XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Summary of Minimum Lease Payments to be Received | 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, 2021
2022 | $ | 151,695 |
2023 | 139,212 |
2024 | 123,513 |
2025 | 106,443 |
2026 | 91,175 |
Thereafter | 257,841 |
Total | $ | 869,879 |
Disaggregation of Lease Income, Net | The following table reflects the disaggregation of lease income, net:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Minimum base rent | $ | 128,716 |  |  | $ | 127,630 |  |  | $ | 139,827 |
Real estate tax recoveries | 27,874 |  |  | 27,898 |  |  | 31,484 |
Common area maintenance, insurance, and other recoveries | 23,948 |  |  | 21,842 |  |  | 24,187 |
Ground rent income | 13,167 |  |  | 12,976 |  |  | 13,789 |
Above and below-market rent and lease inducement amortization, net | 4,318 |  |  | 7,060 |  |  | 6,148 |
Short-term and other lease income | 3,378 |  |  | 2,825 |  |  | 2,094 |
Termination fee income | 406 |  |  | 1,255 |  |  | 1,217 |
Straight-line rent adjustment, net | 3,272 |  |  | 2,590 |  |  | 3,464 |
Provision for uncollectible straight-line rent | (468) |  |  | (3,214) |  |  | (145) |
Provision for uncollectible billed rent and recoveries | (2,264) |  |  | (9,212) |  |  | (1,722) |
Reversal of uncollectible billed rent and recoveries | 5,003 |  |  | 1,307 |  |  | 310 |
Lease income, net | $ | 207,350 |  |  | $ | 192,957 |  |  | $ | 220,653 |
Disaggregation of Other Fee Income | The following table reflects the disaggregation of other fee income:
| Timing of Satisfaction of Performance Obligations |  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Property management fee | Over time |  | $ | 1,952 |  |  | $ | 2,093 |  |  | $ | 2,421 |
Asset management fee | Over time |  | 1,128 |  |  | 1,098 |  |  | 1,074 |
Leasing commissions and other fees | Point in time |  | 462 |  |  | 456 |  |  | 361 |
Other fee income |  |  | $ | 3,542 |  |  | $ | 3,647 |  |  | $ | 3,856 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration