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Lessor Operating Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lessor Operating Leases Lessor Operating Leases
At March 31, 2024, we owned or held interests in 15,485 properties. Of the 15,485 properties, 15,189, or 98.1%, are single-client properties, and the remaining are multi-client properties. At March 31, 2024, 217 properties were available for lease or sale. The majority of our leases are accounted for as operating leases.
The vast majority of our leases are net leases where our client pays or reimburses us for property taxes and assessments and carries insurance coverage for public liability, property damage, fire, and extended coverage.
Rent based on a percentage of our client's gross sales, or percentage rent, for the three months ended March 31, 2024, and 2023 was $5.3 million, and $4.1 million, respectively.
No individual client’s rental revenue, including percentage rents, represented more than 10% of our total revenue for each of the three months ended March 31, 2024, and 2023.