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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Components of Rental Revenue

The components of rental revenue consisted of the following:

						Three Months Ended												Nine Months Ended
(amounts in thousands)						September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
Fixed payments						132,266						132,862						404,854						395,744
Variable payments						20,851						18,596						54,615						50,408
Total rental revenue						$	153,117					$	151,458					$	459,469					$	446,152

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

As of September 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			$	122,543
2025			507,696
2026			476,684
2027			458,727
2028			420,367
Thereafter			2,050,947
			$	4,036,964

Schedule of Future Minimum Lease Payments

As of September 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			$	380
2025			1,518
2026			1,503
2027			1,482
2028			1,482
Thereafter			60,795
Total undiscounted cash flows			67,160
Present value discount			(38,903)
Ground lease liabilities			$	28,257

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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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