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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

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 September 30, 2019:

(In thousands)		Future  Base Rent Payments (1)
2019 (remainder)		$	71,010
2020		285,409
2021		286,619
2022		277,834
2023		255,818
2024		213,361
Thereafter		788,523
		$	2,178,574

___________________________________________

⁽¹⁾ 

Assumes exchange rates of £1.00 to $1.23 for British Pounds Sterling (“GBP”) and €1.00 to $1.09 for EUR as of September 30, 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

___________________________________________

⁽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.

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919396-209981

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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