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Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Operating Lease Revenue Recognized The table below sets forth our composition of lease revenue recognized between fixed and variable lease revenue (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease revenue (1)2022202120222021
Fixed$113,700 $108,694 $337,558 $323,452 
Variable 32,781 29,338 92,589 88,324 
$146,481 $138,032 $430,147 $411,776 
(1)Excludes lease revenue from discontinued operations of which: $5.6 million was fixed and $2.1 million was variable for the three months ended September 30, 2021; and $1.5 million and $16.7 million was fixed and $527,000 and $5.6 million was variable for the nine months ended September 30, 2022 and 2021, respectively.
Sales-type Leases Fixed Contractual Payments Due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of September 30, 2022
Year Ending December 31,Operating leasesSales-type leases
2022 (1)$114,168 $240 
2023433,302 960 
2024391,451 960 
2025304,035 960 
2026237,922 960 
Thereafter1,106,292 3,556 
Total contractual payments$2,587,170 7,636 
Less: Amount representing interest(1,835)
Net investment in sales-type leases$5,801 
(1)Represents the three months ending December 31, 2022.
Operating Leases Fixed Contractual Payments Due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of September 30, 2022
Year Ending December 31,Operating leasesSales-type leases
2022 (1)$114,168 $240 
2023433,302 960 
2024391,451 960 
2025304,035 960 
2026237,922 960 
Thereafter1,106,292 3,556 
Total contractual payments$2,587,170 7,636 
Less: Amount representing interest(1,835)
Net investment in sales-type leases$5,801 
(1)Represents the three months ending December 31, 2022.
Right-of-Use Assets and Lease Liabilities Our property right-of-use assets consisted of the following (in thousands):
LeasesBalance Sheet LocationSeptember 30, 2022December 31, 2021
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$37,541 $38,361 
Finance leases - PropertyPrepaid expenses and other assets, net2,214 2,238 
Total right-of-use assets$39,755 $40,599 

Our property lease liabilities reported on our consolidated balance sheets consisted of the following (in thousands):
LeasesBalance Sheet LocationSeptember 30, 2022December 31, 2021
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$29,088 $29,342 
Lease Costs The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease cost2022202120222021
Operating lease cost
Property leases - fixedProperty operating expenses$1,031 $1,013 $3,082 $2,999 
Property leases - variableProperty operating expenses16 11 49 31 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses7 5 23 23 
$1,054 $1,029 $3,154 $3,053 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Nine Months Ended September 30,
Supplemental cash flow information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$2,515 $2,399 
Financing cash flows for financing leases$— $14 
Operating Lease, Liability, Maturity
Payments on property operating leases were due as follows (in thousands):
Year Ending December 31,
September 30, 2022
2022 (1)$839 
20233,399 
20243,451 
20251,797 
20261,578 
Thereafter125,934 
Total lease payments136,998 
Less: Amount representing interest(107,910)
Lease liability$29,088 
(1)Represents the three months ending December 31, 2022.