LEASE REVENUE

9 Months Ended

Sep. 30, 2021

Lease Revenue [Abstract]

Operating Lease, Lease Income [Text Block]

LEASE REVENUE

The Company’s primary revenue is rental income from business distribution space. The table below presents the components of Income from real estate operations for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,			Nine Months Ended September 30,
	2021		2020	2021	2020
	(In thousands)
Lease income — operating leases	$	78,040	68,528	225,780	201,284
Variable lease income (1)	26,544		23,472	76,283	68,793
Income from real estate operations	$	104,584	92,000	302,063	270,077

(1)Primarily includes tenant reimbursements for real estate taxes, insurance and common area maintenance.