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Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Operating Lease Revenue Recognized The table below sets forth our composition of lease revenue recognized between fixed and variable lease revenue (in thousands):
For the Three Months Ended March 31,
Lease revenue (1)20222021
Fixed$111,167 $106,935 
Variable 30,222 30,355 
$141,389 $137,290 
(1)Excludes lease revenue from discontinued operations of which $1.5 million and $5.5 million was fixed and $527,000 and $1.8 million was variable for the three months ended March 31, 2022 and 2021, respectively.
Sales-type Leases Fixed Contractual Payments Due
Fixed contractual payments due under our property leases were as follows (in thousands):

As of March 31, 2022
Year Ending December 31,Operating leasesSales-type leases
2022 (1)$329,371 $720 
2023412,129 960 
2024363,829 960 
2025276,356 960 
2026212,571 960 
Thereafter1,032,507 3,556 
Total contractual payments$2,626,763 8,116 
Less: Amount representing interest(2,051)
Net investment in sales-type leases$6,065 
(1)Represents the nine months ending December 31, 2022.
Operating Leases Fixed Contractual Payments Due
Fixed contractual payments due under our property leases were as follows (in thousands):

As of March 31, 2022
Year Ending December 31,Operating leasesSales-type leases
2022 (1)$329,371 $720 
2023412,129 960 
2024363,829 960 
2025276,356 960 
2026212,571 960 
Thereafter1,032,507 3,556 
Total contractual payments$2,626,763 8,116 
Less: Amount representing interest(2,051)
Net investment in sales-type leases$6,065 
(1)Represents the nine months ending December 31, 2022.
Right-of-Use Assets and Lease Liabilities Our property right-of-use assets consisted of the following (in thousands):
LeasesBalance Sheet LocationMarch 31, 2022December 31, 2021
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$38,566 $38,361 
Finance leases - PropertyPrepaid expenses and other assets, net2,230 2,238 
Total right-of-use assets$40,796 $40,599 

Our property lease liabilities reported on our consolidated balance sheets consisted of the following (in thousands):
LeasesBalance Sheet LocationMarch 31, 2022December 31, 2021
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$29,729 $29,342 
Lease Costs The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Three Months Ended March 31,
Lease cost20222021
Operating lease cost
Property leases - fixedProperty operating expenses$1,019 $973 
Property leases - variableProperty operating expenses16 10 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses8 9 
$1,043 $992 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Three Months Ended March 31,
Supplemental cash flow information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$837 $782 
Operating Lease, Liability, Maturity
Payments on property operating leases were due as follows (in thousands):
Year Ending December 31,
March 31, 2022
2022 (1)$2,518 
20233,399 
20243,451 
20251,797 
20261,578 
Thereafter125,934 
Total lease payments138,677 
Less: Amount representing interest(108,948)
Lease liability$29,729 
(1)Represents the nine months ending December 31, 2022.