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Rental Income and Future Minimum Rent (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Schedule of Rental Income | The table below sets forth the allocation of rental income between fixed and variable payments and net collectability reversals or recoveries for the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands)
Fixed lease payments | $ | 232,090 |  |  | $ | 231,747 |  |  | $ | 713,254 |  |  | $ | 685,797 |
Variable lease payments | 49,232 |  |  | 42,503 |  |  | 142,771 |  |  | 118,724 |
Net collectability reversals (1) | (641) |  |  | (1,704) |  |  | (3,931) |  |  | (191) |
Total rental income | $ | 280,681 |  |  | $ | 272,546 |  |  | $ | 852,094 |  |  | $ | 804,330 |
_____________________ (1)Represents adjustments to rental income related to our assessment of the collectability of amounts due under leases with our tenants, including recognition of deferred rent balances associated with tenants restored from a cash basis of revenue recognition to an accrual basis of revenue recognition and allowances for uncollectible receivables and leases deemed not probable of collection.
Schedule of Future Contractual Minimum Rent Under Operating Lease | Future contractual minimum rent under operating leases, which includes amounts contractually due from leases that are on a cash basis of reporting due to creditworthiness considerations, as of September 30, 2023 for future periods is summarized as follows:
Year Ending | (in thousands)
Remaining 2023 | $ | 202,244 |
2024 | 805,187 |
2025 | 797,014 |
2026 | 746,466 |
2027 | 681,760 |
2028 | 636,557 |
Thereafter | 1,924,042 |
Total (1) | $ | 5,793,270 |
_____________________ (1)Excludes residential leases and leases with a term of one year or less.

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