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Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases

Schedule of components of lease revenues

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

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​

​

​

​

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​

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​

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​

​

​

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Three Months Ended

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Nine Months Ended

​

​

September 30,

​

September 30,

​

2020

2019

2020

2019

Fixed lease revenues

​

$

17,953

​

$

17,361

​

$

53,935

​

$

52,441

Variable lease revenues

​

​

2,935

​

​

2,853

​

​

8,680

​

​

9,138

Lease revenues (a)

​

$

20,888

​

$

20,214

​

$

62,615

​

$

61,579

(a) Excludes $183, $200, $556 and $709 of amortization related to lease intangible assets and liabilities for the three and nine months ended September 30, 2020 and 2019, respectively.

Schedule of minimum future contractual rents to be received

As of September 30, 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.

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​	​	​	​
From October 1 – December 31, 2020	​	$	18,076
For the year ended December 31,	​	​	​
2021	​	​	73,743
2022	​	​	62,824
2023	​	​	53,894
2024	​	​	45,251
2025	​	​	40,901
Thereafter	​	​	165,218
Total	​	$	459,907

Schedule of minimum future lease payments

As of September 30, 2020, the minimum future lease payments related to the operating ground and office leases are as follows (amounts in thousands):

​

​	​	​	​
From October 1 – December 31, 2020	​	$	127
For the year ended December 31,	​	​	​
2021	​	​	606
2022	​		554
2023	​		507
2024	​		557
2025	​		626
Thereafter	​		6,847
Total undiscounted cash flows	​	$	9,824
Present value discount	​		(2,317)
Lease liability	​	$	7,507

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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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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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