Rental and Other Revenues; Rental Property and Other Expenses

12 Months Ended

Dec. 31, 2015

Rental and Other Revenues; Rental Property And Other Expenses [Abstract]

Rental and Other Revenues; Rental Property and Other Expenses

Rental and Other Revenues; Rental Property and Other Expenses

Our real estate assets are leased to customers under operating leases. The minimum rental amounts under the leases are generally subject to scheduled fixed increases. Generally, the leases also provide that we receive cost recovery income from customers for increases in certain costs above the costs incurred during a contractually specified base year. The following table sets forth our rental and other revenues from continuing operations:

	Year Ended December 31,
	2015			2014			2013
Contractual rents, net	$	513,909		$	476,684		$	437,855
Straight-line rental income, net	22,054			21,045			16,653
Amortization of lease incentives	(1,493		)	(1,419		)	(1,361		)
Cost recovery income, net	45,247			39,112			31,869
Lease termination fees	990			658			1,436
Fee income	3,717			3,313			5,282
Other miscellaneous operating revenues	20,247			16,478			13,274
	$	604,671		$	555,871		$	505,008

The following table sets forth our scheduled future minimum base rents to be received from customers for leases in effect at December 31, 2015 for the properties that we wholly own:

2016	$	566,672
2017	539,352
2018	502,547
2019	437,797
2020	362,295
Thereafter	1,304,530
	$	3,713,193

The following table sets forth our rental property and other expenses from continuing operations:

	Year Ended December 31,
	2015		2014		2013
Utilities, insurance and real estate taxes	$	117,470	$	113,226	$	101,036
Maintenance, cleaning and general building	79,091		74,109		67,319
Property management and administrative expenses	12,446		12,093		11,515
Other miscellaneous operating expenses	6,934		6,456		4,317
	$	215,941	$	205,884	$	184,187