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Lease Agreements (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of rental revenues
For the years ended December 31, 2022, 2021 and 2020, the components of rental revenues are as follows (in thousands):
202220212020
Rental revenues - fixed$319,219 $298,095 $289,676 
Rental revenues - variable (1)
102,200 109,671 88,256 
Rental revenues$421,419 $407,766 $377,932 
(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, 2022, excluding the effect of straight-line rent and variable rentals, are as follows (in thousands) :
2023$238,442 
2024196,263 
2025152,185 
2026117,491 
202787,086 
Thereafter199,689 
$991,156 
Components of lease costs
For the years ended December 31, 2022, 2021 and 2020, the components of lease costs are as follows (in thousands):
202220212020
Operating lease costs$5,495 $5,511 $5,531 
Short-term lease costs1,330 1,465 2,511 
Variable lease costs (1)
948 276 295 
Total lease costs$7,773 $7,252 $8,337 
(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:
2022
Weighted - average remaining lease term (years)48.29
Weighted - average discount rate5.0 %
Supplemental cash flow information
Cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 was as follows (in thousands):
December 31, 2022December 31, 2021December 31, 2020
Operating cash outflows related to operating leases$5,669 $5,613 $5,568 
Maturity of lease liabilities
Maturities of lease liabilities as of December 31, 2022 for the next five years and thereafter are as follows (in thousands):
2023$5,709 
20245,765 
20255,816 
20265,854 
20275,893 
Thereafter209,270 
Total lease payments$238,307 
Less imputed interest150,779 
Present value of lease liabilities$87,528