825 159,247  
Total expenses (24,341) (18,149) (70,638) (53,797)  
Operating income 36,569 36,018 114,187 105,450  
Total assets [1] 25,280   25,280   25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 40,224 18,026 97,344 48,137  
Total expenses (17,544) (5,638) (43,894) (16,337)  
Operating income 22,680 12,388 53,450 31,800  
Total assets 1,973,316   1,973,316   1,100,273
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 17,680 23,025 58,433 64,389  
Total expenses (12,308) (10,765) (36,447) (32,237)  
Operating income 5,372 12,260 21,986 32,152  
Total assets [1] 292   292   307
Non Segment Items [Member]          
Segment Reporting Information [Line Items]          
Operating income 1,044,720 940,261 3,507,111 2,731,386  
General and administrative expenses (127,597) (110,662) (384,113) (332,234)  
Depreciation and amortization expenses (710,300) (647,999) (2,131,324) (1,957,278)  
Gains on dispositions of development properties and land, net 51,538 15,435 423,717 53,363  
Gains on other dispositions of investments in real estate, net 56,435 32,235 359,924 116,078  
Earnings from unconsolidated entities, net 155,417 92,827 396,183 268,418  
Interest expense (286,955) (258,274) (817,552) (741,891)  
Foreign currency, derivative and other gains (losses) and other income (expense), net 64,535 100,981 218,809 (53,506)  
Gains (losses) on early extinguishment of debt, net 144 0 (1,777) 0  
Earnings before income taxes 977,861 $ 875,795 3,302,774 $ 2,204,407  
Total assets 16,102,768   16,102,768   13,170,743
Investments in and advances to unconsolidated entities 11,505,548   11,505,548   11,093,936
Assets held for sale or contribution 545,788   545,788   203,344
Cash and cash equivalents 2,273,497   2,273,497   1,145,647
Other assets $ 1,777,935   $ 1,777,935   $ 727,816
[1] Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital Segment. Goodwill was $25.3 million at September 30, 2026 and December 31, 2025.
[2] This includes compensation and personnel costs for employees who were located in the U.S. but also support other geographies.