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Leases (Tables)
9 Months Ended
Sep. 30, 2020
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 September 30,

 

 

Nine months ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed and in-substance fixed lease income

 

$

200,020

 

 

 

204,686

 

 

$

607,429

 

 

 

607,758

 

Variable lease income

 

 

60,535

 

 

 

59,872

 

 

 

186,952

 

 

 

185,317

 

Other lease related income, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

7,811

 

 

 

11,086

 

 

 

31,107

 

 

 

31,334

 

Uncollectible straight line rent

 

 

(7,678

)

 

 

(1,279

)

 

 

(27,867

)

 

 

(5,060

)

Uncollectible amounts billable in lease income

 

 

(26,147

)

 

 

(2,222

)

 

 

(65,991

)

 

 

(3,667

)

Total lease income

 

$

234,541

 

 

 

272,143

 

 

$

731,630

 

 

 

815,682

 

Components Of Tenant And Other Receivables

The following table represents the components of Tenant and other receivables in the accompanying Consolidated Balance Sheets:

 

(in thousands)

 

September 30, 2020

 

 

December 31, 2019

 

Tenant receivables (1)

 

$

50,290

 

 

$

35,526

 

Straight-line rent receivables

 

 

91,019

 

 

 

107,087

 

Other receivables (2)

 

 

17,828

 

 

 

26,724

 

Total tenant and other receivables

 

$

159,137

 

 

$

169,337

 

 

(1)

Tenant receivables include $15.5 million of lease payments due under rent deferral agreements executed as of September 30, 2020.  

 

(2)

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