Property and equipment (Tables)

6 Months Ended

Jun. 30, 2020

The balance of property and equipment, net is as follows ($ in thousands):



	As of June 30,			As of December 31,
	2020			2019
Property and equipment, gross
Land, buildings and improvements	$	1,909,979		$	1,976,214
Fixtures and machinery	80,909			81,437
Furniture and other fixed assets	229,751			228,533
Construction in progress	14,850			42,083
Total property and equipment, gross	2,235,489			2,328,267
Accumulated depreciation	(430,247		)	(398,353		)
Total property and equipment, net	$	1,805,242		$	1,929,914

The following table presents our rental income for the three and six months ended June 30, 2020 and 2019 ($ in thousands):



Leases	Financial Statement Classification	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019
Operating lease income ⁽¹⁾	Non-package revenue	$	—	$	1,245



Leases	Financial Statement Classification	Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Operating lease income ⁽¹⁾	Non-package revenue	$	1,146	$	2,716

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⁽¹⁾ Includes variable lease revenue, which is typically calculated as a percentage of our tenant's net sales.