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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2025
Revenue Recognition [Abstract]  
Operating leases, lease income
Details of the Company's rental income for the year ended December 31, 2025 was as follows (in thousands):
Year Ended December 31, 2025
Building base rent$1,218,460 
Land base rent198,228 
Percentage rent and other rental revenue72,624 
Interest income on real estate loans16,034 
Total cash income$1,505,346 
Straight-line rent adjustments22,468 
Ground rent in revenue38,582 
Accretion on leases28,356 
Total income from real estate$1,594,752 
Schedule of future minimum lease payments receivable from operating leases
As of December 31, 2025, the future minimum rental income from the Company's rental properties under non-cancelable operating leases, including any reasonably assured renewal periods, was as follows (in thousands):
Year ending December 31,
Future Rental Payments Receivable
Straight-Line Rent Adjustments (1)
Future Base Ground Rents ReceivableFuture Income to be Recognized Related to Operating Leases
2026$1,291,303 $48,457 $15,619 $1,355,379 
20271,281,799 47,132 15,154 1,344,085 
20281,284,186 40,002 15,036 1,339,224 
20291,266,486 33,986 15,036 1,315,508 
20301,272,602 27,870 15,043 1,315,515 
Thereafter3,835,923 (23,478)58,509 3,870,954 
Total$10,232,299 $173,969 $134,397 $10,540,665 
(1) Includes tenant improvement allowance that is being amortized over the life of a tenant lease and excludes deferred income on the Bally's Chicago Land Lease as the facility is under development and as such is not ready for its intended use.