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Note 7 - Accounts and Notes Receivable - Components of Accounts and Notes Receivable (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Billed tenant receivables $ 26,480 $ 33,801
Unbilled common area maintenance, insurance and tax reimbursements 39,636 56,001
Deferred rent receivables 943 1,905
Defined benefit plan receivable (1) [1] 14,684 14,421
Other receivables 11,488 8,361
Straight-line rent receivables 201,377 189,737
Total accounts and notes receivable, net $ 294,608 $ 304,226
[1] In August 2021, the Company assumed sponsorship of Weingarten Realty Investors’ noncontributory qualified cash balance retirement plan (the “Benefit Plan”) in connection with the merger with Weingarten Realty Investors (“Weingarten”). The Benefit Plan was frozen as of the date of the merger and subsequently terminated as of December 31, 2021. As of June 30, 2023, the Benefit Plan has excess assets of $14.7 million. Additionally, as of June 30, 2023, the Company has unrealized gains related to the Benefit Plan of $10.6 million, which is included in Accumulated other comprehensive income on the Company’s Condensed Consolidated Balance Sheet (see Footnote 18 of the Notes to Condensed Consolidated Financial Statements). The Company expects to settle all the Benefit Plan’s obligations during the remainder of 2023.