Rental Income and Future Minimum Rent (Tables)

6 Months Ended

Jun. 30, 2020

The table below sets forth the allocation of rental income between fixed and variable payments and collectability reversals or recoveries for the three and six months ended June 30, 2020 and 2019:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
	(in thousands)
Fixed lease payments	$	194,486		$	173,230		$	387,961		$	342,180
Variable lease payments	29,764			24,616			61,409			52,184
Collectability (reversals) recoveries	(5,894		)	(217		)	(12,381		)	2,647
Total rental income	$	218,356		$	197,629		$	436,989		$	397,011

______________

(1)

Represents adjustments to rental income related to our assessment of the collectability of amounts due under leases with our tenants. For the three and six months ended June 30, 2020, includes a reduction in revenue of $5.9 million and $12.4 million, respectively, primarily as a result of the COVID-19 pandemic.

Future contractual minimum rent under operating leases

Future contractual minimum rent under operating leases as of June 30, 2020 for future periods is summarized as follows:



Year Ending	(in thousands)
Remaining 2020	$	348,479
2021	727,344
2022	802,787
2023	788,673
2024	746,047
2025	714,321
Thereafter	3,420,018
Total ⁽¹⁾	$	7,547,669

______________

(1)

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