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Lease Income
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease Income Lease Income
The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type 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 income from operating leases during the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
20242023
Fixed lease payments$128,252 $166,353 
Variable lease payments13,301 20,450 
Total lease payments (1)
$141,553 $186,803 
Amortization of acquired above and below-market leases(49)8,239 
Total rental revenue$141,504 $195,042 
(1)Amounts include $48.4 million and $48.9 million of sublease income during the three months ended March 31, 2024 and 2023, respectively.
The components of lease income from sales-type leases during the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
20242023
Interest income (1)
$1,120 $1,106 
(1)These amounts are included in Other income in our consolidated statements of operations.
Lease Income Lease Income
The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type 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 income from operating leases during the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
20242023
Fixed lease payments$128,252 $166,353 
Variable lease payments13,301 20,450 
Total lease payments (1)
$141,553 $186,803 
Amortization of acquired above and below-market leases(49)8,239 
Total rental revenue$141,504 $195,042 
(1)Amounts include $48.4 million and $48.9 million of sublease income during the three months ended March 31, 2024 and 2023, respectively.
The components of lease income from sales-type leases during the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
20242023
Interest income (1)
$1,120 $1,106 
(1)These amounts are included in Other income in our consolidated statements of operations.