Future Minimum Lease Rental Receipts

6 Months Ended

Jun. 30, 2018

Operating Leases, Future Minimum Payments Receivable [Abstract]

We lease space to tenants primarily under non-cancelable operating leases that generally contain provisions for a base rent plus reimbursement of certain operating expenses, and we own fee interests in two parcels of land from which we receive rent under ground leases. The table below presents the future minimum base rentals on our non-cancelable office tenant and ground leases at June 30, 2018:



Twelve months ending June 30:	(In thousands)

2019	$	563,563
2020	527,436
2021	456,384
2022	364,772
2023	291,970
Thereafter	670,467
Total future minimum base rentals⁽¹⁾	$	2,874,592

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(1)

Does not include (i) residential leases, which typically have a term of one year or less, (ii) holdover rent, (iii) other types of rent such as storage and antenna rent, (iv) tenant reimbursements, (v) straight- line rent, (vi) amortization/accretion of acquired above/below-market lease intangibles and (vii) percentage rents. The amounts assume that early termination options held by tenants are not exercised.