XML 23 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Revenue Recognition
12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Operating Leases
Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:
For the year ending December 31,As of December 31, 2020
2021$142,003 
2022124,714 
2023110,543 
202495,002 
202577,835 
Thereafter263,438 
Total$813,535 

The table above includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to seventy-eight years.
The following table reflects the disaggregation of lease income, net:
Year Ended December 31,
202020192018
Minimum lease payments$143,073 $157,041 $170,379 
Tax and insurance recoveries28,827 32,347 33,177 
Common area maintenance and other recoveries21,035 23,363 24,817 
Amortization of above and below-market leases and lease inducements, net7,060 6,148 5,347 
Short-term, termination fee and other lease income4,081 3,311 2,840 
Uncollectible straight-line rent(3,214)(145)— 
Uncollectible billed rent and recoveries(7,905)(1,412)— 
Lease income, net$192,957 $220,653 $236,560 

Other Fee Income
Other fee income is derived from services provided to the Company's unconsolidated real estate joint venture and therefore deemed to be related party transactions. The property management, asset management, leasing and other services are provided over the term of the contract which has a remaining original duration through 2023. The Company had receivables of $327 and $460 as of December 31, 2020 and 2019, respectively, which are included in deferred costs and other assets, net on the consolidated balance sheets.
The following table reflects the disaggregation of other fee income:
Timing of Satisfaction of
Performance Obligations
Year Ended December 31,
202020192018
Property management feeOver time$2,093 $2,421 $2,626 
Asset management feeOver time1,098 1,074 1,080 
Leasing commissions and other feesPoint in time456 361 684 
Other fee income$3,647 $3,856 $4,390