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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2022
LEASES |
Schedule of components of lease revenues | The components of lease revenues are as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Fixed lease revenues | ​ | $ | 18,405 | ​ | $ | 17,435 | ​ | $ | 36,746 | ​ | $ | 34,900
Variable lease revenues | ​ | ​ | 2,860 | ​ | ​ | 2,662 | ​ | ​ | 5,861 | ​ | ​ | 5,649
Lease revenues (a) | ​ | $ | 21,265 | ​ | $ | 20,097 | ​ | $ | 42,607 | ​ | $ | 40,549
(a) | Excludes amortization related to lease intangible assets and liabilities of $207 and $396 for the three and six months ended June 30, 2022, respectively, and $208 and $440 for the three and six months ended June 30, 2021, respectively.
Schedule of minimum future contractual rents to be received | As of June 30, 2022, 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, (ii) COVID-19 lease deferral repayments accrued to rental income in 2020, (iii) $966,000 of COVID-19 lease deferral repayments due from Regal Cinemas which were not accrued to rental income and (iv) variable lease payments as described above. ​
​ | ​ | ​ | ​
From July 1 – December 31, 2022 | ​ | $ | 35,498
For the year ending December 31, | ​ | ​ | ​
2023 | ​ | ​ | 70,042
2024 | ​ | ​ | 61,917
2025 | ​ | ​ | 57,631
2026 | ​ | ​ | 53,345
2027 | ​ | ​ | 45,033
Thereafter | ​ | ​ | 159,107
Total | ​ | $ | 482,573
Schedule of minimum future lease payments | As of June 30, 2022, the minimum future lease payments related to the operating ground and office leases are as follows (amounts in thousands):
​ | ​ | ​ | ​
From July 1 – December 31, 2022 | ​ | $ | 253
For the year ending December 31, | ​ | ​ | ​
2023 | ​ | ​ | 507
2024 | ​ |  | 557
2025 | ​ |  | 626
2026 | ​ |  | 627
2027 | ​ |  | 629
Thereafter | ​ |  | 5,591
Total undiscounted cash flows | ​ | $ | 8,790
Present value discount | ​ |  | (1,722)
Lease liability | ​ | $ | 7,068

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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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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