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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Leases Lease Income The following table summarizes the Company’s lease income, excluding discontinued operations (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Fixed income from operating leases | $ | 298,680 |  |  | $ | 276,430 |  |  | $ | 882,700 |  |  | $ | 807,677 |
Variable income from operating leases | 93,621 |  |  | 77,086 |  |  | 266,830 |  |  | 214,453 |
Interest income from direct financing leases | — |  |  | 2,179 |  |  | 1,168 |  |  | 6,522 |
Direct Financing Leases 2022 Direct Financing Lease Sale During the first quarter of 2022, the Company sold its remaining hospital classified as a direct financing lease (“DFL”) for $68 million and recognized a gain on sale of $23 million, which is included in other income (expense), net. Net investment in DFLs consists of the following (in thousands):
| September 30, 2022 |  | December 31, 2021
Present value of minimum lease payments receivable | $ | — |  |  | $ | 1,220 |
Present value of estimated residual value | — |  |  | 44,706 |
Less deferred selling profits | — |  |  | (1,220) |
Net investment in direct financing leases | $ | — |  |  | $ | 44,706 |
Direct Financing Lease Internal Ratings At September 30, 2022, the Company had no properties classified as a DFL. At December 31, 2021, the Company had one hospital classified as a DFL with a carrying amount of $45 million and an internal rating of “performing”.
Leases | Leases Lease Income The following table summarizes the Company’s lease income, excluding discontinued operations (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Fixed income from operating leases | $ | 298,680 |  |  | $ | 276,430 |  |  | $ | 882,700 |  |  | $ | 807,677 |
Variable income from operating leases | 93,621 |  |  | 77,086 |  |  | 266,830 |  |  | 214,453 |
Interest income from direct financing leases | — |  |  | 2,179 |  |  | 1,168 |  |  | 6,522 |
Direct Financing Leases 2022 Direct Financing Lease Sale During the first quarter of 2022, the Company sold its remaining hospital classified as a direct financing lease (“DFL”) for $68 million and recognized a gain on sale of $23 million, which is included in other income (expense), net. Net investment in DFLs consists of the following (in thousands):
| September 30, 2022 |  | December 31, 2021
Present value of minimum lease payments receivable | $ | — |  |  | $ | 1,220 |
Present value of estimated residual value | — |  |  | 44,706 |
Less deferred selling profits | — |  |  | (1,220) |
Net investment in direct financing leases | $ | — |  |  | $ | 44,706 |
Direct Financing Lease Internal Ratings At September 30, 2022, the Company had no properties classified as a DFL. At December 31, 2021, the Company had one hospital classified as a DFL with a carrying amount of $45 million and an internal rating of “performing”.

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