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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule Of Lease Payments on Non-Cancellable Leases

Lease payments on non-cancellable leases at March 31, 2019 are as follows (in thousands):

Year

 

Lease payments

 

2019 (nine months remaining)

 

$

292,215

 

2020

 

 

377,088

 

2021

 

 

354,913

 

2022

 

 

309,125

 

2023

 

 

281,437

 

Thereafter

 

 

1,270,928

 

Total

 

$

2,885,706

 

 

Lease payments on non-cancellable leases at December 31, 2018 are as follows (in thousands):

 

Year

 

Lease payments

 

2019

 

$

392,058

 

2020

 

 

372,619

 

2021

 

 

349,160

 

2022

 

 

304,445

 

2023

 

 

277,388

 

Thereafter

 

 

1,265,810

 

Total

 

$

2,961,480

 

Schedule Of Allocation Of Lease Revenue Recognized Between Fixed Contractual Payments And Variable Lease Payments

 

The table below sets forth the allocation of lease revenue recognized between fixed contractual payments and variable lease payments (in thousands):

 

 

Three Months Ended March 31,

 

Lease Revenue

 

2019

 

Fixed lease payments

 

$

108,033

 

Variable lease payments

 

 

30,064

 

Total

 

$

138,097

 

 

Summary of Operating Lease Cost Recognized Through Property Operating Expenses

The table below summarizes the Company’s operating lease cost (in thousands) recognized through the “Property operating expenses” caption on the consolidated statement of operations:  

 

 

Three Months Ended March 31,

 

Lease Cost

 

2019

 

Fixed lease cost

 

$

525

 

Variable lease cost

 

 

14

 

Total

 

$

539

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

53.2

 

Weighted-average discount rate

 

 

6.3

%