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Lease Income
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Lease Income Lease Income
The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type leases. The minimum rental amounts due under the leases are generally subject to scheduled fixed increases or adjustments. The leases generally also require that the tenants reimburse us for increases in certain operating costs and real estate taxes above their base year costs.
The components of lease income from operating leases in our consolidated statements of operations during the three months ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended March 31,
20262025
Fixed lease payments$166,509 $146,127 
Variable lease payments20,881 18,501 
Total lease payments (1)
$187,390 $164,628 
Amortization of acquired above and below-market leases(514)(1,609)
Total rental revenue$186,876 $163,019 
(1)Amounts include $43.7 million and $46.1 million of sublease income for the three months ended March 31, 2026, and 2025 respectively.
The components of lease income from sales-type leases during the three months ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended March 31,
20262025
Interest income (1)
$1,148 $1,134 
(1)These amounts are included in "Other income" in our consolidated statements of operations.
Lease Income Lease Income
The Operating Partnership is the lessor and the sublessor to tenants under operating and sales-type leases. The minimum rental amounts due under the leases are generally subject to scheduled fixed increases or adjustments. The leases generally also require that the tenants reimburse us for increases in certain operating costs and real estate taxes above their base year costs.
The components of lease income from operating leases in our consolidated statements of operations during the three months ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended March 31,
20262025
Fixed lease payments$166,509 $146,127 
Variable lease payments20,881 18,501 
Total lease payments (1)
$187,390 $164,628 
Amortization of acquired above and below-market leases(514)(1,609)
Total rental revenue$186,876 $163,019 
(1)Amounts include $43.7 million and $46.1 million of sublease income for the three months ended March 31, 2026, and 2025 respectively.
The components of lease income from sales-type leases during the three months ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended March 31,
20262025
Interest income (1)
$1,148 $1,134 
(1)These amounts are included in "Other income" in our consolidated statements of operations.