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Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Disaggregation of Lease Income | The following table provides a disaggregation of lease income recognized under ASC 842 (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023
Rental revenue |  |  |
Fixed lease income (1) | $ | 31,865 |  |  | $ | 24,723 |
Variable lease income (2) | 3,228 |  |  | 3,538 |
Other rental revenue: |  |  |
Above/below market lease amortization, net | 287 |  |  | 412 |
Lease incentives | (191) |  |  | (199) |
Rental revenue (including reimbursable) | $ | 35,189 |  |  | $ | 28,474 |
(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 no material reserves, write-offs, or recoveries of uncollectible amounts during the three months ended March 31, 2024 and March 31, 2023.
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 March 31, 2024 are as follows (in thousands):
| Future Minimum Base Rental Receipts
Remainder of 2024 | $ | 94,421 |
2025 | 125,888 |
2026 | 123,362 |
2027 | 119,701 |
2028 | 112,884 |
Thereafter | 615,487 |
Total | $ | 1,191,743 |

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