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Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Disaggregation of Lease Income
The following table provides a disaggregation of lease income recognized under ASC 842 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Rental revenue
Fixed lease income (1)
$26,808 $19,653 $51,531 $37,721 
Variable lease income (2)
2,715 2,229 6,252 4,918 
Other rental revenue:
Above/below market lease amortization, net377 294 789 577 
Lease incentives(193)(128)(392)(246)
Rental revenue (including reimbursable)$29,707 $22,048 $58,180 $42,970 
(1)    Fixed lease income includes contractual rents under lease agreements with tenants recognized on a straight-line basis over the lease term.
(2) Variable lease income primarily includes tenant reimbursements for real estate taxes, insurance, common area maintenance, and lease termination fees, and the write-off of uncollectible amounts. There were immaterial write-offs of uncollectible amounts during the three and six months ended June 30, 2023 and 2022.
Schedule of Future Minimum Base Rental Receipts
Scheduled future minimum base rental payments (excluding base rental payments from properties classified as held for sale and straight line rent adjustments for all properties) due to be received under the remaining non-cancelable term of the operating leases in place as of June 30, 2023 are as follows (in thousands):

Future Minimum Base
Rental Receipts
Remainder of 2023$53,208 
2024108,320 
2025108,298 
2026105,548 
2027101,245 
Thereafter557,639 
Total$1,034,258 
Lease Expense Components
The following table presents the lease expense components for the three and six months ended June 30, 2023 and 2022 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Operating lease cost$135 $135 $271 $270 
Variable lease cost$68 $7 $135 $10 
Schedule of Future Minimum Base Rental Payments
The following table reflects the maturity analysis of payments due from the Company over the next five years and thereafter for the corporate office lease obligation as of June 30, 2023 (in thousands):

Future Minimum Lease Payments
Remainder of 2023$285 
2024617 
2025636 
2026653 
2027670 
Thereafter3,311 
Total lease payments6,172 
Less: amount representing interest (1)
(868)
Present value of operating lease liabilities$5,304 

(1) Imputed interest was calculated using a discount rate of 3.25%. The discount rate is based on the estimated incremental borrowing rate, calculated as the treasury rate for the same period as the underlying lease term, plus a spread determined using factors including REIT industry performance.