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Leases (Tables)
9 Months Ended
Sep. 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 September 30, 2025, were as follows:
Dollars in thousandsOPERATING
2025$202,753 
2026796,402 
2027702,759 
2028593,867 
2029492,473 
2030 and thereafter1,837,965 
$4,626,219 
Schedule of Future Minimum Operating Lease Payments
The Company’s future lease payments (primarily for its 118 non-prepaid ground leases), excluding amounts due for held for sale properties, as of September 30, 2025, were as follows:
Dollars in thousandsOPERATINGFINANCING
2025$2,157 $486 
20269,517 2,066 
20279,648 2,105 
20289,763 2,137 
20299,804 2,169 
2030 and thereafter444,727 381,924 
Total undiscounted lease payments485,616 390,887 
Discount(319,385)(318,233)
Lease liabilities$166,231 $72,654 
Schedule of Future Minimum Financing Lease Payments
The Company’s future lease payments (primarily for its 118 non-prepaid ground leases), excluding amounts due for held for sale properties, as of September 30, 2025, were as follows:
Dollars in thousandsOPERATINGFINANCING
2025$2,157 $486 
20269,517 2,066 
20279,648 2,105 
20289,763 2,137 
20299,804 2,169 
2030 and thereafter444,727 381,924 
Total undiscounted lease payments485,616 390,887 
Discount(319,385)(318,233)
Lease liabilities$166,231 $72,654 
Schedule of Lease Cost
The following table provides details of the Company's total lease expense for the three and nine months ended September 30, 2025 and 2024:
THREE MONTHS ENDED
September 30,
NINE MONTHS ENDED
September 30,
Dollars in thousands2025202420252024
Operating lease cost
Operating lease expense$4,370 $4,484 $13,125 $13,549 
Variable lease expense1,273 1,240 4,074 3,782 
Finance lease cost
Amortization of right-of-use assets370 383 1,111 1,162 
Interest on lease liabilities927 934 2,764 2,814 
Total lease expense$6,940 $7,041 $21,074 $21,307 
Other information
Operating cash flows outflows related to operating leases$3,445 $3,513 $12,466 $12,441 
Operating cash flows outflows related to financing leases$568 $504 $1,686 $1,658 
Financing cash flows outflows related to financing leases$100 $$239 $13 
Right-of-use assets obtained in exchange for new operating lease liabilities$— $1,294 $— $3,855 
Weighted-average years remaining lease term (excluding renewal options) - operating leases40.644.5
Weighted-average years remaining lease term (excluding renewal options) - finance leases57.258.0
Weighted-average discount rate - operating leases5.7 %5.7 %
Weighted-average discount rate - finance leases5.0 %5.0 %