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Leases (Tables)
12 Months Ended
Dec. 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 Years Ended December 31,
Lease revenue (1)202220212020
Fixed$453,907 $436,768 $404,244 
Variable126,262 116,900 104,870 
$580,169 $553,668 $509,114 
(1)Excludes lease revenue from discontinued operations of which $1.5 million, $22.3 million and $21.3 million was fixed and $527,000, $8.2 million and $5.7 million was variable for 2022, 2021 and 2020, respectively.
Sales-type leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of December 31, 2022
Year Ending December 31,Operating leasesSales-type leases
2023$443,092 $960 
2024415,914 960 
2025336,522 960 
2026269,778 960 
2027236,079 960 
Thereafter1,114,240 2,596 
Total contractual payments$2,815,625 7,396 
Less: Amount representing interest(1,730)
Net investment in sales-type leases$5,666 
Operating leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of December 31, 2022
Year Ending December 31,Operating leasesSales-type leases
2023$443,092 $960 
2024415,914 960 
2025336,522 960 
2026269,778 960 
2027236,079 960 
Thereafter1,114,240 2,596 
Total contractual payments$2,815,625 7,396 
Less: Amount representing interest(1,730)
Net investment in sales-type leases$5,666 
Right-of-Use Assets and Lease Liabilities
The table below sets forth our property right-of-use assets and property lease liabilities on our consolidated balance sheets (in thousands):
As of December 31,
LeasesBalance Sheet Location20222021
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$37,020 $38,361 
Finance leases - PropertyPrepaid expenses and other assets, net2,207 2,238 
Total right-of-use assets$39,227 $40,599 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$28,759 $29,342 
Lease Costs The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Years Ended December 31,
Lease cost202220212020
Operating lease cost
Property leases - fixedProperty operating expenses$4,114 $4,011 $2,413 
Property leases - variableProperty operating expenses65 45 127 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses31 31 34 
$4,210 $4,087 $2,574 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Years Ended December 31,
Supplemental cash flow information202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$3,355 $3,206 $1,694 
Financing cash flows for financing leases$— $14 $674 
Operating Lease, Liability, Maturity
Payments on property operating leases were due as follows (in thousands):
Year Ending December 31,
December 31, 2022
2023$3,399 
20243,451 
20251,797 
20261,578 
20271,593 
Thereafter124,341 
Total lease payments136,159 
Less: Amount representing interest(107,400)
Lease liability$28,759