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Lease Income
 9 Months Ended
Sep. 30, 2025
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 in our consolidated statements of operations during the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Fixed lease payments$151,178 $140,450 $446,343 $405,130 
Variable lease payments18,863 17,317 55,067 45,687 
Total lease payments (1)
$170,041 $157,767 $501,410 $450,817 
Amortization of acquired above and below-market leases(1,505)(834)(4,618)(1,748)
Total rental revenue$168,536 $156,933 $496,792 $449,069 
(1)Amounts include $45.7 million and $136.8 million of sublease income during the three and nine months ended September 30, 2025, respectively, and $47.4 million and $141.6 million of sublease income during the three and nine months ended September 30, 2024 respectively.
The components of lease income from sales-type leases during the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest income (1)
$1,141 $1,127 $3,411 $3,369 
(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 in our consolidated statements of operations during the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Fixed lease payments$151,178 $140,450 $446,343 $405,130 
Variable lease payments18,863 17,317 55,067 45,687 
Total lease payments (1)
$170,041 $157,767 $501,410 $450,817 
Amortization of acquired above and below-market leases(1,505)(834)(4,618)(1,748)
Total rental revenue$168,536 $156,933 $496,792 $449,069 
(1)Amounts include $45.7 million and $136.8 million of sublease income during the three and nine months ended September 30, 2025, respectively, and $47.4 million and $141.6 million of sublease income during the three and nine months ended September 30, 2024 respectively.
The components of lease income from sales-type leases during the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest income (1)
$1,141 $1,127 $3,411 $3,369 
(1)These amounts are included in "Other income" in our consolidated statements of operations.