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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
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 March 31,
Lease revenue (1)20232022
Fixed$116,039 $111,167 
Variable 34,521 30,222 
$150,560 $141,389 
(1)Excludes lease revenue from discontinued operations of which $1.5 million was fixed and $527,000 was variable for the three months ended March 31, 2022.
Sales-type leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of March 31, 2023
Year Ending December 31,Operating leasesSales-type leases
2023 (1)$329,700 $720 
2024415,499 960 
2025332,260 960 
2026263,741 960 
2027228,712 960 
Thereafter1,023,570 2,596 
Total contractual payments$2,593,482 7,156 
Less: Amount representing interest(1,628)
Net investment in sales-type leases (2)$5,528 
(1)Represents the nine months ending December 31, 2023.
(2)Included in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheet.
Operating leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of March 31, 2023
Year Ending December 31,Operating leasesSales-type leases
2023 (1)$329,700 $720 
2024415,499 960 
2025332,260 960 
2026263,741 960 
2027228,712 960 
Thereafter1,023,570 2,596 
Total contractual payments$2,593,482 7,156 
Less: Amount representing interest(1,628)
Net investment in sales-type leases (2)$5,528 
(1)Represents the nine months ending December 31, 2023.
(2)Included in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheet.
Right-of-use assets and lease liabilities Our property right-of-use assets and property lease liabilities on our consolidated balance sheets consisted of the following (in thousands):
LeasesBalance Sheet LocationMarch 31,
2023		December 31, 2022
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$42,808 $37,020 
Finance leases - PropertyPrepaid expenses and other assets, net2,621 2,207 
Total right-of-use assets$45,429 $39,227 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$34,896 $28,759 
Finance leases - PropertyOther liabilities431 — 
Total lease liabilities$35,327 $28,759 
Lease costs The table below presents our total property lease costs (in thousands):
Statement of Operations LocationFor the Three Months Ended March 31,
Lease cost20232022
Operating lease cost
Property leases - fixedProperty operating expenses$1,535 $1,019 
Property leases - variableProperty operating expenses17 16 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses20 8 
Interest on lease liabilitiesInterest expense13 — 
$1,585 $1,043 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Three Months Ended March 31,
Supplemental cash flow information20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,185 $837 
Operating cash flows for financing leases$13 $— 
Financing cash flows for financing leases$4 $— 
Operating lease, liability, maturity
Payments on property leases were due as follows (in thousands):
March 31, 2023
Year Ending December 31,Operating LeasesFinance
Leases
2023 (1)$4,863 $45 
20246,623 61 
20252,249 63 
20261,662 65 
20271,677 67 
Thereafter130,495 365 
Total lease payments147,569 666 
Less: Amount representing interest(112,673)(235)
Lease liability$34,896 $431 
(1)Represents the nine months ending December 31, 2023.