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Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Schedule of components of lease revenues

The components of lease revenues are as follows (amounts in thousands):

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​		March 31,
​	​	2020		​	2019
Fixed lease revenues	​	$	18,067		$	17,645
Variable lease revenues	​	​	2,982	​	​	3,256
Lease revenues (a)	​	$	21,049	​	$	20,901

(a) Excludes $190 and $254 of amortization related to lease intangible assets and liabilities for the three months ended March 31, 2020 and 2019, respectively.

​

Schedule of minimum future contractual rents to be received

As of March 31, 2020, the minimum future contractual base rents to be received on non-cancellable operating leases are included in the table below (amounts in thousands). The minimum future contractual base rents do not include (i) straight-line rent or amortization of intangibles and (ii) variable lease revenues as described above.

​	​	​	​
From April 1 – December 31, 2020	​	$	54,108
For the year ended December 31,	​	​	​
2021	​	​	71,807
2022	​	​	63,372
2023	​	​	54,623
2024	​	​	46,012
2025	​	​	40,375
Thereafter	​	​	150,852
Total	​	$	481,149

Schedule of minimum future lease payments

As of March 31, 2020, the minimum future lease payments related to the operating ground and office leases are as follows (amounts in thousands):

​	​	​	​
From April 1 – December 31, 2020	​	$	382
For the year ended December 31,	​	​	​
2021	​	​	511
2022	​	​	506
2023	​	​	507
2024	​	​	557
2025	​	​	626
Thereafter	​	​	3,115
Total undiscounted cash flows	​	$	6,204
Present value discount	​	​	(1,473)
Lease liability	​	$	4,731

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- References

No definition available.

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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

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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=119202524&loc=SL77919396-209981

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 6A
-URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306

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