Future Minimum Rent

3 Months Ended

Mar. 31, 2019

We have operating leases with tenants that expire at various dates through 2043 and are either subject to scheduled fixed increases or adjustments in rent based on the Consumer Price Index. Generally, the leases grant tenants renewal options. Leases also provide for additional rents based on certain operating expenses. Future contractual minimum rent under operating leases as of March 31, 2019 (under Topic 842) for future periods is summarized as follows:



Year Ending	(in thousands)
Remaining 2019	$	433,921
2020	645,256
2021	641,565
2022	643,068
2023	609,814
2024	561,301
Thereafter	2,782,219
Total ⁽¹⁾	$	6,317,144

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(1)	Excludes residential leases and leases with a term of one year or less.

Future contractual minimum rent under operating leases as of December 31, 2018 for future periods is summarized as follows:



Year Ending	(in thousands)
2019	$	566,783
2020	632,875
2021	631,835
2022	620,684
2023	586,371
Thereafter	3,240,143
Total ⁽¹⁾	$	6,278,691

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(1)	Excludes residential leases and leases with a term of one year or less.