XML 42 R24.htm IDEA: XBRL DOCUMENT v3.26.1
LEASES (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Leases All of our leases are currently classified as operating leases. Lease income related to our operating leases was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Rental income related to fixed lease payments(1)
$138,222 $130,485 $274,491 $258,020 
Rental income related to variable lease payments(1)(2)
41,887 40,131 86,220 81,852 
Straight-line rent amortization(3)
2,989 2,017 5,720 4,531 
Amortization of lease assets2,582 2,101 4,972 4,002 
Lease buyout income84 179 1,793 1,918 
Adjustments for collectibility(4)
(1,313)(1,446)(2,464)(2,673)
Total rental income$184,451 $173,467 $370,732 $347,650 
(1)Includes rental income related to lease payments before assessing for collectibility.
(2)Variable payments are primarily related to tenant recovery income.
(3)Includes revenue adjustments to straight-line rent for tenants considered non-creditworthy.
(4)Includes general reserves as well as adjustments for tenants considered non-creditworthy for which we are recording revenue on a cash basis, per Accounting Standards Codification (“ASC”) Topic 842, Leases.
Schedule of Operating Lease Maturity
Approximate future fixed contractual lease payments to be received under non-cancelable operating leases in effect as of June 30, 2026, assuming no new or renegotiated leases or option extensions on lease agreements, and including the impact of rent abatements and tenants who have been moved to the cash basis of accounting for revenue recognition purposes, were as follows (in thousands):
YearAmount
Remaining 2026$266,888 
2027528,101 
2028457,345 
2029374,045 
2030287,070 
Thereafter789,202 
Total$2,702,651