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Leases (Tables)
 9 Months Ended
Sep. 30, 2023
Lessor  
Operating Lease - Schedule of Future Minimum Lease Receivable Future lease payments to be received under the terms of our operating lease agreements, excluding expense reimbursements, in effect as of September 30, 2023 are outlined in the table below (in thousands):
YearAmount
2023$449,129 
20241,890,662 
20251,889,185 
20261,826,408 
20271,732,266 
Thereafter11,630,149 
Total$19,417,799 
Net investment in direct financing and sales-type leases
The components of our aggregate net investment in our direct financing lease as of September 30, 2023 and December 31, 2022 are summarized in the table below (in thousands):
September 30, 2023December 31, 2022
Gross investment in direct financing lease$253,791 $255,186 
Less: unearned income on direct financing lease(211,044)(212,995)
Less: allowance for credit losses(2,839)(2,839)
Net investment in direct financing lease$39,908 $39,352 
Direct Financing and Sales-Type Leases - Schedule of Future Minimum Payment Receivable
Future lease payments to be received under the terms of our direct financing lease as of September 30, 2023 are outlined in the table below (in thousands):
YearTotal
2023$468 
20241,919 
20251,976 
20262,036 
20272,097 
Thereafter245,295 
Total$253,791 
Income from rentals
Our income from rentals includes revenue related to agreements for the rental of our real estate, which primarily includes revenues subject to the lease accounting standard and the revenue recognition accounting standard as shown below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Income from rentals:
Revenues subject to the lease accounting standard:
Operating leases$696,601 $646,662 $2,069,042 $1,879,534 
Direct financing and sales-type leases(1)
653 642 1,951 2,449 
Revenues subject to the lease accounting standard697,254 647,304 2,070,993 1,881,983 
Revenues subject to the revenue recognition accounting standard10,277 9,549 28,826 28,383 
Income from rentals$707,531 $656,853 $2,099,819 $1,910,366 
(1)We completed the sale of our real estate assets subject to sales-type leases in May 2022 and have had no sales-type leases since then.
Lessee  
Operating Lease - Schedule of Future Minimum Lease Payable
The reconciliation of future lease payments under noncancelable operating leases in which we are the lessee to the operating lease liability reflected in our unaudited consolidated balance sheet as of September 30, 2023 is presented in the table below (in thousands):
YearTotal
2023$5,374 
202421,651 
202521,682 
202621,843 
202720,892 
Thereafter764,444 
Total future payments under our operating leases in which we are the lessee855,886 
Effect of discounting(470,928)
Operating lease liability$384,958 
Lessee Operating Costs For the three and nine months ended September 30, 2023 and 2022, our costs for operating leases in which we are the lessee were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Gross operating lease costs$9,005 $9,349 $30,277 $26,843 
Capitalized lease costs(688)(847)(4,906)(2,699)
Expenses for operating leases in which we are the lessee$8,317 $8,502 $25,371 $24,144