Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows for the periods presented (in thousands):

		Six Months Ended
	Classification	June 30, 2024		June 30, 2023
Operating lease cost: (1)
Real estate lease expense	Property operating expenses	$	11,830	$	11,093
Non-real estate investment lease expense	General and administrative expenses	3,084		3,586
Finance lease cost:
Amortization of leased assets	Property operating expenses	2,165		3,628
Interest on lease liabilities	Interest expense	1,747		1,980
Sublease income	Rental income	—		(3,933)
Total		$	18,826	$	16,354

(1) Includes short-term leases which are immaterial.

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases in which we are the lessee is as follows (in thousands):

	Classification	June 30, 2024		December 31, 2023
Right of use assets:
Operating leases - real estate	Right of use assets, net	$	281,313	$	283,293
Finance leases - real estate	Right of use assets, net	78,969		67,676
Real estate right of use assets, net		360,282		350,969
Operating leases - non-real estate investments	Receivables and other assets	9,660		11,338
Total right of use assets, net		$	369,942	$	362,307
Lease liabilities:
Operating leases		$	302,309	$	303,553
Finance leases		91,361		79,677
Total		$	393,670	$	383,230