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Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Schedule of Components of Rental Revenue | The components of rental revenue for the three months ended March 31, 2024 and 2023 are as follows (amounts in thousands):
|  |  |  | Three Months Ended
Rental revenue |  |  |  |  |  | March 31, 2024 |  | March 31, 2023
Fixed payments |  |  |  |  |  | $ | 136,353 |  |  | $ | 124,564 |
Variable payments |  |  |  |  |  | 17,529 |  |  | 15,527 |
Total rental revenue |  |  |  |  |  | $ | 153,882 |  |  | $ | 140,091 |
Schedule of Future Contractual Minimum Lease Payments on Non-Cancellable Operating Leases to be Received | As of March 31, 2024, we were entitled to the following future contractual minimum lease payments (excluding operating expense reimbursements) on non-cancellable operating leases to be received which expire on various dates through 2040 (amounts in thousands):
Remainder of 2024 | $ | 387,079 |
2025 | 520,046 |
2026 | 473,910 |
2027 | 452,849 |
2028 | 413,440 |
Thereafter | 1,893,377 |
| $ | 4,140,701 |
Schedule of Future Minimum Lease Payments | As of March 31, 2024, the following table summarizes our future minimum lease payments discounted by our incremental borrowing rates to calculate the lease liabilities of our leases (amounts in thousands):
Remainder of 2024 | $ | 1,139 |
2025 | 1,518 |
2026 | 1,503 |
2027 | 1,482 |
2028 | 1,482 |
Thereafter | 60,794 |
Total undiscounted cash flows | 67,918 |
Present value discount | (39,540) |
Ground lease liabilities | $ | 28,378 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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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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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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