Leases (Lessee) (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Lease Expense

The following is a summary of our lease expense (in thousands):

	Income Statement	For the Years Ended December 31,
	Classification	2022			2021
Operating lease cost (1)	(2)	$	12,175		$	10,694
Finance lease cost:
Amortization of right-of-use assets	Real estate depreciation and amortization		51			51
Interest on lease liabilities	Interest		128			128
Sublease income	Other		(4,485	)		(4,466	)
Total lease cost		$	7,869		$	6,407

(1)Includes short-term leases.

(2)$5.7 million and $6.3 million included in “Property-related”, with the remainder reflected in the “General and administrative” line of our consolidated statements of net income for 2022 and 2021, respectively.

Schedule Of Future Minimum Rental Payments For Leases Sublease Receivable And Net Payments

Fixed minimum payments due over the remaining lease term under non-cancelable leases of more than one year and amounts to be received in the future from non-cancelable subleases over their remaining lease term at December 31, 2022 are as follows (amounts in thousands):

	Operating Leases			Finance Leases			Amounts To Be Received From Subleases			Net Payments
2023	$	8,742		$	129		$	(4,416	)	$	4,455
2024		8,880			130			(4,272	)		4,738
2025		8,289			131			(4,328	)		4,092
2026		7,884			133			(4,021	)		3,996
2027		7,873			134			(3,730	)		4,277
Thereafter		235,940			4,516			(65,320	)		175,136	(1)
Total undiscounted minimum lease payments	$	277,608		$	5,173		$	(86,087	)	$	196,694
Less: interest		(176,016	)		(3,235	)
Present value of lease liabilities	$	101,592		$	1,938

(1)Reflects certain ground leases, in which we are the lessee, that have longer initial fixed terms than our existing sublease to our tenants. However, we would expect to either renew the related sublease, enter into a lease with a new tenant, or early terminate the ground lease to reduce or avoid any significant impact from such ground leases.

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information is as follows (in thousands, except lease terms and discount rate):

	Balance Sheet Classification	December 31, 2022			December 31, 2021
Right of use assets:
Operating leases - real estate	Land	$	63,553		$	68,616
Finance leases - real estate	Land		1,734			1,785
Total real estate right of use assets		$	65,287		$	70,401
Operating leases - corporate	Other assets		26,225			7,458
Total right of use assets		$	91,512		$	77,859
Lease liabilities:
Operating leases	Obligations to tenants and other lease liabilities	$	101,592		$	85,217
Financing leases	Obligations to tenants and other lease liabilities		1,938			1,937
Total lease liabilities		$	103,530		$	87,154
Weighted-average remaining lease term:
Operating leases			33.2			40.6
Finance leases			33.9			34.9
Weighted-average discount rate:
Operating leases			6.1	%		6.4	%
Finance leases			6.6	%		6.6	%

Summary of Supplemental Cash Flow Information

The following is supplemental cash flow information (in thousands):

	For the Years Ended December 31,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	7,169	$	7,330
Operating cash flows used for finance leases		128		126
Non-cash activities - Right-of-use assets obtained in exchange for lease      obligations:
Operating leases		23,066		1,120