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Rental Income and Future Minimum Rent (Tables) | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2024 and 2023:
| Year Ended December 31,
| 2024 |  | 2023
Fixed lease payments | $ | 923,029 |  |  | $ | 944,618 |
Variable lease payments | 197,502 |  |  | 184,672 |
Net collectability reversals (1) | (2,416) |  |  | (11,553) |
Total rental income | $ | 1,118,115 |  |  | $ | 1,117,737 |
____________________ (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 December 31, 2024 for future periods is summarized as follows:
Year Ending | (in thousands)
2025 | $ | 819,139 |
2026 | 787,062 |
2027 | 742,917 |
2028 | 703,798 |
2029 | 614,718 |
Thereafter | 1,608,063 |
Total (1) | $ | 5,275,697 |
____________________ (1)Excludes residential leases and leases with a term of one year or less.

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