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v3.22.2.2

Revenue Recognition | 9 Months Ended
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Sep. 30, 2022
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:
Minimum lease payments, by year | As of September 30, 2022
Remaining 2022 | $ | 41,798 |
2023 | 161,723 |
2024 | 148,674 |
2025 | 131,546 |
2026 | 114,498 |
Thereafter | 326,715 |
Total | $ | 924,954 |
The table above includes payments from tenants who have taken possession of their space, including 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-six years. The following table reflects the disaggregation of lease income, net:
| Three months ended September 30 |  | Nine months ended September 30
| 2022 |  | 2021 |  | 2022 |  | 2021
Minimum base rent | $ | 36,535 |  |  | $ | 32,390 |  |  | $ | 108,309 |  |  | $ | 94,997 |
Real estate tax recoveries | 8,137 |  |  | 7,538 |  |  | 23,143 |  |  | 21,813 |
Common area maintenance, insurance, and other recoveries | 7,166 |  |  | 5,937 |  |  | 20,462 |  |  | 17,705 |
Ground rent income | 3,808 |  |  | 3,315 |  |  | 11,178 |  |  | 9,829 |
Above and below-market rent and lease inducement amortization, net | 985 |  |  | 1,019 |  |  | 4,594 |  |  | 3,404 |
Short-term and other lease income | 674 |  |  | 758 |  |  | 2,858 |  |  | 2,479 |
Termination fee income | 35 |  |  | 173 |  |  | 352 |  |  | 368 |
Straight-line rent adjustment, net | 709 |  |  | 1,005 |  |  | 2,079 |  |  | 2,496 |
Reversal of (provision for) uncollectible straight-line rent | 48 |  |  | (372) |  |  | 1,046 |  |  | (594) |
Provision for uncollectible billed rent and recoveries | (260) |  |  | (51) |  |  | (640) |  |  | (1,633) |
Reversal of uncollectible billed rent and recoveries | 22 |  |  | 2,253 |  |  | 1,181 |  |  | 4,005 |
Lease income, net | $ | 57,859 |  |  | $ | 53,965 |  |  | $ | 174,562 |  |  | $ | 154,869 |
Other Fee Income The following table reflects the disaggregation of other fee income:
| Timing of Satisfaction of Performance Obligations |  | Three months ended September 30 |  | Nine months ended September 30
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Property management fees | Over time |  | $ | 304 |  |  | $ | 471 |  |  | $ | 1,018 |  |  | $ | 1,546 |
Asset management fees | Over time |  | 215 |  |  | 292 |  |  | 686 |  |  | 859 |
Leasing commissions and other fees | Point in time |  | 75 |  |  | 100 |  |  | 284 |  |  | 365 |
Other fee income |  |  | $ | 594 |  |  | $ | 863 |  |  | $ | 1,988 |  |  | $ | 2,770 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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