Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Components of Lease Expense

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

		Nine Months Ended
	Classification	September 30, 2024		September 30, 2023
Operating lease cost: (1)
Real estate lease expense	Property operating expenses	$	17,837	$	16,663
Non-real estate investment lease expense	General and administrative expenses	4,838		5,392
Finance lease cost:
Amortization of leased assets	Property operating expenses	3,278		4,774
Interest on lease liabilities	Interest expense	2,923		3,008
Sublease income	Rental income	—		(3,933)
Total		$	28,876	$	25,904

(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	September 30, 2024		December 31, 2023
Right of use assets:
Operating leases - real estate	Right of use assets, net	$	280,295	$	283,293
Finance leases - real estate	Right of use assets, net	77,865		67,676
Real estate right of use assets, net		358,160		350,969
Operating leases - non-real estate investments	Receivables and other assets	8,734		11,338
Total right of use assets, net		$	366,894	$	362,307
Lease liabilities:
Operating leases		$	301,046	$	303,553
Finance leases		91,314		79,677
Total		$	392,360	$	383,230