Rental Income and Future Minimum Rent (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Rental Income

The table below sets forth the allocation of rental income between fixed and variable payments and collectability recoveries (reversals) for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
Fixed lease payments	$	224,816	$	204,216
Variable lease payments	37,081		31,475
Net collectability recoveries (reversals) (1)	1,311		(1,035)
Total rental income	$	263,208	$	234,656

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(1)Represents adjustments to rental income related to our assessment of the collectability of amounts due under leases with our tenants, including recognition of deferred rent balances associated with tenants restored from a cash basis of revenue recognition to an accrual basis to revenue recognition and allowances for uncollectible receivables and leases deemed not probable of collection.

Future Contractual Minimum Rent Under Operating Lease

Future contractual minimum rent under operating leases, which includes amounts contractually due from leases that are on a cash basis of reporting due to creditworthiness considerations, as of March 31, 2022 for future periods is summarized as follows:

Year Ending	(in thousands)
Remaining 2022	$	602,820
2023	814,598
2024	779,984
2025	741,031
2026	687,467
2027	626,861
Thereafter	2,291,039
Total (1)	$	6,543,800

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