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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, 2023December 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,
2023202220232022
Lease payments$33.4 $32.8 $100.6 $96.6 
Variable lease payments15.3 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 
2024126.6 
2025110.5 
202696.8 
202785.1 
202870.9 
Thereafter552.3 
Total future lease payments to be received$1,075.0