Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Summary of lease income

The following table includes information regarding the Company’s operating leases for which it is the lessor, for the three months ended March 31, 2020 and March 31, 2019. (presented in thousands)

	Three Months Ended
	March 31, 2020		March 31, 2019
Total Lease Payments	$	58,096	$	44,361
Less: Variable Lease Payments		6,893		5,587
Total Non-Variable Lease Payments	$	51,203	$	38,774

Summary of lease income to be received

	2020
Year Ending December 31,	(remaining)		2021		2022		2023		2024		Thereafter		Total
Future Lease Payments	$	156,517	$	207,101	$	204,054	$	199,560	$	190,660	$	1,168,190	$	2,126,082

Summary of lease costs

The following tables include information on the Company’s land leases for which it is the lessee, for the three months ended March 31, 2020 and March 31, 2019. (presented in thousands)

	Three Months Ended
	March 31, 2020			March 31, 2019
Operating Lease Costs	$	324		$	202
Variable Lease Costs		—			—
Total Non-Variable Lease Costs	$	324		$	202
Supplemental Disclosure
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—		$	19,672
Right-of-use assets removed in exchange for real property		—			—
Right-of-use assets net change	$	—		$	19,672
Operating cash outflows on operating leases	$	267		$	198
Weighted-average remaining lease term - operating leases (years)		38.2			37.1
Weighted-average discount rate - operating leases		4.13	%		4.13	%

Summary of maturity analysis of lease liabilities

Maturity Analysis of Lease Liabilities (presented in thousands)

	2020
Year Ending December 31,	(remaining)		2021		2022		2023		2024		Thereafter		Total
Lease Payments	$	802	$	1,015	$	789	$	789	$	789	$	30,583	$	34,767
Imputed Interest		(495)		(645)		(634)		(628)		(621)		(15,634)		(18,657)
Total Lease Liabilities	$	307	$	370	$	155	$	161	$	168	$	14,949	$	16,110