XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
LEASE REVENUE
9 Months Ended
Sep. 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 nine months ended September 30, 2022 and 2021:
Three Months Ended
September 30,
Nine Months Ended September 30,
2022202120222021
(In thousands)
Lease income — operating leases$93,548 78,040 267,423 225,780 
Variable lease income (1)
32,022 26,544 89,597 76,283 
Income from real estate operations$125,570 104,584 357,020 302,063 

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