v3.25.4

Property Rental Revenue

12 Months Ended

Dec. 31, 2025

Property Rental Revenue

Property Rental Revenue

14.          Property Rental Revenue

The following table summarizes property rental revenue from our non-cancellable leases:

​

​	​	​	​	​	​	​	​	​
​	Year Ended December 31,
​	2025		​ ​ ​	2024		​	2023
​	(In thousands)
Fixed	$	385,931	​	$	422,784	​	$	436,933
Variable	​	30,870	​	​	34,166	​	​	46,226
Property rental revenue	$	416,801	​	$	456,950	​	$	483,159

​

As of December 31, 2025, the amounts that are contractually due from lease payments under our operating leases on an annual basis for the next five years and thereafter are as follows:

​

​	​	​	​
Year ending December 31,	​ ​ ​	Amount
​	​	(In thousands)
2026	​	$	288,788
2027	​		192,500
2028	​		166,871
2029	​		147,564
2030	​		136,744
Thereafter	​	​	1,653,796
​	​	$	2,586,263

​

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

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