Lease Income

12 Months Ended

Dec. 31, 2021

Lease Income

Lease Income

9. Lease Income

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 including negative variable lease income as discussed in Note 3.

	For the Year Ended
	December 31,
	2021		2020		2019
Fixed lease income	$	3,701,991	$	3,871,395	$	4,293,401
Variable lease income		1,034,728		430,972		950,370
Total lease income	$	4,736,719	$	4,302,367	$	5,243,771

Tenant receivables and accrued revenue in the accompanying consolidated balance sheets includes straight-line receivables of $568.7 million and $597.6 million at December 31, 2021 and 2020, respectively.

Minimum fixed lease consideration under non-cancelable tenant operating leases for each of the next five years and thereafter, excluding variable lease consideration and amounts deferred in relation to the COVID-19 pandemic, which with respect to deferrals are expected to be collected primarily in 2022 and 2023, as of December 31, 2021, is as follows:

2022	$	3,098,505
2023		2,611,384
2024		2,082,985
2024		1,650,164
2025		1,252,534
Thereafter		3,291,874
	$	13,987,446