v3.25.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
LEASES [Abstract]  
Schedule of operating lease income

The following table summarizes the Company’s rental income:

Year Ended December 31,

2025

2024

2023

(in thousands)

Fixed income from operating leases

$

985,894

$

871,189

$

811,123

Variable income from operating leases

15,891

15,718

14,257

Interest income from direct financing leases

180

1,003

1,014

Total rental income

$

1,001,965

$

887,910

$

826,394

Schedule of estimated contractual rent receivables under operating leases

The following amounts reflect the future minimum lease payments due to us for the remainder of the initial terms of our operating leases as of December 31, 2025:

(in thousands)

2026

$

1,034,973

2027

1,030,128

2028

1,010,023

2029

1,003,679

2030

989,436

Thereafter

6,937,245

Total

$

12,005,484

Schedule of summarized balance sheet information related to leases

The following table summarizes the balance sheet information related to leases where the Company is a lessee:

December 31,

December 31,

2025

2024

(in thousands)

Other assets - right of use assets

$

27,283

$

28,302

Accrued expenses and other liabilities – lease liabilities

$

29,512

$

30,328