XML 55 R38.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Components of Leasing Revenue

The following table summarizes the components of leasing revenue for the three months ended March 31, 2024 and 2023:

									For the Three Months Ended March 31,
															2024						2023
Leasing revenue—fixed payments															$	144,715					$	140,506
Leasing revenue—variable payments															49,860						57,516
(Provision for) recovery of doubtful accounts															(2,923)						1,023
															$	191,652					$	199,045

Schedule of Minimum Rental Payments

The following table summarizes the future rental payments to the Company:

Twelve months ending March 31,
2025						$	478,983
2026						400,692
2027						325,776
2028						248,924
2029						195,660
Thereafter						804,126
						$	2,454,161

Schedule of Lease Costs

The following table summarizes the lease costs for the three months ended March 31, 2024 and 2023:

									For the Three Months Ended March 31,
															2024						2023
Operating lease costs															$	3,262					$	3,794
Finance lease costs:
Amortization of ROU assets															488						485
Interest on lease liabilities															142						168
															$	3,892					$	4,447

Schedule of Minimum Future Rental Payments Required

The following table summarizes the future rental payments required under the leases:        

						March 31, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	8,606					$	9,478					$	11,442					$	9,478
2025						11,626						1,400						11,626						1,400
2026						11,743						—						11,743						—
2027						11,914						—						11,914						—
2028						8,303						—						8,303						—
Thereafter						74,831						—						74,831						—
Total undiscounted rental payments						127,023						10,878						129,859						10,878
Less imputed interest						(55,300)						(888)						(56,475)						(273)
Total lease liabilities						$	71,723					$	9,990					$	73,384					$	10,605
Weighted average remaining term						24.2 years						0.5 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.1		%				3.6		%				7.1		%				3.6		%

Schedule of Finance Lease, Fiscal Year Maturity

The following table summarizes the future rental payments required under the leases:        

						March 31, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	8,606					$	9,478					$	11,442					$	9,478
2025						11,626						1,400						11,626						1,400
2026						11,743						—						11,743						—
2027						11,914						—						11,914						—
2028						8,303						—						8,303						—
Thereafter						74,831						—						74,831						—
Total undiscounted rental payments						127,023						10,878						129,859						10,878
Less imputed interest						(55,300)						(888)						(56,475)						(273)
Total lease liabilities						$	71,723					$	9,990					$	73,384					$	10,605
Weighted average remaining term						24.2 years						0.5 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.1		%				3.6		%				7.1		%				3.6		%

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-12

+ Details

Name:	us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A

+ Details

Name:	us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration