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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Future Minimum Operating Lease Payments Receivable
Future lease payments under the non-cancelable operating leases, excluding any reimbursements and the sale-type lease, as of June 30, 2023 were as follows:
Dollars in thousandsOPERATING
2023$467,393 
2024861,323 
2025751,369 
2026648,352 
2027536,874 
2028 and thereafter1,950,019 
$5,215,330 
Schedule of Future Minimum Operating Lease Payments
The Company’s future lease payments (primarily for its 166 non-prepaid ground leases) as of June 30, 2023 were as follows:
Dollars in thousandsOPERATINGFINANCING
2023$7,315 $992 
202415,011 2,182 
202514,597 2,218 
202614,631 2,255 
202714,701 2,294 
2028 and thereafter929,853 396,398 
Total undiscounted lease payments996,108 406,339 
Discount(717,629)(332,710)
Lease liabilities$278,479 $73,629 
Schedule of Future Minimum Financing Lease Payments
The Company’s future lease payments (primarily for its 166 non-prepaid ground leases) as of June 30, 2023 were as follows:
Dollars in thousandsOPERATINGFINANCING
2023$7,315 $992 
202415,011 2,182 
202514,597 2,218 
202614,631 2,255 
202714,701 2,294 
2028 and thereafter929,853 396,398 
Total undiscounted lease payments996,108 406,339 
Discount(717,629)(332,710)
Lease liabilities$278,479 $73,629 
Schedule of Lease Cost
The following table provides details of the Company's total lease expense for the three and six months ended June 30, 2023 and 2022:
THREE MONTHS ENDED
June 30,
SIX MONTHS ENDED
June 30,
Dollars in thousands2023202220232022
Operating lease cost
Operating lease expense$5,329 $1,194 $10,436 $2,409 
Variable lease expense2,235 1,038 4,371 2,062 
Finance lease cost
Amortization of right-of-use assets387 331 774 503 
Interest on lease liabilities923 765 1,841 1,052 
Total lease expense$8,874 $3,328 $17,422 $6,026 
Other information
Operating cash flows outflows related to operating leases$5,230 $1,799 $11,190 $4,596 
Operating cash flows outflows related to financing leases$541 $509 $1,094 $767 
Financing cash flows outflows related to financing leases$$— $17 $51 
Right-of-use assets obtained in exchange for new finance lease liabilities$— $— $— $40,589 
Weighted-average years remaining lease term (excluding renewal options) - operating leases47.347.4
Weighted-average years remaining lease term (excluding renewal options) - finance leases58.461.7
Weighted-average discount rate - operating leases5.8 %5.6 %
Weighted-average discount rate - finance leases5.0 %5.0 %