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Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases, Capital [Abstract]  
Schedule of Company's Lease Income
The following table summarizes the Company’s lease income (dollars in thousands):
 
Three Months Ended
March 31,
 
2020
 
2019
Fixed income from operating leases
$
253,859

 
$
237,223

Variable income from operating leases
60,829

 
56,999

Interest income from direct financing leases
3,269

 
13,524
Schedule of Components of Net Investment in DFLs
Net investment in DFLs consists of the following (dollars in thousands):
 
March 31,
2020
 
December 31,
2019
Present value of minimum lease payments receivable
$
16,255

 
$
19,138

Present value of estimated residual value
44,706

 
84,604

Less deferred selling profits
(16,255
)
 
(19,138
)
Net investment in direct financing leases before allowance
44,706

 
84,604

Allowance for direct financing lease losses
—

 
—

Net investment in direct financing leases
$
44,706

 
$
84,604

Properties subject to direct financing leases
1

 
2
Summary of the Company's Internal Ratings for DFLs
The following table summarizes the Company’s internal ratings for DFLs at March 31, 2020 (dollars in thousands):
 
 
Carrying
Amount
 
Percentage of
DFL Portfolio
 
Internal Ratings
Segment
 
 
 
Performing DFLs
 
Watch List DFLs
 
Workout DFLs
Other non-reportable segments
 
$
44,706

 
100
 
$
44,706

 
—

 
—

 
 
$
44,706

 
100
 
$
44,706

 
$
—

 
$
—


The following table summarizes, by year of origination, the Company’s internal ratings for loans receivables as of March 31, 2020 (dollars in thousands):
Investment Type
 
Year of Origination
 
Total
 
2020
 
2019
 
2018
 
2017
 
2016
 
Secured mortgage loans
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
—

 
$
55,955

 
$
—

 
$
108,484

 
$
—

 
$
164,439

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total secured mortgage loans
 
$
—

 
$
55,955

 
$
—

 
$
108,484

 
$
—

 
$
164,439

Mezzanine and other
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
2,901

 
$
36,114

 
$
—

 
$
8,896

 
$
8,302

 
$
56,213

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total mezzanine and other
 
$
2,901

 
$
36,114

 
$
—

 
$
8,896

 
$
8,302

 
$
56,213