Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of rental revenue

The components of rental revenue for the three and nine months ended September 30, 2019 are as follows (amounts in thousands):

	Three months ended September 30, 2019		Nine months ended September 30, 2019
Fixed payments	$	129,030	$	380,647
Variable payments	21,195		54,066
Total rental revenue	$	150,225	$	434,713

Future contractual minimum lease payments on non-cancellable operating leases to be received (current year-to-date)

As of September 30, 2019, we were entitled to the following future contractual minimum lease payments (excluding operating expense reimbursements) on non-cancellable operating leases to be received which expire on various dates through 2038 (amounts in thousands):

Remainder of 2019	$	124,080
2020	496,805
2021	477,068
2022	446,300
2023	419,857
Thereafter	1,954,810
	$	3,918,920

Future contractual minimum lease payments on non-cancellable operating leases to be received (prior year end)

Future minimum lease payments to be paid over the terms of the leases as of December 31, 2018 are as follows (amounts in thousands):

2019	$	1,518
2020	1,518
2021	1,518
2022	1,518
2023	1,518
Thereafter	68,298
	$	75,888

As of December 31, 2018, we were entitled to the following future contractual minimum lease payments (excluding operating expense reimbursements) on non-cancellable operating leases to be received which expire on various dates through 2038 (amounts in thousands):

2019	$	485,441
2020	460,127
2021	423,365
2022	391,395
2023	362,738
Thereafter	1,536,461
	$	3,659,527

Information relating to the measurement of lease liabilities

Information relating to the measurement of our lease liabilities as of September 30, 2019 are as follows:

Weighted average remaining lease term (in years)	50.8
Weighted average discount rate	4.49		%
Cash paid for operating leases nine months ended September 30, 2019 (in thousands)	$	1,139

Future minimum lease payments to be paid

Future minimum lease payments to be paid over the terms of the leases as of September 30, 2019 are as follows (amounts in thousands):

Remainder of 2019	$	380
2020	1,518
2021	1,518
2022	1,518
2023	1,518
Thereafter	68,298
Total undiscounted cash flows	74,750
Present value discount	(45,395		)
Ground lease liabilities	$	29,355