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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Leases |
Schedule of components of lease revenues | The components of lease revenues are as follows (amounts in thousands):
|  | Three Months |  | Six Months
|  | Ended |  | Ended
|  | June 30, 2019
Fixed lease revenues |  | $ | 17,435 |  | $ | 35,080
Variable lease revenues |  |  | 3,029 |  |  | 6,285
Lease revenues (a) |  | $ | 20,464 |  | $ | 41,365
| (a) |  | Excludes $255 and $509 of amortization related to lease intangible assets and liabilities for the three and six months ended June 30, 2019, respectively.
Schedule of minimum future contractual rents to be received under ASC 842 | As of June 30, 2019, under ASC 842, the minimum future contractual rents to be received on non-cancellable operating leases are included in the table below (amounts in thousands). The minimum future contractual rents do not include (i) straight-line rent or amortization of intangibles and (ii) variable lease payments as described above.
From July 1 – December 31, 2019 |  | $ | 34,397
For the year ended December 31, |  |  |
2020 |  |  | 69,303
2021 |  |  | 67,852
2022 |  |  | 59,260
2023 |  |  | 50,456
2024 |  |  | 41,992
Thereafter |  |  | 172,261
Total |  | $ | 495,521
Schedule of minimum future contractual rents to be received under ASC 840 | As of December 31, 2018, under ASC 840, the minimum future contractual rents to be received on non-cancellable operating leases were as follows (amounts in thousands):
For the year ended December 31, |  |  |
2019 |  | $ | 66,959
2020 |  |  | 66,691
2021 |  |  | 65,130
2022 |  |  | 56,444
2023 |  |  | 47,644
Thereafter |  |  | 208,923
Total |  | $ | 511,791
Schedule of minimum future lease payments | As of June 30, 2019, under ASC 842, the minimum future lease payments related to this operating ground lease are as follows (amounts in thousands):
From July 1 – December 31, 2019 |  | $ | 224
For the year ended December 31, |  |  |
2020 |  |  | 464
2021 |  |  | 464
2022 |  |  | 464
2023 |  |  | 464
2024 |  |  | 512
Thereafter |  |  | 3,086
Total undiscounted cash flows |  | $ | 5,678
Present value discount |  |  | (1,398)
Lease liability |  | $ | 4,280

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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