XML 37 R25.htm IDEA: XBRL DOCUMENT v3.22.2
Lease Arrangements (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease Income for Residential and Commercial Property Leases

For the three and six months ended June 30, 2022 and 2021, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Fixed lease income

 

$

46,851

 

 

$

37,554

 

 

$

92,982

 

 

$

74,343

 

Variable lease income

 

 

3,673

 

 

 

2,760

 

 

 

7,409

 

 

 

5,714

 

Total lease income

 

$

50,524

 

 

$

40,314

 

 

$

100,391

 

 

$

80,057

 

Minimum Annual Rental Payments Under Operating , Financing Leases and Sublease Income ombined minimum annual lease payments under operating and finance leases, and sublease income that offsets our operating lease rent, are as follows (in thousands):

 

Sublease Income and Lease Modification Income

 

 

Operating Lease Future Minimum Rent

 

 

Financing Leases Future Minimum Payments

 

Remainder of 2022

$

188,593

 

 

$

816

 

 

$

1,046

 

2023

 

1,403

 

 

 

1,922

 

 

 

2,479

 

2024

 

1,413

 

 

 

1,935

 

 

 

3,479

 

2025

 

1,423

 

 

 

1,930

 

 

 

32,659

 

2026

 

1,433

 

 

 

1,960

 

 

 

4,335

 

Thereafter

 

3,526

 

 

 

4,847

 

 

 

1,155,087

 

Total

$

197,791

 

 

 

13,410

 

 

 

1,199,085

 

Less: Discount

 

 

 

 

(1,402

)

 

 

(1,075,300

)

Total lease liabilities

 

 

 

$

12,008

 

 

$

123,785