XML 44 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Rental Income
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Rental Income Rental Income
The Operating Partnership is the lessor and the sublessor to tenants under operating leases. The minimum rental amounts due under the leases are generally 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.
The components of lease revenues were as follows (in thousands):
 
 
Three Months Ended  
 June 30, 2020
 
Three Months Ended  
 June 30, 2019
 
Six Months Ended 
 June 30, 2020
 
Six Months Ended 
 June 30, 2019
Fixed lease payments
 
$
172,511

 
$
215,295

 
$
366,735

 
$
426,725

Variable lease payments
 
21,745

 
28,479

 
48,913

 
55,958

Total lease payments
 
$
194,256

 
$
243,774

 
$
415,648

 
$
482,683

Amortization of acquired above and below-market leases
 
1,630

 
1,185

 
2,869

 
2,394

Total rental revenue
 
$
195,886

 
$
244,959

 
$
418,517

 
$
485,077