Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lessor, Operating Leases [Text Block]

4. Leases

The Company estimates the collectability of its accrued rent and accounts receivable balances related to lease revenue. When evaluating the collectability of these accrued rent and accounts receivable balances, management considers tenant creditworthiness, current economic trends, including the impact of the COVID-19 pandemic on tenants’ businesses, and changes in tenants’ payment patterns, on a lease-by-lease basis. If the Company determines that the accrued rent and/or accounts receivable balances are no longer probable of collection then the balances are written-off and the lease is recognized on a cash basis.

If applicable, information related to write-offs of accrued rent, net balances and accounts receivable, net balances and reinstatements of accrued rent balances for the Company’s unconsolidated joint ventures can be found in Note 5.

Lessor

The following table summarizes the components of lease revenue recognized under the Company’s operating and sales-type leases for the three and six months ended June 30, 2023 and 2022 and included within the Company's Consolidated Statements of Operations (in thousands):

	Three months ended June 30,				Six months ended June 30,
Lease Revenue	2023		2022		2023		2022
Fixed contractual payments	$	629,189	$	601,351	$	1,250,835	$	1,200,958
Variable lease payments	132,315		120,548		267,318		239,061
Sales-type lease income	229		—		455		—
	$	761,733	$	721,899	$	1,518,608	$	1,440,019