XML 36 R25.htm IDEA: XBRL DOCUMENT v3.24.1.u1

LEASES (Tables)

3 Months Ended

Mar. 31, 2024

LEASES

Schedule of components of lease revenues

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

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2024			2023
Fixed lease revenues	​	$	18,272	​	$	19,358
Variable lease revenues	​	​	3,796	​	​	3,370
Lease revenues (a)	​	$	22,068	​	$	22,728

(a) Excludes $378 and $224 of amortization related to lease intangible assets and liabilities for the three months ended March 31, 2024 and 2023, respectively.

Schedule of minimum future contractual rents to be received

As of March 31, 2024, 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 lease intangibles or incentives and (ii) variable lease payments as described above.

​	​	​	​
From April 1 – December 31, 2024	​	$	53,150
For the year ending December 31,	​	​	​
2025	​	​	66,344
2026	​	​	62,269
2027	​	​	52,627
2028	​	​	41,328
2029	​	​	32,078
Thereafter	​	​	94,798
Total	​	$	402,594

Schedule of minimum future lease payments

​

As of March 31, 2024, the minimum future lease payments related to these operating leases are as follows (amounts in thousands):

​

​	​	​	​
From April 1 – December 31, 2024	​	$	430
For the year ending December 31,	​	​	​
2025	​	​	626
2026	​	​	627
2027	​		629
2028	​		630
2029	​		692
Thereafter	​		537
Total undiscounted cash flows	​	$	4,171
Present value discount	​		(893)
Lease liability	​	$	3,278

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-12

+ Details

Name:	us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A

+ Details

Name:	us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration