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Revenue Recognition
12 Months Ended
Dec. 31, 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:
For the year ending December 31,
As of December 31, 2025
2026$225,471 
2027204,441 
2028180,226 
2029150,073 
2030121,865 
Thereafter433,108 
Total$1,315,184 
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:
Year Ended December 31
202520242023
Minimum base rent$191,082 $175,068 $165,267 
Real estate tax recoveries35,053 33,343 31,220 
Common area maintenance, insurance, and other recoveries38,231 33,003 30,731 
Ground rent income21,290 19,321 19,044 
Amortization of market-lease intangibles and inducements, net4,422 2,804 3,343 
Short-term and other lease income4,457 4,567 4,389 
Termination fee income308 1,364 836 
Straight-line rent adjustments, net3,671 3,400 3,349 
Provision for estimated credit losses(1,037)(430)(1,033)
Lease income, net$297,477 $272,440 $257,146