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Leases (Tables)

3 Months Ended

Mar. 31, 2019

As of March 31, 2019, under ASC 842, future undiscounted cash flows under non-cancelable operating leases were as follows:

As of December 31, 2018, under ASC 840, future undiscounted cash flows under non-cancelable operating leases were as follows:

The components of lease revenues for the three months ended March 31, 2019 were as follows:



(Amounts in thousands)	For the Three Months Ended March 31, 2019
Fixed lease revenues	$	414,877
Variable lease revenues	72,429
Lease revenues	$	487,306

The following table sets forth information related to the measurement of our lease liabilities as of March 31, 2019:



(Amounts in thousands)	As of March 31, 2019
Weighted average remaining lease term (in years)	41.55
Weighted average discount rate	4.89		%
Cash paid for operating leases	$	6,111

The following table sets forth the details of rent expense for the three months ended March 31, 2019:



(Amounts in thousands)	For the Three Months Ended March 31, 2019
Fixed rent expense	$	10,626
Variable rent expense	620
Rent expense	$	11,246

As of March 31, 2019, future lease payments under operating ground leases were as follows:



(Amounts in thousands)	As of March 31, 2019
For the remainder of 2019	$	20,361
For the year ended December 31,
2020	28,352
2021	28,745
2022	29,646
2023	30,061
2024	30,495
Thereafter	1,037,252
Total undiscounted cash flows	1,204,912
Present value discount	(720,739		)
Lease liabilities	$	484,173

Future undiscounted cash flows for the lease, including fixed payments in lieu of real estate taxes, as of March 31, 2019 were as follows:

As of December 31, 2018, under ASC 840, future lease payments under operating ground leases were as follows: