Leases (Tables)

6 Months Ended

Jun. 30, 2025

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 Topic 842:


(in thousands)		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Operating lease income
Fixed and in-substance fixed lease income		$	271,608				256,991			$	538,344				513,616
Variable lease income			93,762				86,082				192,141				178,372
Other lease related income, net:
Above/below market rent and tenant rent inducement amortization, net			5,731				7,441				12,481				13,264
Uncollectible straight-line rent (1)			(423	)			(811	)			(823	)			(1,210	)
Uncollectible lease income			(1,573	)			(1,858	)			(1,959	)			(3,091	)
Total lease income		$	369,105				347,845			$	740,184				700,951

(1)

The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis of accounting for certain leases.

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, 2025				December 31, 2024
Tenant receivables		$	30,166				35,306
Straight-line rent receivables			168,555				157,507
Other receivables (1)			62,103				62,682
Total tenant and other receivables		$	260,824				255,495

(1)

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