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Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Components of Rental Revenue

The components of rental revenue for the three and six months ended June 30, 2024 and 2023 are as follows (amounts in thousands):

						Three Months Ended												Six Months Ended
Rental revenue						June 30, 2024						June 30, 2023						June 30, 2024						June 30, 2023
Fixed payments						136,235						138,318						272,588						262,882
Variable payments						16,235						16,285						33,764						31,812
Total rental revenue						$	152,470					$	154,603					$	306,352					$	294,694

Schedule of Future Contractual Minimum Lease Payments on Non-Cancellable Operating Leases to be Received

As of June 30, 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 2054 (amounts in thousands):

Remainder of 2024			$	243,042
2025			497,504
2026			460,783
2027			440,768
2028			402,365
Thereafter			1,910,486
			$	3,954,948

Schedule of Future Minimum Lease Payments

As of June 30, 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			$	760
2025			1,518

2026			1,503
2027			1,482
2028			1,482
Thereafter			60,795
Total undiscounted cash flows			67,540
Present value discount			(39,222)
Ground lease liabilities			$	28,318

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- References

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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

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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

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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

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