XML 49 R34.htm IDEA: XBRL DOCUMENT v3.25.1
Rental Income and Future Minimum Rent (Tables)
3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
(in thousands)
Fixed lease payments$221,015 $230,315 
Variable lease payments46,420 48,458 
Net collectability reversals (1)
(1,191)(3,883)
Total rental income$266,244 $274,890 
_____________________
(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 March 31, 2025 for future periods is summarized as follows:
Year Ending(in thousands)
Remaining 2025$612,316 
2026791,520 
2027752,544 
2028714,557 
2029622,360 
2030540,281 
Thereafter1,080,149 
Total (1)
$5,113,727 
_____________________
(1)Excludes residential leases and leases with a term of one year or less.