Rental Income

6 Months Ended

Jun. 30, 2019

The Operating Partnership is the lessor and the sublessor to tenants under operating leases with expiration dates ranging from July 1, 2019 to 2064. The minimum rental amounts due under the leases are generally either subject to scheduled fixed increases or adjustments. The leases generally also require that the tenants reimburse us for increases in certain operating costs and real estate taxes above their base year costs. Approximate future minimum rents to be received over the next five years and thereafter for non-cancelable operating leases in effect at June 30, 2019 for the consolidated properties, including consolidated joint venture properties, and our share of unconsolidated joint venture properties, are as follows (in thousands):



	Consolidated Properties		Unconsolidated Properties
Remaining 2019	$	429,598	$	173,809
2020	806,444		373,884
2021	664,107		381,155
2022	602,660		364,189
2023	537,219		337,150
2024	495,359		309,479
Thereafter	3,095,390		1,840,974
	$	6,630,777	$	3,780,640

As of December 31, 2018, under ASC 840, approximate future minimum rents to be received over the next five years and thereafter for non-cancelable operating leases for the consolidated properties, including consolidated joint venture properties, and our share of unconsolidated joint venture properties are as follows (in thousands):



	Consolidated Properties		Unconsolidated Properties
2019	$	830,336	$	348,060
2020	765,610		375,228
2021	625,956		380,886
2022	562,250		348,222
2023	500,499		333,501
Thereafter	3,272,014		2,098,995
	$	6,556,665	$	3,884,892

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



	Three Months Ended June 30, 2019		Three Months Ended June 30, 2018		Six Months Ended June 30, 2019		Six Months Ended June 30, 2018
Fixed lease payments	$	215,295	$	209,565	$	426,725	$	422,572
Variable lease payments	28,479		27,052		55,958		53,451
Total lease payments	$	243,774	$	236,617	$	482,683	$	476,023
Amortization of acquired above and below-market leases	1,185		1,804		2,394		4,166
Total rental revenue	$	244,959	$	238,421	$	485,077	$	480,189