XML 44 R30.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31,
Lease revenue 20252024
Fixed$131,691 $126,198 
Variable 43,617 39,235 
$175,308 $165,433 
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 LocationMarch 31,
2025		December 31,
2024
Right-of-use assets
Operating leases - PropertyProperty - operating lease right-of-use assets$54,374 $55,760 
Finance leases - PropertyPrepaid expenses and other assets, net2,473 2,491 
Total right-of-use assets$56,847 $58,251 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$48,216 $49,240 
Finance leases - PropertyOther liabilities384 391 
Total lease liabilities$48,600 $49,631 
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 March 31,
Lease cost20252024
Operating lease cost
Property leases - fixedProperty operating expenses$2,266 $1,859 
Property leases - variableProperty operating expenses27 34 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses19 19 
Interest on lease liabilitiesInterest expense9 9 
$2,321 $1,921 
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 information20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,903 $1,724 
Operating cash flows for finance leases$9 $9 
Financing cash flows for finance leases$7 $6 
Schedule of Payments Due on Property Operating Leases
Payments on property leases were due as follows (in thousands):
March 31, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$6,011 $47 
20268,192 65 
20278,392 67 
20282,812 69 
20292,068 71 
Thereafter152,110 226 
Total lease payments179,585 545 
Less: Amount representing interest(131,369)(161)
Lease liability$48,216 $384 
(1)Represents the nine months ending December 31, 2025.
Schedule of Payments Due on Property Finance Leases
Payments on property leases were due as follows (in thousands):
March 31, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$6,011 $47 
20268,192 65 
20278,392 67 
20282,812 69 
20292,068 71 
Thereafter152,110 226 
Total lease payments179,585 545 
Less: Amount representing interest(131,369)(161)
Lease liability$48,216 $384 
(1)Represents the nine months ending December 31, 2025.