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Lease Income | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Lease Income | Lease Income The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type leases. The minimum rental amounts due under the leases are generally subject to scheduled fixed increases or adjustments. The leases generally also require that the tenants reimburse us for increases in certain operating costs and real estate taxes above their base year costs. The components of lease income from operating leases in our consolidated statements of operations during the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Fixed lease payments |  | $ | 149,038 |  |  | $ | 136,427 |  |  | $ | 295,166 |  |  | $ | 264,680 |
Variable lease payments |  | 17,703 |  |  | 15,069 |  |  | 36,203 |  |  | 28,370 |
Total lease payments (1) |  | $ | 166,741 |  |  | $ | 151,496 |  |  | $ | 331,369 |  |  | $ | 293,050 |
Amortization of acquired above and below-market leases |  | (1,504) |  |  | (864) |  |  | (3,113) |  |  | (914) |
Total rental revenue |  | $ | 165,237 |  |  | $ | 150,632 |  |  | $ | 328,256 |  |  | $ | 292,136 |
(1)Amounts include $45.0 million and $91.0 million of sublease income during the three and six months ended June 30, 2025, respectively, and $45.9 million and $94.3 million of sublease income during the three and six months ended June 30, 2024 respectively. The components of lease income from sales-type leases during the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest income (1) |  | $ | 1,138 |  |  | $ | 1,123 |  |  | $ | 2,272 |  |  | $ | 2,243 |
(1)These amounts are included in Interest expense, net of interest income in our consolidated statements of operations.
Lease Income | Lease Income The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type leases. The minimum rental amounts due under the leases are generally subject to scheduled fixed increases or adjustments. The leases generally also require that the tenants reimburse us for increases in certain operating costs and real estate taxes above their base year costs. The components of lease income from operating leases in our consolidated statements of operations during the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Fixed lease payments |  | $ | 149,038 |  |  | $ | 136,427 |  |  | $ | 295,166 |  |  | $ | 264,680 |
Variable lease payments |  | 17,703 |  |  | 15,069 |  |  | 36,203 |  |  | 28,370 |
Total lease payments (1) |  | $ | 166,741 |  |  | $ | 151,496 |  |  | $ | 331,369 |  |  | $ | 293,050 |
Amortization of acquired above and below-market leases |  | (1,504) |  |  | (864) |  |  | (3,113) |  |  | (914) |
Total rental revenue |  | $ | 165,237 |  |  | $ | 150,632 |  |  | $ | 328,256 |  |  | $ | 292,136 |
(1)Amounts include $45.0 million and $91.0 million of sublease income during the three and six months ended June 30, 2025, respectively, and $45.9 million and $94.3 million of sublease income during the three and six months ended June 30, 2024 respectively. The components of lease income from sales-type leases during the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest income (1) |  | $ | 1,138 |  |  | $ | 1,123 |  |  | $ | 2,272 |  |  | $ | 2,243 |
(1)These amounts are included in Interest expense, net of interest income in our consolidated statements of operations.

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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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