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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of lease revenue recognized between fixed and variable lease revenue 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)2023202220232022
Fixed$120,408 $113,700 $354,908 $337,558 
Variable 34,860 32,781 104,602 92,589 
$155,268 $146,481 $459,510 $430,147 
(1)Excludes lease revenue from discontinued operations of which $1.5 million was fixed and $527,000 was variable for the nine months ended September 30, 2022.
Schedule of property 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 LocationSeptember 30,
2023
December 31,
2022
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$40,487 $37,020 
Finance leases - PropertyPrepaid expenses and other assets, net2,584 2,207 
Total right-of-use assets$43,071 $39,227 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$32,940 $28,759 
Finance leases - PropertyOther liabilities420 — 
Total lease liabilities$33,360 $28,759 
Schedule of property lease costs and effect of property lease payments on consolidated statements of cash flows The table below presents our total property lease costs (in thousands):
Statement of Operations LocationFor the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease cost2023202220232022
Operating lease cost
Property leases - fixedProperty operating expenses$1,808 $1,031 $5,146 $3,082 
Property leases - variableProperty operating expenses17 16 50 49 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses18 57 23 
Interest on lease liabilitiesInterest expense10 — 33 — 
$1,853 $1,054 $5,286 $3,154 
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 information20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$4,432 $2,515 
Operating cash flows for financing leases$33 $— 
Financing cash flows for financing leases$14 $— 
Schedule of payment due on property leases
Payments on property leases were due as follows (in thousands):
September 30, 2023
Year Ending December 31,Operating LeasesFinance Leases
2023 (1)
$1,624 $15 
20246,633 61 
20252,250 63 
20261,662 65 
20271,677 66 
Thereafter130,495 366 
Total lease payments144,341 636 
Less: Amount representing interest(111,401)(216)
Lease liability$32,940 $420 
(1)Represents the three months ending December 31, 2023.