LEASE REVENUE

6 Months Ended

Jun. 30, 2022

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 six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,			Six Months Ended June 30,
	2022		2021	2022	2021
	(In thousands)
Lease income — operating leases	$	88,931	74,358	173,876	147,740
Variable lease income (1)	29,567		25,204	57,574	49,739
Income from real estate operations	$	118,498	99,562	231,450	197,479

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