Lease Income

12 Months Ended

Dec. 31, 2023

Lease Income

Lease Income

9. Lease Income

Fixed lease income under our operating leases includes fixed minimum lease consideration and fixed CAM reimbursements recorded on a straight-line basis.  Variable lease income includes consideration based on sales, as well as reimbursements for real estate taxes, utilities, marketing, and certain other items including negative variable lease income as discussed in Note 3.

	For the Year Ended
	December 31,
	2023		2022		2021
Fixed lease income	$	4,145,288	$	3,858,592	$	3,701,991
Variable lease income		1,019,047		1,046,583		1,034,728
Total lease income	$	5,164,335	$	4,905,175	$	4,736,719

Tenant receivables and accrued revenue in the accompanying consolidated balance sheets includes straight-line receivables of $535.8 million and $546.5 million at December 31, 2023 and 2022, respectively.

Minimum fixed lease consideration under non-cancelable tenant operating leases for each of the next five years and thereafter, excluding variable lease consideration, as of December 31, 2023, is as follows:

2024	$	3,098,818
2025		2,596,359
2026		2,065,777
2027		1,637,514
2028		1,185,063
Thereafter		3,828,659
	$	14,412,190