Lease Income

12 Months Ended

Dec. 31, 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 recorded on a straight-line basis.  Variable lease income includes consideration based on sales, as well as reimbursements for real estate taxes, utilities, marketing, and certain other items.

	For the Year Ended
	December 31,
	2019		2018		2017
Fixed lease income	$	4,293,401	$	4,185,174	$	4,156,971
Variable lease income		950,370		973,246		952,128
Total lease income	$	5,243,771	$	5,158,420	$	5,109,099

Lease income for the years ended December 31, 2018 and 2017 has been reclassified to conform to the current year presentation.  

Minimum fixed lease consideration under non-cancelable tenant operating leases for each of the next five years and thereafter, excluding variable lease consideration, as of December 31, 2019, is as follows:

2020	$	3,553,867
2021		3,182,630
2022		2,785,719
2023		2,293,210
2024		1,825,869
Thereafter		4,700,660
	$	18,341,955