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Lease Agreements
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Lease Agreements Lease Agreements
As of September 30, 2025, we were the lessor to over 2,600 stores in our 34 consolidated centers, under operating leases with initial terms that expire from 2025 to 2039, with certain agreements containing extension options. Also, certain of our lease agreements require tenants to pay their portion of reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.

The components of rental revenues are as follows (in thousands):
Three months endedNine months ended
September 30,September 30,
2025202420252024
Rental revenues - fixed$111,113 $98,879 $326,786 $294,031 
Rental revenues - variable (1)
26,112 26,342 73,159 71,318 
Rental revenues$137,225 $125,221 $399,945 $365,349 
(1)Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.