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LEASE REVENUE
6 Months Ended
Jun. 30, 2024
Operating Leases, Income Statement, Lease Revenue [Abstract]  
Operating Lease, Lease Income [Text Block] LEASE REVENUE
The Company’s primary source of 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, 2024 and 2023:
Three Months Ended
June 30,
Six Months Ended June 30,
2024202320242023
(In thousands)
Lease income — operating leases$117,138 104,150 231,338 204,846 
Variable lease income (1)
40,195 34,661 80,069 67,929 
Income from real estate operations$157,333 138,811 311,407 272,775 

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