Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of rental revenue

The components of rental revenue for the three months ended March 31, 2020 and 2019 are as follows (amounts in thousands):

	Three months ended March 31, 2020		Three months ended March 31, 2019
Fixed payments	$	130,514	$	126,581
Variable payments	17,599		16,836
Total rental revenue	$	148,113	$	143,417

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

As of March 31, 2020, 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 2020	$	371,553
2021	484,524
2022	462,080
2023	435,217
2024	397,628
Thereafter	1,842,594
	$	3,993,596

Future minimum lease payments to be paid

As of March 31, 2020, the following table summarizes our future minimum lease payments discounted by our incremental borrowing rates to calculate the lease liabilities of our leases (amounts in thousands):

Remainder of 2020	$	1,139
2021	1,518
2022	1,518
2023	1,518
2024	1,518
Thereafter	66,780
Total undiscounted cash flows	73,991
Present value discount	(44,735		)
Ground lease liabilities	$	29,256