Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Future Base Rent Payments Due to the Company - Topic 842

The following tables present future base rent payments on a cash basis due to the Company over the periods indicated. These amounts exclude tenant reimbursements and contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.

As of March 31, 2019:



(In thousands)	Future Base Rent Payments ⁽¹⁾
2019 (remainder)	$	207,860
2020	280,334
2021	281,327
2022	272,251
2023	248,870
2024	204,921
Thereafter	663,302
	$	2,158,865

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⁽¹⁾	Assumes exchange rates of £1.00 to $1.30 for GBP and €1.00 to $1.12 for EUR as of March 31, 2019 for illustrative purposes, as applicable.

Future Base Rent Payments Due to the Company - Topic 840

As of December 31, 2018:



(In thousands)	Future Base Rent Payments ⁽¹⁾
2019	$	275,118
2020	278,651
2021	279,630
2022	270,569
2023	247,237
Thereafter	856,838
Total	$	2,208,043

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⁽¹⁾	Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable.

The following table reflects the base cash rental payments due from the Company as of December 31, 2018:



(In thousands)	Future Base Rent Payments ⁽¹⁾
2019	$	1,371
2020	1,371
2021	1,371
2022	1,371
2023	1,371
Thereafter	40,519
Total minimum lease payments⁽²⁾	47,374
Less: Effects of discounting	(23,370		)
Total present value of lease payments	$	24,004


⁽¹⁾	Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable.


⁽²⁾	Ground lease rental payments due for the Company's ING Amsterdam lease are not included in the table above as the Company's ground for this property is prepaid through 2050.