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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Operating Lease, Lease Income [Table Text Block]
The table below presents the components of Income from real estate operations for the years ended December 31, 2022, 2021 and 2020:
Years Ended December 31,
2022
2021
2020
(In thousands)
Lease income — operating leases$364,957 306,658 271,094 
Variable lease income (1)
121,860 102,754 91,575 
Income from real estate operations$486,817 409,412 362,669 

(1)Primarily includes tenant reimbursements for real estate taxes, insurance and common area maintenance.
Future Minimum Rental Receipts Under Non-cancelable Leases [Table Text Block] The following schedule indicates approximate future minimum rental receipts under non-cancelable leases for real estate properties by year as of December 31, 2022:
Years Ending December 31,(In thousands)
2023$390,062 
2024355,906 
2025300,660 
2026237,066 
2027159,994 
Thereafter                                                  383,192 
   Total minimum receipts                                                  $1,826,880 
Federal Income Tax Treatment of Share Distributions The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended 2022, 2021 and 2020.
Federal Income Tax Treatment of Share Distributions
 Years Ended December 31,
 202220212020
Common Share Distributions: (Per share)
Ordinary dividends$4.53746 3.61656 3.32868 
Nondividend distributions — — 
Unrecaptured Section 1250 capital gain — — 
Other capital gain — — 
Total Common Share Distributions                                      $4.53746 3.61656 3.32868 
Projected amortization of in-place lease intangibles for the next five years
Projected amortization of in-place lease intangibles for the next five years as of December 31, 2022 is as follows:
Years Ending December 31,(In thousands)
2023$7,353 
20245,561 
20254,343 
20262,482 
2027652 
Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the real estate property acquisitions during the years ended December 31, 2022, 2021 and 2020.
Costs Incurred During the Years Ended December 31,
ACQUIRED ASSETS AND ASSUMED LIABILITIES202220212020
 (In thousands)
Land $127,402 42,554 23,565 
Buildings and building improvements335,335 225,645 42,024 
Tenant and other improvements11,502 4,907 7,971 
Right of use assets — Ground leases (operating)  12,708 — 
Total real estate properties acquired474,239 285,814 73,560 
In-place lease intangibles (1)
11,871 9,949 3,257 
Above market lease intangibles (1)
 104 
Below market lease intangibles (2)
(4,059)(3,836)(403)
Operating lease liabilities — Ground leases (3)
 (12,708)— 
Total assets acquired, net of liabilities assumed$482,051 279,225 76,518 
(1)In-place lease intangibles and above market lease intangibles are each included in Other assets on the Consolidated Balance Sheets. These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition.
(2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition.  
(3)Operating lease liabilities - Ground leases are included in Other liabilities on the Consolidated Balance Sheets.