XML 44 R35.htm IDEA: XBRL DOCUMENT v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Components of Leasing Revenue
The following table summarizes the components of leasing revenue for the three and six months ended June 30, 2022 and 2021:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2022202120222021
Leasing revenue—fixed payments$135,048 $131,512 $270,257 $263,007 
Leasing revenue—variable payments52,099 56,360 120,869 107,608 
Recovery of doubtful accounts, net1,443 9,115 876 5,907 
$188,590 $196,987 $392,002 $376,522 
Schedule of Minimum Rental Payments
The following table summarizes the future rental payments to the Company:
Twelve months ending June 30, 
2023$369,308 
2024320,103 
2025260,120 
2026207,837 
2027159,357 
Thereafter461,006 
$1,777,731 
Schedule of Lease Costs
The following table summarizes the lease costs for the three and six months ended June 30, 2022 and 2021:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2022202120222021
Operating lease costs$3,775 $3,814 $7,550 $7,629 
Finance lease costs:
   Amortization of ROU assets482 478 963 956 
   Interest on lease liabilities108 124 302 343 
$4,365 $4,416 $8,815 $8,928 
Schedule of Minimum Future Rental Payments Required The following table summarizes the future rental payments required under the leases:
June 30, 2022December 31, 2021
Year ending December 31,Operating
Leases
Finance LeasesOperating LeasesFinance Leases
2022$7,736 $4,461 $14,302 $4,461 
202311,876 2,043 8,452 2,043 
202411,054 9,072 6,471 9,072 
202511,231 — 6,513 — 
202611,343 — 6,470 — 
Thereafter120,534 — 109,358 — 
Total undiscounted rental payments173,774 15,576 151,566 15,576 
Less imputed interest(88,729)(2,195)(85,383)(1,048)
Total lease liabilities$85,045 $13,381 $66,183 $14,528 
Weighted average remaining term32.2 years1.7 years36.3 years2.1 years
Weighted average incremental borrowing rate7.4 %3.7 %7.8 %3.7 %