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Revenues | 12 Months Ended
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Dec. 31, 2019
Revenues [Abstract] |
Revenues |
1 5. | Revenues
Our revenues consist of rental revenues and revenues from contracts with customers. The following table sets forth the details of our revenues.
| For the Year Ended December 31, |  |
(Amounts in thousands) | 2019 |  |  | 2018 |  |  | 2017 |  |
Rental revenue | $ | 734,477 |  | (1) | $ | 727,295 |  |  | $ | 683,490 |  |
Fee and other income: |  |  |  |  |  |  |  |  |  |  |  |
Fee income: |  |  |  |  |  |  |  |  |  |  |  |
Property management |  | 6,852 |  |  |  | 6,163 |  |  |  | 6,336 |  |
Asset management |  | 10,442 |  |  |  | 7,912 |  |  |  | 8,581 |  |
Acquisition, disposition and leasing |  | 3,435 |  |  |  | 3,160 |  |  |  | 7,770 |  |
Other |  | 2,015 |  |  |  | 1,394 |  |  |  | 1,525 |  |
Total fee income |  | 22,744 |  |  |  | 18,629 |  |  |  | 24,212 |  |
Other income (2) |  | 11,959 |  |  |  | 13,037 |  |  |  | 11,265 |  |
Total fee and other income |  | 34,703 |  |  |  | 31,666 |  |  |  | 35,477 |  |
Total revenues | $ | 769,180 |  |  | $ | 758,961 |  |  | $ | 718,967 |  |
| (1) | Includes $70,404 for the year ended December 31, 2019 of variable rental revenue, primarily related to tenant reimbursements. |
| (2) | Primarily comprised of (i) tenant requested services, including overtime heating and cooling and (ii) parking income. |
Rental Revenue The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2019, for each of the five succeeding years commencing January 1, 2020.
(Amounts in thousands) |  |  |  |
2020 |  | $ | 621,503 |
2021 |  |  | 621,299 |
2022 |  |  | 597,394 |
2023 |  |  | 570,770 |
2024 |  |  | 539,443 |
Thereafter |  |  | 2,776,987 |
Total |  | $ | 5,727,396 |
Revenue from Contracts with Customers The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Acquisition, |  |  |  |  |
|  |  |  |  |  | Property |  |  | Asset |  |  | Disposition |  |  |  |  |
(Amounts in thousands) | Total |  |  | Management |  |  | Management |  |  | and Leasing |  |  | Other |
Accounts and other receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 |  | $ | 2,075 |  |  | $ | 567 |  |  | $ | 954 |  |  | $ | 490 |  |  | $ | 64 |
Balance as of December 31, 2019 |  |  | 2,413 |  |  |  | 752 |  |  |  | 1,653 |  |  |  | - |  |  |  | 8 |
Increase (decrease) |  | $ | 338 |  |  | $ | 185 |  |  | $ | 699 |  |  | $ | (490 | ) |  | $ | (56 | )
As of December 31, 2019 and 2018, our consolidated balance sheets included $100,000 and $400,000, respectively, of deferred revenue in connection with prepayments for services we have not yet provided. These amounts are included as a component of “accounts payable and accrued expenses” on our consolidated balance sheets and will be recognized as income upon completion of the required services. There are no other contract assets or liabilities as of December 31, 2019 and 2018.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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- References No definition available. + Details
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