XML 21 R9.htm IDEA: XBRL DOCUMENT v3.24.3
LEASE REVENUE
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023:
Three Months Ended
September 30,
Nine Months Ended September 30,
2024202320242023
(In thousands)
Lease income — operating leases$121,797 106,683 353,135 311,529 
Variable lease income (1)
41,064 37,695 121,133 105,624 
Income from real estate operations$162,861 144,378 474,268 417,153 

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