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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of future minimum lease payments due to the Company under property operating agreements

Future minimum lease payments under the non-cancelable operating leases, excluding any reimbursements, as of December 31, 2023 were as follows:

In thousands
2024			$	894,442
2025			801,973
2026			701,615
2027			582,028
2028			469,549
2029 and thereafter			1,579,010
			$	5,028,617

Schedule of future minimum operating lease payments

The Company’s future lease payments (primarily for its 157 non-prepaid ground leases) as of December 31, 2023 were as follows:

In thousands			OPERATING			FINANCING
2024			$	12,263		$	2,182
2025			12,428			2,218
2026			12,516			2,254
2027			12,703			2,294
2028			12,822			2,326
2029 and thereafter			698,905			394,072
Total undiscounted lease payments			$	761,637		$	405,346
Discount			(531,923)			(330,843)
Lease liabilities			$	229,714		$	74,503

Schedule of future minimum finance lease payments

The Company’s future lease payments (primarily for its 157 non-prepaid ground leases) as of December 31, 2023 were as follows:

In thousands			OPERATING			FINANCING
2024			$	12,263		$	2,182
2025			12,428			2,218
2026			12,516			2,254
2027			12,703			2,294
2028			12,822			2,326
2029 and thereafter			698,905			394,072
Total undiscounted lease payments			$	761,637		$	405,346
Discount			(531,923)			(330,843)
Lease liabilities			$	229,714		$	74,503

Schedule of lease cost

The following table provides details of the Company's total lease expense for the years ended December 31, 2023 and 2022:

In thousands						YEAR ENDED Dec. 31, 2023			YEAR ENDED Dec. 31, 2022
Operating lease cost
Operating lease expense						$	20,623		$	12,699
Variable lease expense						8,979			4,529
Finance lease cost
Amortization of right-of-use assets						1,564			1,288
Interest on lease liabilities						3,718			2,876
Total lease expense						$	34,884		$	21,392
Other information
Operating cash flows outflows related to operating leases						$	19,222		$	12,816
Operating cash flows outflows related to financing leases						$	2,122		$	1,838
Financing cash flows outflows related to financing leases						$	17		$	—
Right-of-use assets obtained in exchange for new finance lease liabilities						$	—		$	53,765
Right-of-use assets obtained in exchange for new operating lease liabilities						$	1,758		$	216,047
Weighted-average remaining lease term (excluding renewal options) - operating leases						45.8			47.5
Weighted-average remaining lease term (excluding renewal options) - finance leases						57.9			58.9
Weighted-average discount rate - operating leases						5.7		%	5.8		%
Weighted-average discount rate - finance leases						5.0		%	5.0		%

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- 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
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-12

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