Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of leasing revenue

The following table summarizes the components of leasing revenue for the three months ended March 31, 2020 and 2019:

	For the Three Months Ended March 31,
	2020		2019
Leasing revenue—fixed payments	$	159,557	$	164,061
Leasing revenue—variable payments	51,164		46,947
	$	210,721	$	211,008

Summary of minimum rental payments

The following table summarizes the future rental payments to the Company:

Twelve months ending March 31,
2021	$	472,786
2022	395,136
2023	338,346
2024	287,879
2025	226,663
Thereafter	635,939
	$	2,356,749

Summary of lease costs

The following table summarizes the lease costs:

	For the Three Months Ended March 31,
	2020		2019
Operating lease costs	$	3,938	$	4,347
Finance lease costs:
Amortization of ROU assets	475		919
Interest on lease liabilities	142		154
	$	4,555	$	5,420

Summarizes of minimum future rental payments required

The following table summarizes the future rental payments required under the leases:

	March 31, 2020						December 31, 2019
Year ending December 31,	Operating Leases			Finance Leases			Operating Leases			Finance Leases
2020	$	13,037		$	2,043		$	17,149		$	2,106
2021	17,004			10,784			17,004			10,441
2022	16,867			2,762			16,867			2,418
2023	11,055			344			11,055			—
2024	9,068			3,085			9,068			—
Thereafter	131,347			—			131,347			—
Total undiscounted rental payments	198,378			19,018			202,490			14,965
Less imputed interest	(100,100)			(1,397)			(102,085)			(1,169)
Total lease liabilities	$	98,278		$	17,621		$	100,405		$	13,796
Weighted average remaining term	31.0 years			1.3 years			31.0 years			1.6 years
Weighted average incremental borrowing rate	7.7		%	3.2		%	7.7		%	4.2		%