XML 42 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
9 Months Ended
Sep. 30, 2024
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 2024202320242023
Fixed$129,357 $120,408 $382,918 $354,908 
Variable 41,192 34,860 118,683 104,602 
$170,549 $155,268 $501,601 $459,510 
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,
2024
December 31,
2023
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$40,523 $41,296 
Finance leases - PropertyPrepaid expenses and other assets, net2,510 2,565 
Total right-of-use assets$43,033 $43,861 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$33,615 $33,931 
Finance leases - PropertyOther liabilities397 415 
Total lease liabilities$34,012 $34,346 
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 cost (in thousands):
Statement of Operations LocationFor the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease cost2024202320242023
Operating lease cost
Property leases - fixedProperty operating expenses$1,929 $1,808 $5,687 $5,146 
Property leases - variableProperty operating expenses42 17 219 50 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses19 18 56 57 
Interest on lease liabilitiesInterest expense10 28 33 
$1,999 $1,853 $5,990 $5,286 

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 information20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$5,232 $4,432 
Operating cash flows for financing leases$28 $33 
Financing cash flows for financing leases$18 $14 
Schedule of Payments Due on Property Operating Leases
Payments on property leases were due as follows (in thousands):
September 30, 2024
Year Ending December 31,Operating LeasesFinance Leases
2024 (1)
$1,746 $15 
20252,589 63 
20262,001 65 
20272,016 67 
20282,032 69 
Thereafter153,349 297 
Total lease payments163,733 576 
Less: Amount representing interest(130,118)(179)
Lease liability$33,615 $397 
(1)Represents the three months ending December 31, 2024.
Schedule of Payments Due on Property Finance Leases
Payments on property leases were due as follows (in thousands):
September 30, 2024
Year Ending December 31,Operating LeasesFinance Leases
2024 (1)
$1,746 $15 
20252,589 63 
20262,001 65 
20272,016 67 
20282,032 69 
Thereafter153,349 297 
Total lease payments163,733 576 
Less: Amount representing interest(130,118)(179)
Lease liability$33,615 $397 
(1)Represents the three months ending December 31, 2024.