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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Future Minimum Operating Lease Payments Receivable
Future lease payments under the non-cancelable operating leases, excluding any reimbursements and one sales-type lease, as of June 30, 2025, were as follows:
Dollars in thousandsOPERATING
2025$414,817 
2026794,621 
2027683,818 
2028570,959 
2029466,000 
2030 and thereafter1,734,240 
$4,664,455 
Schedule of Future Minimum Operating Lease Payments
The Company’s future lease payments (primarily for its 130 non-prepaid ground leases), excluding amounts due for held for sale properties, as of June 30, 2025, were as follows:
Dollars in thousandsOPERATINGFINANCING
2025$5,235 $957 
202611,392 2,106 
202711,581 2,145 
202811,717 2,177 
202911,776 2,209 
2030 and thereafter563,917 383,172 
Total undiscounted lease payments615,618 392,766 
Discount(411,940)(319,747)
Lease liabilities$203,678 $73,019 
Schedule of Future Minimum Financing Lease Payments
The Company’s future lease payments (primarily for its 130 non-prepaid ground leases), excluding amounts due for held for sale properties, as of June 30, 2025, were as follows:
Dollars in thousandsOPERATINGFINANCING
2025$5,235 $957 
202611,392 2,106 
202711,581 2,145 
202811,717 2,177 
202911,776 2,209 
2030 and thereafter563,917 383,172 
Total undiscounted lease payments615,618 392,766 
Discount(411,940)(319,747)
Lease liabilities$203,678 $73,019 
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, 2025 and 2024:
THREE MONTHS ENDED
June 30,
SIX MONTHS ENDED
June 30,
Dollars in thousands2025202420252024
Operating lease cost
Operating lease expense$4,397 $4,599 $8,753 $9,065 
Variable lease expense1,474 1,315 2,802 2,542 
Finance lease cost
Amortization of right-of-use assets370 392 741 779 
Interest on lease liabilities921 942 1,837 1,880 
Total lease expense$7,162 $7,248 $14,133 $14,266 
Other information
Operating cash flows outflows related to operating leases$4,529 $4,889 $9,021 $8,929 
Operating cash flows outflows related to financing leases$576 $591 $1,119 $1,154 
Financing cash flows outflows related to financing leases$$$139 $30 
Right-of-use assets obtained in exchange for new operating lease liabilities$— $2,561 $— $2,561 
Weighted-average years remaining lease term (excluding renewal options) - operating leases41.945.9
Weighted-average years remaining lease term (excluding renewal options) - finance leases57.257.4
Weighted-average discount rate - operating leases5.5 %5.7 %
Weighted-average discount rate - finance leases5.0 %5.0 %