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Lease Agreements (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of rental revenues
For the years ended December 31, 2021, 2020 and 2019, the components of rental revenues are as follows (in thousands):
202120202019
Rental revenues - fixed$298,095 $289,676 $360,513 
Rental revenues - variable (1)
109,671 88,256 103,433 
Rental revenues$407,766 $377,932 $463,946 
(1)Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.
Future minimum lease receipts under non-cancelable operating leases
Future minimum lease receipts under non-cancelable operating leases as of December 31, 2021, excluding the effect of straight-line rent and variable rentals, are as follows (in thousands) :
2022$247,030 
2023214,861 
2024177,553 
2025136,911 
202697,990 
Thereafter167,935 
$1,042,280 
Components of lease costs
For the years ended December 31, 2021, 2020 and 2019, the components of lease costs are as follows (in thousands):
202120202019
Operating lease costs$5,511 $5,531 $5,519 
Short-term lease costs1,465 2,511 2,297 
Variable lease costs (1)
276 295 231 
Total lease costs$7,252 $8,337 $8,047 
(1)Our variable lease costs relate to our ground leases where increases in payments are based on center financial performance.
Lease term and discount rates The lease term and discount rates are as follows:
2021
Weighted - average remaining lease term (years)48.81
Weighted - average discount rate5.0 %
Supplemental cash flow information
Cash flow information related to leases for the years ended December 31, 2021, 2020 and 2019 was as follows (in thousands):
December 31, 2021December 31, 2020December 31, 2019
Operating cash outflows related to operating leases$5,613 $5,568 $5,569 
Maturity of lease liabilities
Maturities of lease liabilities as of December 31, 2021 for the next five years and thereafter are as follows (in thousands):
2022$5,669 
20235,709 
20245,765 
20255,816 
20265,854 
Thereafter215,205 
Total lease payments$244,018 
Less imputed interest155,144 
Present value of lease liabilities$88,874