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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Future Minimum Operating Lease Payments Receivable
Future lease payments under the non-cancelable operating leases, excluding any reimbursements and one sale-type lease, as of June 30, 2024 were as follows:
Dollars in thousandsOPERATING
2024$441,170 
2025827,950 
2026734,851 
2027614,428 
2028500,591 
2029 and thereafter1,629,794 
$4,748,784 
Schedule of Future Minimum Operating Lease Payments
The Company’s future lease payments (primarily for its 148 non-prepaid ground leases) as of June 30, 2024 were as follows:
Dollars in thousandsOPERATINGFINANCING
2024$5,912 $1,013 
202512,644 2,218 
202612,739 2,255 
202712,934 2,294 
202813,061 2,326 
2029 and thereafter693,556 394,072 
Total undiscounted lease payments750,846 404,178 
Discount(520,245)(328,979)
Lease liabilities$230,601 $75,199 
Schedule of Future Minimum Financing Lease Payments
The Company’s future lease payments (primarily for its 148 non-prepaid ground leases) as of June 30, 2024 were as follows:
Dollars in thousandsOPERATINGFINANCING
2024$5,912 $1,013 
202512,644 2,218 
202612,739 2,255 
202712,934 2,294 
202813,061 2,326 
2029 and thereafter693,556 394,072 
Total undiscounted lease payments750,846 404,178 
Discount(520,245)(328,979)
Lease liabilities$230,601 $75,199 
Schedule of Lease Cost
The following table provides details of the Company's total lease expense for the three and six months ended June 30, 2024 and 2023:
THREE MONTHS ENDED
June 30,
SIX MONTHS ENDED
June 30,
Dollars in thousands2024202320242023
Operating lease cost
Operating lease expense$4,599 $5,329 $9,065 $10,436 
Variable lease expense1,315 2,235 2,542 4,371 
Finance lease cost
Amortization of right-of-use assets392 387 779 774 
Interest on lease liabilities942 923 1,880 1,841 
Total lease expense$7,248 $8,874 $14,266 $17,422 
Other information
Operating cash flows outflows related to operating leases$4,889 $5,230 $8,929 $11,190 
Operating cash flows outflows related to financing leases$591 $541 $1,154 $1,094 
Financing cash flows outflows related to financing leases$$$30 $17 
Right-of-use assets obtained in exchange for new operating lease liabilities$2,561 $— $2,561 $— 
Weighted-average years remaining lease term (excluding renewal options) - operating leases45.947.3
Weighted-average years remaining lease term (excluding renewal options) - finance leases57.458.4
Weighted-average discount rate - operating leases5.7 %5.8 %
Weighted-average discount rate - finance leases5.0 %5.0 %