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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Operating Lease, Lease Income

The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842:

 

(in thousands)

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease income

 

 

 

 

 

 

 

 

 

 

 

 

Fixed and in-substance fixed lease income

 

$

220,191

 

 

 

211,838

 

 

$

439,831

 

 

 

419,340

 

Variable lease income

 

 

74,337

 

 

 

67,890

 

 

 

155,118

 

 

 

139,916

 

Other lease related income, net:

 

 

 

 

 

 

 

 

 

 

 

 

Above/below market rent and tenant rent inducement amortization, net

 

 

8,751

 

 

 

5,613

 

 

 

14,616

 

 

 

11,302

 

Uncollectible straight-line rent

 

 

1,522

 

 

 

2,623

 

 

 

2,100

 

 

 

4,905

 

Uncollectible amounts billable in lease income

 

 

(343

)

 

 

4,900

 

 

 

1,594

 

 

 

11,046

 

Total lease income

 

$

304,458

 

 

 

292,864

 

 

$

613,259

 

 

 

586,509

 

 

Components Of Tenant And Other Receivables

The following table represents the components of Tenant and other receivables, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets:

 

(in thousands)

 

June 30, 2023

 

 

December 31, 2022

 

Tenant receivables

 

$

28,239

 

 

 

31,486

 

Straight-line rent receivables

 

 

133,690

 

 

 

128,214

 

Other receivables (1)

 

 

44,124

 

 

 

29,163

 

Total tenant and other receivables

 

$

206,053

 

 

 

188,863

 

(1)
Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction, and other fee income.