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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule 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, 2024
2025 | $ | 209,875 |
2026 | 195,712 |
2027 | 163,117 |
2028 | 136,608 |
2029 | 106,862 |
Thereafter | 377,780 |
Total | $ | 1,189,954 |
Schedule of Disaggregation of Lease Income, Net | The following table reflects the disaggregation of lease income, net:
| Year Ended December 31
| 2024 |  | 2023 |  | 2022
Minimum base rent | $ | 175,068 |  |  | $ | 165,267 |  |  | $ | 145,467 |
Real estate tax recoveries | 33,343 |  |  | 31,220 |  |  | 30,107 |
Common area maintenance, insurance, and other recoveries | 33,003 |  |  | 30,731 |  |  | 28,072 |
Ground rent income | 19,321 |  |  | 19,044 |  |  | 14,991 |
Amortization of market-lease intangibles and inducements, net | 2,804 |  |  | 3,343 |  |  | 5,589 |
Short-term and other lease income | 4,567 |  |  | 4,389 |  |  | 4,333 |
Lease termination income | 1,364 |  |  | 836 |  |  | 339 |
Straight-line rent adjustments, net | 3,400 |  |  | 3,349 |  |  | 3,815 |
(Provision for) reversal of uncollectable billed rent and recoveries | (430) |  |  | (1,033) |  |  | 267 |
Lease income, net | $ | 272,440 |  |  | $ | 257,146 |  |  | $ | 232,980 |

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- 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 -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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