v3.24.3
Investment in Rental Property and Lease Arrangements - Summary of Amounts Reported as Lease Revenues Net on the Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Leases [Abstract]        
Contractual rental amounts billed for operating leases $ 96,596 $ 96,333 $ 289,881 $ 290,891
Adjustment to recognize contractual operating lease billings on a straight-line basis 5,438 6,891 15,720 21,641
Net write-offs of accrued rental income 0 0 (2,556) (105)
Variable rental amounts earned 644 513 1,901 1,306
Earned income from direct financing leases 691 687 2,063 2,067
Interest income from sales-type leases 14 14 43 43
Operating expenses billed to tenants 5,537 5,181 15,292 14,850
Other income from real estate transactions [1] 907 19 985 7,414
Adjustment to revenue recognized for uncollectible rental amounts billed, net (1,430) (95) (3,659) (220)
Total Lease revenues, net $ 108,397 $ 109,543 $ 319,670 $ 337,887
[1] The nine months ended September 30, 2023, includes $7.5 million of lease termination fee income recognized in connection with the simultaneous lease termination and sale of an underlying office property for an additional $32.0 million in proceeds.