XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.24.3

Rental Income and Future Minimum Rent (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
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 for the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Fixed lease payments | $ | 234,812 |  |  | $ | 232,090 |  |  | $ | 691,596 |  |  | $ | 713,254 |
Variable lease payments | 51,907 |  |  | 49,232 |  |  | 149,821 |  |  | 142,771 |
Net collectability reversals (1) | (768) |  |  | (641) |  |  | (4,657) |  |  | (3,931) |
Total rental income | $ | 285,951 |  |  | $ | 280,681 |  |  | $ | 836,760 |  |  | $ | 852,094 |
_____________________ (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 moved to / restored from a cash basis of revenue recognition and allowances for uncollectible receivables.
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, 2024 for future periods is summarized as follows:
Year Ending | (in thousands)
Remaining 2024 | $ | 204,645 |
2025 | 815,864 |
2026 | 775,705 |
2027 | 720,685 |
2028 | 678,862 |
2029 | 589,121 |
Thereafter | 1,520,529 |
Total (1) | $ | 5,305,411 |
_____________________ (1)Excludes residential leases and leases with a term of one year or less.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration