XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.23.3

Leases - The Company as a Lessor | 9 Months Ended
--- | ---
Sep. 30, 2023
Leases [Abstract] |
Leases - The Company as a Lessor | Leases - The Company as a Lessor The Company leases real estate property to tenants under operating leases. Such activity is primarily composed of operating leases within its CRE segment. The historical cost of, and accumulated depreciation on, leased property as of September 30, 2023, and December 31, 2022, were as follows (in millions):
|  | September 30, 2023 |  | December 31, 2022
Leased property - real estate |  | $ | 1,597.4 |  |  | $ | 1,572.0 |
Less: accumulated depreciation |  | (222.6) |  |  | (201.8) |
Property under operating leases - net |  | $ | 1,374.8 |  |  | $ | 1,370.2 |
Total rental income (i.e., revenue) under these operating leases during the three and nine months ended September 30, 2023 and 2022, relating to lease payments and variable lease payments were as follows (in millions):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Lease payments |  | $ | 33.4 |  |  | $ | 32.8 |  |  | $ | 100.6 |  |  | $ | 96.6 |
Variable lease payments |  | 15.3 |  |  | 14.2 |  |  | 46.3 |  |  | 44.4 |
Revenues deemed uncollectible, net |  | (0.3) |  |  | (0.2) |  |  | (0.8) |  |  | 0.5 |
Total rental income |  | $ | 48.4 |  |  | $ | 46.8 |  |  | $ | 146.1 |  |  | $ | 141.5 |
Contractual future lease payments to be received on non-cancelable operating leases as of September 30, 2023, were as follows (in millions):
|  | September 30, 2023
2023 |  | $ | 32.8 |
2024 |  | 126.6 |
2025 |  | 110.5 |
2026 |  | 96.8 |
2027 |  | 85.1 |
2028 |  | 70.9 |
Thereafter |  | 552.3 |
Total future lease payments to be received |  | $ | 1,075.0 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-30/tableOfContent + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration