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Revenue Recognition
6 Months Ended
Jun. 30, 2025
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:
As of June 30, 2025
Remaining 2025$101,877 
2026195,464 
2027169,546 
2028145,198 
2029117,060 
Thereafter422,022 
Total$1,151,167 
The foregoing table 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 fifty-five years.
The following table reflects the disaggregation of lease income, net:
Three months ended June 30Six months ended June 30
2025202420252024
Minimum base rent$47,158 $43,189 $94,224 $85,636 
Real estate tax recoveries9,394 8,294 17,993 16,399 
Common area maintenance, insurance, and other recoveries9,110 8,041 18,509 15,895 
Ground rent income5,002 4,749 10,078 9,486 
Amortization of market-lease intangibles and inducements, net1,089 657 1,984 1,233 
Short-term and other lease income808 673 2,225 1,934 
Termination fee income48 749 58 1,310 
Straight-line rent adjustments, net844 981 1,738 1,887 
Provision for uncollectible rent and recoveries, net(323)(277)(290)(231)
Lease income, net$73,130 $67,056 $146,519 $133,549