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v3.23.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases |
Summary of lease income | The following table includes information regarding contractual lease payments for the Company’s operating leases for which it is the lessor, for the three months ended March 31, 2023 and 2022 (presented in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​
​ | ​ |  | March 31, 2023 | ​ | March 31, 2022 | ​
Total lease payments | ​ | ​ | $ | 132,152 | ​ | $ | 103,362 | ​
Less: Operating cost reimbursements and percentage rents | ​ | ​ |  | 16,391 | ​ |  | 11,914 | ​
Total non-variable lease payments | ​ | ​ | $ | 115,761 | ​ | $ | 91,448 | ​
​
Summary of lease income to be received | At March 31, 2023, future non-variable lease payments to be received from the Company’s operating leases for the remainder of 2023, the following four years, and thereafter are as follows (presented in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
Future non-variable lease payments | ​ | $ | 368,894 | ​ |  | $ | 487,577 |  | $ | 477,641 |  | $ | 458,347 |  | $ | 436,493 | ​ | $ | 2,325,780 |  | $ | 4,554,732
​
Summary of lease costs and maturity analysis | The following tables include information on the Company’s land leases for which it is the lessee, for the three months ended March 31, 2023 and 2022 and maturity analysis as of March 31, 2023. (presented in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ |  | March 31, 2023 |  |  | March 31, 2022 |
Operating leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash outflows | ​ | $ | 299 | ​ | ​ | $ | 298 | ​
Weighted-average remaining lease term - operating leases (years) | ​ | ​ | 33.4 | ​ | ​ | ​ | 33.7 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash outflows | ​ | $ | 63 | ​ | ​ | $ | 64 | ​
Financing cash outflows | ​ | $ | 21 | ​ | ​ | $ | 20 | ​
Weighted-average remaining lease term - finance leases (years) | ​ | ​ | 1.5 | ​ | ​ | ​ | 2.5 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Summary of maturity analysis of lease liabilities for operating land leases | Maturity analysis of lease liabilities for operating land leases as of March 31, 2023 for the remainder of 2023 and the following four years. (presented in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
Lease payments | ​ | $ | 897 | ​ |  | $ | 1,197 |  | $ | 1,197 |  | $ | 1,195 |  | $ | 1,042 | ​ | $ | 28,809 |  | $ | 34,337
Imputed interest | ​ |  | (531) | ​ | ​ |  | (690) | ​ |  | (669) | ​ |  | (647) | ​ |  | (627) | ​ |  | (13,863) | ​ |  | (17,027)
Total lease liabilities | ​ | $ | 366 | ​ |  | $ | 507 |  | $ | 528 |  | $ | 548 |  | $ | 415 | ​ | $ | 14,946 |  | $ | 17,310
​
Summary of maturity analysis of lease liabilities for finance land leases | Maturity analysis of lease liabilities for finance land leases as of March 31, 2023 for the remainder of 2023 and the following four years. (presented in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
Lease payments | ​ | $ | 252 | ​ |  | $ | 6,252 |  | $ | — |  | $ | — | ​ | $ | — | ​ | $ | — |  | $ | 6,504
Imputed interest | ​ |  | (188) | ​ | ​ |  | (207) | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | (395)
Total lease liabilities | ​ | $ | 64 | ​ |  | $ | 6,045 |  | $ | — |  | $ | — |  | $ | — | ​ | $ | — |  | $ | 6,109
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
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