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Lease Agreements
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Agreements LEASE AGREEMENTS
Lease income includes primarily base rent arising from noncancelable leases. Base rent (including straight-line rent) for the years ended December 31, 2023, 2022, and 2021, amounted to $208.3 million, $201.2 million, and $197.9 million, respectively. Future contractual payments under noncancelable leases for years ending December 31 (which exclude the effect of straight-line rents), are as follows: 
(in thousands) 
2024$128,682 
2025178,423 
2026158,968 
2027133,438 
2028114,606 
Thereafter411,452 
$1,125,569 
The majority of the leases provide for rental increases based on fixed annual increases or increases in the Consumer Price Index and expense recoveries based on increases in operating expenses. The expense recoveries generally are payable in equal installments throughout the year based on estimates, with adjustments made in the succeeding year. Expense recoveries for the years ended December 31, 2023, 2022, and 2021, amounted to $37.1 million, $36.0 million, and $34.5 million, respectively. In addition, certain retail leases provide for percentage rent based on sales in excess of the minimum specified in the tenant’s lease. Percentage rent amounted to $1.8 million, $1.6 million, and $1.5 million, for the years ended December 31, 2023, 2022, and 2021, respectively.