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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Lessee - Lease Costs

Lease costs consisted of the following for the three and six months ended June 30, 2019 (in thousands):



	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Operating lease cost	$	3,066	$	6,121
Variable lease cost	333		714
Total lease cost	$	3,399	$	6,835

Lessee - Lease Term and Discount Rates

The following is the weighted average remaining lease term and the weighted average discount rate for our operating leases as of June 30, 2019 (weighted average remaining lease term in years):



	June 30, 2019
Weighted-average remaining lease term	47.9
Weighted-average discount rate	5.3	%

Summary of lease repayments of operating lease liabilities

The following table summarizes the future minimum lease obligations of our operating leases as of June 30, 2019 under Topic 842 (in thousands):



Year	Amount
2019	$	4,963
2020	10,549
2021	10,670
2022	10,842
2023	10,967
2024	10,361
Thereafter	632,016
Total undiscounted lease payments	$	690,368
Less: Interest	(489,526		)
Present value of lease liabilities	$	200,842

Schedule of future minimum rental payments for operating leases

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum lease obligations of our operating leases as of December 31, 2018 (in thousands):



Year	Amount
2019	$	10,309
2020	10,408
2021	9,877
2022	10,031
2023	10,132
Thereafter	639,234
Total	$	689,991

Schedule of undiscounted cash flows for future minimum rents

The following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of June 30, 2019 under Topic 842 (in thousands):



Year	Amount
2019	$	247,608
2020	476,320
2021	428,342
2022	375,494
2023	327,302
2024	282,124
Thereafter	1,110,928
Total	$	3,248,118

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2018 (in thousands):



Year	Amount
2019	$	497,083
2020	448,956
2021	401,871
2022	341,889
2023	294,451
Thereafter	1,244,246
Total	$	3,228,496