XML 47 R30.htm IDEA: XBRL DOCUMENT v3.25.0.1
Accounts Receivable, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule Of Accounts Receivable
The following table summarizes the carrying amounts of accounts receivable as of December 31, 2024 and 2023 (in thousands):
20242023
Receivable from tenants$5,160 $7,298 
Receivable from non-tenants (1)7,094 824 
Straight-line rent receivable72,335 55,533 
Total$84,589 $63,655 
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Accounts Receivable
The following table summarizes the carrying amounts of accounts receivable as of December 31, 2024 and 2023 (in thousands):
20242023
Receivable from tenants$5,160 $7,298 
Receivable from non-tenants (1)7,094 824 
Straight-line rent receivable72,335 55,533 
Total$84,589 $63,655 

(1) Receivable from non-tenants includes a payment of $5.9 million made to the City of Kansas City, Missouri under protest related to an assessment of tax years ending December 31, 2018 through 2022. The City has denied the Company’s necessary deduction for dividends paid for each of these years resulting in assessment of additional tax, penalties and interest. The Company filed a lawsuit and demanded a refund of the $5.9 million payment during the year ended December 31, 2024. Although there can be no assurances, based on an agreement reached with the City regarding the treatment of future taxes and the Company's position in the lawsuit, the Company believes that it is more likely than not that the payment will be refunded.

As of December 31, 2024, as a result of the COVID-19 pandemic, the Company continues to recognize revenue on a cash basis for AMC and two other tenants, one of which has deferred rent from this period that is not booked as a receivable of approximately $11.5 million. The Company has collected all deferred receivables from accrual basis tenants that were deferred due to the COVID-19 pandemic. During the years ended December 31, 2024 and 2023, the Company collected $0.6 million and $36.4 million, respectively, in deferred rent and interest from cash basis customers and from customers for which the deferred payments were not previously recognized as revenue.