Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Schedule of future minimum lease payments to be received under noncancelable operating leases

The following is a schedule of minimum future cash rentals on the Company’s industrial/logistics operating leases as of March 31, 2022. The schedule does not reflect future rental revenues from the renewal or replacement of existing leases or for leases on facilities not yet in service and excludes real estate taxes and property operating expense reimbursements:

Balance of 2022	$	24,681
2023		30,576
2024		30,060
2025		27,091
2026		22,247
Thereafter		61,792
	$	196,447

Schedule of maturities of lease liabilities

Balance of 2022	$	106
2023		140
2024		141
2025		141
2026		117
Total undiscounted payments		645
Less: imputed interest		(50)
Present value of minimum lease payments	$	595