Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of rental revenue

The components of rental revenue for the three and six months ended June 30, 2020 and 2019 are as follows (amounts in thousands):

	Three Months Ended				Six Months Ended
Rental revenue	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Fixed payments	$	122,393	$	125,036	$	252,906	$	251,617
Variable payments	15,606		16,035		33,206		32,871
Total rental revenue	$	137,999	$	141,071	$	286,112	$	284,488

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

As of June 30, 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	$	253,641
2021	497,926
2022	477,515
2023	450,698
2024	413,015
Thereafter	1,922,267
	$	4,015,062

Future minimum lease payments to be paid

As of June 30, 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	$	759
2021	1,518
2022	1,518
2023	1,518
2024	1,518
Thereafter	66,780
Total undiscounted cash flows	73,611
Present value discount	(44,406		)
Ground lease liabilities	$	29,205