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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Company's Lease Income, Excluding Discontinued Operation
The following table summarizes the Company’s lease income, excluding discontinued operations (in thousands):
 Year Ended December 31,
 202220212020
Fixed income from operating leases$1,182,463 $1,087,683 $943,638 
Variable income from operating leases359,312 290,701 238,470 
Interest income from direct financing leases1,168 8,702 9,720 
Schedule of Components of Net Investment in Dfls
Net investment in DFLs consists of the following (in thousands):
December 31,
 20222021
Present value of minimum lease payments receivable$— $1,220 
Present value of estimated residual value— 44,706 
Less deferred selling profits— (1,220)
Net investment in direct financing leases$— $44,706 
Schedule of Future Minimum Lease Payments Due Under Operating Leases
The following table summarizes future minimum lease payments to be received from tenants under non-cancelable operating leases as of December 31, 2022 (in thousands):
YearAmount
2023$1,132,120 
20241,106,555 
20251,025,557 
2026917,925 
2027828,431 
Thereafter3,100,427 
$8,111,015 
Schedule of Tenant Purchase Options
Certain leases contain purchase options whereby the tenant may elect to acquire the underlying real estate. Annualized base rent from leases subject to purchase options, summarized by the year the purchase options are exercisable are as follows (dollars in thousands):
Year
Annualized
Base Rent(1)
Number of
Properties
2023$5,779 7 
20247,446 3 
202513,772 16 
20265,594 3 
20277,704 5 
Thereafter14,816 4 
 $55,111 38 
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(1)Represents the most recent month’s base rent including additional rent floors annualized for 12 months. Base rent does not include tenant recoveries, additional rents in excess of floors, and non-cash revenue adjustments (i.e., straight-line rents, amortization of market lease intangibles, and deferred revenues).
Schedule of Other Lease Information
The following tables provide information regarding the Company’s leases to which it is the lessee, such as corporate offices and ground leases, excluding lease costs related to assets classified as discontinued operations (dollars in thousands):
Year Ended December 31,
Lease Expense Information:202220212020
Total lease expense$16,689 $14,442 $13,601 

Weighted Average Lease Term and Discount Rate:December 31,
2022		December 31,
2021
Weighted average remaining lease term (years):
Operating leases(1)
5152
Weighted average discount rate:
Operating leases4.20 %4.14 %
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(1)As of December 31, 2022 and 2021, the weighted average remaining lease term including the Company’s options to extend its operating leases is 67 years and 68 years, respectively.
Schedule of Future Minimum Lease Obligations, 842
The following table summarizes future minimum lease payments under non-cancelable ground and other operating leases included in the Company’s lease liability as of December 31, 2022 (in thousands):
YearAmount
2023$17,146 
202413,126 
202511,946 
202611,875 
202711,941 
Thereafter484,897 
Undiscounted minimum lease payments included in the lease liability550,931 
Less: imputed interest(342,416)
Present value of lease liability$208,515