Lease Income

9 Months Ended

Sep. 30, 2019

Lease Income

Lease Income

9. Lease Income

As discussed in note 3, fixed lease income under our operating leases includes fixed minimum lease consideration and fixed CAM reimbursements which are accrued on a straight-line basis over the terms of the leases.  Variable lease income includes consideration based on sales, as well as reimbursements for real estate taxes, utilities, marketing, and certain other items.

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Fixed lease income	$	1,067,381	$	1,036,512	$	3,196,202	$	3,106,318
Variable lease income		241,527		248,162		691,330		704,947
Total lease income	$	1,308,908	$	1,284,674	$	3,887,532	$	3,811,265

Lease income for the three and nine months ended September 30, 2018 has been reclassified to conform to the current year presentation.