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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | Leases For the three and six months ended June 30, 2022, we added one new ground lease that commenced in June 2022. Based on our analysis, we concluded that its classification was an operating lease. Lessee - Maturity of Lease Liabilities The following table summarizes the future minimum lease obligations of our operating and finance leases as of June 30, 2022 (in thousands):
Year |  | Operating Leases |  | Finance Leases
2022 |  | $ | 5,378 |  |  | $ | 316 |
2023 |  | 10,884 |  |  | 635 |
2024 |  | 10,411 |  |  | 640 |
2025 |  | 9,899 |  |  | 645 |
2026 |  | 9,901 |  |  | 656 |
2027 |  | 9,886 |  |  | 668 |
Thereafter |  | 591,325 |  |  | 36,856 |
Total undiscounted lease payments |  | $ | 647,684 |  |  | $ | 40,416 |
Less: Interest |  | (450,693) |  |  | (23,506) |
Present value of lease liabilities |  | $ | 196,991 |  |  | $ | 16,910 |
Lessor - Lease Revenues and Maturity of Future Minimum Rents For the three months ended June 30, 2022 and 2021, we recognized $198.0 million and $187.4 million, respectively, of rental and other lease-related income related to our operating leases, of which $47.4 million and $42.2 million, respectively, were variable lease payments. For the six months ended June 30, 2022 and 2021, we recognized $397.3 million and $377.8 million, respectively, of rental and other lease-related income related to our operating leases, of which $95.5 million and $87.3 million, respectively, were variable lease payments. The following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of June 30, 2022 (in thousands):
Year |  | Amount
2022 |  | $ | 290,284 |
2023 |  | 551,493 |
2024 |  | 495,354 |
2025 |  | 436,400 |
2026 |  | 388,471 |
2027 |  | 318,837 |
Thereafter |  | 1,345,024 |
Total |  | $ | 3,825,863 |

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=77888252 + Details
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