Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Income for Operating Leases

Our total lease income was comprised of the following amounts for all operating leases (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Fixed lease income	$	169,337	$	165,044	$	337,567	$	329,012
Variable lease income		11,216		11,177		22,021		21,636
Total lease income	$	180,553	$	176,221	$	359,588	$	350,648

Future Minimum Annual Rental Payments Receivable Under Residential and Commercial Leases

Future minimum annual rental payments we are contractually obligated to receive under residential and commercial leases, excluding such extension options, are as follows as of June 30, 2022 (in thousands):

2022 (remaining)	$	324,862
2023		352,182
2024		62,478
2025		11,183
2026		9,470
Thereafter		42,416
Total	$	802,591

Schedule of Aggregate Minimum Lease Payments

As of June 30, 2022, the aggregate minimum lease payments owed to us under the sales-type leases is as follows (in thousands):

2022 (remaining)	$	12,632
2023		25,262
2024		25,262
2025		25,373
2026		25,966
Thereafter		704,267
Total lease receivable (1)	$	818,762
Add: Unguaranteed residual value		131,580
Less: Discount		484,329
Total leased real estate assets	$	466,013