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Lease Agreements | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Lease Agreements | Lease Agreements As of September 30, 2025, we were the lessor to over 2,600 stores in our 34 consolidated centers, under operating leases with initial terms that expire from 2025 to 2039, with certain agreements containing extension options. Also, certain of our lease agreements require tenants to pay their portion of reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes. The components of rental revenues are as follows (in thousands):
| Three months ended |  | Nine months ended
| September 30, |  | September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Rental revenues - fixed | $ | 111,113 |  |  | $ | 98,879 |  |  | $ | 326,786 |  |  | $ | 294,031 |
Rental revenues - variable (1) | 26,112 |  |  | 26,342 |  |  | 73,159 |  |  | 71,318 |
Rental revenues | $ | 137,225 |  |  | $ | 125,221 |  |  | $ | 399,945 |  |  | $ | 365,349 |
(1)Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.

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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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