Rental Income

9 Months Ended

Sep. 30, 2019

The Operating Partnership is the lessor and the sublessor to tenants under operating leases with expiration dates ranging from October 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 September 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	$	217,473	$	95,575
2020	823,857		388,519
2021	676,880		395,558
2022	621,613		378,888
2023	555,748		352,418
2024	513,416		323,113
Thereafter	3,299,836		1,909,299
	$	6,708,823	$	3,843,370

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 September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
Fixed lease payments	$	214,282	$	220,443	$	641,007	$	643,015
Variable lease payments	32,581		29,103		88,539		82,554
Total lease payments	$	246,863	$	249,546	$	729,546	$	725,569
Amortization of acquired above and below-market leases	1,165		1,320		3,559		5,486
Total rental revenue	$	248,028	$	250,866	$	733,105	$	731,055