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v3.22.2.2

LEASES (Tables) | 9 Months Ended
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Sep. 30, 2022
LEASES |
Schedule of components of lease revenues | The components of lease revenues are as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Fixed lease revenues | ​ | $ | 18,339 | ​ | $ | 17,602 | ​ | $ | 55,085 | ​ | $ | 52,502
Variable lease revenues | ​ | ​ | 2,914 | ​ | ​ | 2,581 | ​ | ​ | 8,774 | ​ | ​ | 8,230
Lease revenues (a) | ​ | $ | 21,253 | ​ | $ | 20,183 | ​ | $ | 63,859 | ​ | $ | 60,732
(a) | Excludes amortization related to lease intangible assets and liabilities of $220 and $617 for the three and nine months ended September 30, 2022, respectively, and $166 and $606 for the three and nine months ended September 30, 2021, respectively.
Schedule of minimum future contractual rents to be received | As of September 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 include $23,399,000 of rent related to Regal Cinemas and does not include (i) straight-line rent or amortization of intangibles, (ii) COVID-19 lease deferral repayments accrued to rental income in 2020, (iii) $805,000 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 October 1 – December 31, 2022 | ​ | $ | 17,731
For the year ending December 31, | ​ | ​ | ​
2023 | ​ | ​ | 70,266
2024 | ​ | ​ | 62,228
2025 | ​ | ​ | 57,942
2026 | ​ | ​ | 53,644
2027 | ​ | ​ | 45,287
Thereafter | ​ | ​ | 160,427
Total | ​ | $ | 467,525
Schedule of minimum future lease payments | As of September 30, 2022, the minimum future lease payments related to the operating ground and office leases are as follows (amounts in thousands):
​ | ​ | ​ | ​
From October 1 – December 31, 2022 | ​ | $ | 126
For the year ending December 31, | ​ | ​ | ​
2023 | ​ | ​ | 507
2024 | ​ |  | 557
2025 | ​ |  | 626
2026 | ​ |  | 627
2027 | ​ |  | 629
Thereafter | ​ |  | 5,591
Total undiscounted cash flows | ​ | $ | 8,663
Present value discount | ​ |  | (1,667)
Lease liability | ​ | $ | 6,996

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