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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Future Minimum Rent to Lessor from Operating Leases
Future rent to be received from the Company's investments in real estate assets under the terms of non-cancellable operating leases in effect as of September 30, 2022, for the three months ending December 31, 2022, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
YearAmount
Three months ending December 31, 2022$42,292 
2023172,586 
2024173,961 
2025170,002 
2026163,163 
Thereafter1,096,932 
Total$1,818,936 
Schedule of Future Minimum Rent from Lessee for Operating Leases
The future rent payments, discounted by the Company's IBRs, under non-cancellable leases in effect as of September 30, 2022, for the three months ending December 31, 2022, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
YearOperatingFinance
Three months ending December 31, 2022$622 $34 
20232,539 136 
20242,606 141 
20252,625 143 
20262,572 143 
Thereafter103,696 6,441 
Total undiscounted rental payments114,660 7,038 
Less imputed interest(75,671)(4,387)
Total lease liabilities$38,989 $2,651 
Schedule of Future Minimum Rent from Lessee for Finance Lease
The future rent payments, discounted by the Company's IBRs, under non-cancellable leases in effect as of September 30, 2022, for the three months ending December 31, 2022, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
YearOperatingFinance
Three months ending December 31, 2022$622 $34 
20232,539 136 
20242,606 141 
20252,625 143 
20262,572 143 
Thereafter103,696 6,441 
Total undiscounted rental payments114,660 7,038 
Less imputed interest(75,671)(4,387)
Total lease liabilities$38,989 $2,651 
Schedule of Lease Cost
The following table provides details of the Company's total lease costs for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
Location in Condensed Consolidated Statements of Comprehensive Income2022202120222021
Operating lease costs:
Ground lease costsRental expenses$575 $422 $1,442 $1,266 
Ground lease costs (1)
Income from discontinued operations— 25 — 414 
Corporate operating lease costsGeneral and administrative expenses182 297 559 825 
Finance lease costs:
Amortization of right-of-use assetDepreciation and amortization$$$15 $14 
Interest on lease liabilityInterest and other expense, net35 35 105 102 
(1)Amount relates to lease costs attributable to operating ground leases related to data center properties disposed of in the Data Center Sale on July 22, 2021.