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Lease Revenue
9 Months Ended
Sep. 30, 2018
Lease Revenue  
Lease Revenue

6. Lease Revenue

 

The components of data center, office, light-industrial, and other lease revenue were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

Lease revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum lease revenue

 

$

98,294

 

$

88,323

 

$

291,488

 

$

259,537

 

Variable lease revenue

 

 

23,185

 

 

18,544

 

 

62,075

 

 

50,300

 

Total lease revenue

 

$

121,479

 

$

106,867

 

$

353,563

 

$

309,837

 

 

The future minimum lease payments to be received under noncancelable data center, office, light-industrial, and other operating leases in effect at September 30, 2018, are as follows (in thousands):

 

 

 

 

 

 

Period / Year Ending December 31,

    

Lease Payments

    

2018

 

$

87,868

 

2019

 

 

293,440

 

2020

 

 

201,259

 

2021

 

 

149,168

 

2022

 

 

104,563

 

Thereafter

 

 

188,149

 

Total

 

$

1,024,447