XML 105 R79.htm IDEA: XBRL DOCUMENT v3.23.2
Business Segments - Reportable Business Segment Revenues, Net Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Segment Reporting Information [Line Items]          
Total revenues $ 2,450,971 $ 1,252,080 $ 4,219,558 $ 2,471,208  
Operating income 1,411,790 533,317 1,990,833 1,739,119  
General and administrative expenses (95,647) (83,114) (195,424) (157,760)  
Depreciation and amortization expenses (602,168) (402,313) (1,204,535) (798,960)  
Gains on dispositions of development properties and land, net 184,877 105,802 184,877 316,008  
Gains on other dispositions of investments in real estate, net [1] 24,761 0 28,808 584,835  
Earnings from unconsolidated entities, net 70,642 79,594 146,421 156,556  
Interest expense (149,818) (60,293) (285,829) (124,357)  
Gain (losses) on early extinguishment of debt, net 0 (730) 3,275 (18,895)  
Earnings before income taxes 1,358,718 696,270 1,889,418 1,945,214  
Total assets 92,392,041   92,392,041   $ 87,897,448
Investments in and advances to unconsolidated entities 9,931,261   9,931,261   9,698,898
Assets held for sale or contribution 616,571   616,571   531,257
Cash and cash equivalents 531,110   531,110   278,483
Other assets 4,739,886   4,739,886   4,801,499
Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total assets 80,692,709   80,692,709   76,673,811
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Total assets 80,728,690   80,728,690   76,710,139
Operating Segments [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,651,936 1,095,841 3,285,822 2,181,044  
Operating income 1,251,838 813,755 2,465,986 1,613,695  
Operating Segments [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 799,035 156,239 933,736 290,164  
Operating income 648,129 99,187 711,121 181,301  
Total assets 35,981   35,981   36,328
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,586,285 1,046,347 3,160,852 2,085,338  
Operating income 1,204,741 784,706 2,376,724 1,555,916  
Total assets 75,590,664   75,590,664   71,858,560
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 679,449 50,866 733,145 101,501  
Operating income 594,933 22,308 616,500 49,985  
Total assets 10,499   10,499   10,817
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 26,562 23,171 52,134 45,362  
Operating income 20,067 16,835 39,245 32,942  
Total assets 1,896,447   1,896,447   1,831,956
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 45,890 32,812 60,085 44,465  
Operating income 37,873 28,873 46,815 36,247  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 21,111 11,700 40,267 23,708  
Operating income 15,048 1,864 29,258 5,834  
Total assets 2,547,068   2,547,068   1,952,160
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 46,277 49,116 89,810 95,312  
Operating income 3,497 34,159 26,101 66,622  
Total assets 25,280   25,280   25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 17,978 14,623 32,569 26,636  
Operating income 11,982 10,350 20,759 19,003  
Total assets 658,530   658,530   1,031,135
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 27,419 23,445 50,696 48,886  
Operating income 11,826 13,847 21,705 28,447  
Total assets 202   202   231
Non Segment Items [Member]          
Segment Reporting Information [Line Items]          
Operating income 1,411,790 533,317 1,990,833 1,739,119  
General and administrative expenses 95,647 83,114 195,424 157,760  
Depreciation and amortization expenses 602,168 402,313 1,204,535 798,960  
Gains on dispositions of development properties and land, net 184,877 105,802 184,877 316,008  
Gains on other dispositions of investments in real estate, net 24,761   28,808 584,835  
Earnings from unconsolidated entities, net 70,642 79,594 146,421 156,556  
Interest expense 149,818 60,293 285,829 124,357  
Foreign currency and derivative gains and other income, net 26,104 144,382 34,718 192,791  
Gain (losses) on early extinguishment of debt, net   (730) 3,275 (18,895)  
Earnings before income taxes 1,358,718 $ 696,270 1,889,418 $ 1,945,214  
Total assets 11,663,351   11,663,351   11,187,309
Investments in and advances to unconsolidated entities 9,931,261   9,931,261   9,698,898
Assets held for sale or contribution 616,571   616,571   531,257
Cash and cash equivalents 531,110   531,110   278,483
Other assets $ 584,409   $ 584,409   $ 678,671
[1] During the three and six months ended June 30, 2023, we sold our ownership interest in an unconsolidated office joint venture.