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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Operating Lease, Lease Income

The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842:

 

(in thousands)

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed and in-substance fixed lease income

 

$

202,467

 

 

 

200,909

 

 

$

407,409

 

 

 

403,072

 

Variable lease income

 

 

61,748

 

 

 

62,610

 

 

 

126,417

 

 

 

125,445

 

Other lease related income, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Above/below market rent and tenant rent inducement amortization, net

 

 

10,416

 

 

 

6,793

 

 

 

23,296

 

 

 

20,247

 

Uncollectible straight-line rent

 

 

(16,287

)

 

 

(3,496

)

 

 

(20,189

)

 

 

(3,781

)

Uncollectible amounts in lease income

 

 

(35,792

)

 

 

(580

)

 

 

(39,844

)

 

 

(1,444

)

Total lease income

 

$

222,552

 

 

 

266,236

 

 

$

497,089

 

 

 

543,539

 

Components Of Tenant And Other Receivables

The following table represents the components of Tenant and other receivables in the accompanying Consolidated Balance Sheets:

 

(in thousands)

 

June 30, 2020

 

 

December 31, 2019

 

Tenant receivables (1)

 

$

62,228

 

 

$

35,526

 

Straight-line rent receivables

 

 

94,512

 

 

 

107,087

 

Other receivables (2)

 

 

29,492

 

 

 

26,724

 

Total tenant and other receivables

 

$

186,232

 

 

$

169,337

 

 

(1)

Tenant receivables include $6.5 million of lease payments due under rent deferral agreements executed as of June 30, 2020.  

 

(2)

Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction and other fee income.