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Leases
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Leases Leases
Lessee - Maturity of Lease Liabilities
The following table summarizes the future minimum lease obligations of our operating leases as of June 30, 2020 (in thousands):
YearOperating LeasesFinance Leases
2020$5,323  $21  
202110,730  124  
202210,926  124  
202311,066  125  
202410,412  125  
20259,901  128  
Thereafter624,243  9,295  
Total undiscounted lease payments$682,601  $9,942  
Less: Interest(484,090) (6,604) 
Present value of lease liabilities$198,511  $3,338  
Lessor - Lease Revenues and Maturity of Future Minimum Rents
For the three months ended June 30, 2020 and 2019, we recognized $176.2 million and $169.9 million, respectively, of rental and other lease-related income related to our operating leases, of which $41.8 million and $38.2 million, respectively, were variable lease payments. For the six months ended June 30, 2020 and 2019, we recognized $360.5 million and $338.4 million, respectively, of rental and other lease-related income related to our operating leases, of which $84.6 million and $76.1 million, respectively, were variable lease payments.
The following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of June 30, 2020 (in thousands):
YearAmount
2020$268,495  
2021521,524  
2022465,454  
2023411,921  
2024363,060  
2025314,870  
Thereafter1,207,218  
Total$3,552,542