Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases

Summary of lease income

The following table includes information regarding the Company’s operating leases for which it is the lessor, for the three and six months ended June 30, 2020 and June 30, 2019. (presented in thousands)

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Total Lease Payments	$	60,288	$	46,434	$	118,384	$	90,608
Less: Variable Lease Payments		6,192		4,899		13,085		10,299
Total Non-Variable Lease Payments	$	54,096	$	41,535	$	105,299	$	80,309

Summary of lease income to be received

	2020
Year Ending December 31,	(remaining)		2021		2022		2023		2024		Thereafter		Total
Future Lease Payments	$	112,335	$	223,365	$	220,479	$	216,160	$	206,916	$	1,271,883	$	2,251,138

Summary of lease costs

The following tables include information on the Company’s land leases for which it is the lessee, for the three and six months ended June 30, 2020 and June 30, 2019. (presented in thousands)

	Three Months Ended						Six Months Ended
	2020			2019			2020			2019
Operating Lease Costs	$	324		$	368		$	649		$	571
Variable Lease Costs		—			—			—			—
Total Non-Variable Lease Costs	$	324		$	368		$	649		$	571
Supplemental Disclosure
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—		$	—		$	—		$	19,672
Operating cash outflows on operating leases	$	267		$	311		$	534		$	509
Weighted-average remaining lease term - operating leases (years)		38.2			37.0			38.2			37.0
Weighted-average discount rate - operating leases		4.13	%		4.13	%		4.13	%		4.13	%

Summary of maturity analysis of lease liabilities

Maturity Analysis of Lease Liabilities (presented in thousands)

	2020
Year Ending December 31,	(remaining)		2021		2022		2023		2024		Thereafter		Total
Lease Payments	$	535	$	1,015	$	789	$	789	$	789	$	30,583	$	34,500
Imputed Interest		(329)		(645)		(634)		(628)		(621)		(15,634)		(18,491)
Total Lease Liabilities	$	206	$	370	$	155	$	161	$	168	$	14,949	$	16,009