v3.26.1
Revenue Recognition Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue Recognition [Abstract]  
Operating Leases, Lease Income Details
Details of the Company's income from real estate for the three and six months ended June 30, 2026 was as follows (in thousands):
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Building base rent $339,692 $668,243 
Land base rent49,649 99,299 
Percentage rent and other rental revenue17,712 35,979 
Interest income on real estate loans7,624 14,547 
Total cash income$414,677 $818,068 
Straight-line rent adjustments(1,455)(1,926)
Ground rent in revenue9,970 19,623 
Accretion on financing receivables7,327 14,739 
Total income from real estate$430,519 $850,504 
Schedule of future minimum lease payments receivable from operating leases
As of June 30, 2026, the future minimum rental income from the Company's rental properties under non-cancelable operating leases, including any reasonably assured renewal periods, was as follows (in thousands):
Year ending December 31,Future Rental Payments ReceivableStraight-Line Rent Adjustments (1)Future Base Ground Rents ReceivableFuture Income to be Recognized Related to Operating Leases
2026 (remainder of year)$699,462 $26,462 $7,810 $733,734 
20271,403,987 47,860 15,154 1,467,001 
20281,377,737 40,460 15,036 1,433,233 
20291,345,851 34,176 15,036 1,395,063 
20301,352,238 27,789 15,043 1,395,070 
Thereafter4,411,649 (25,206)58,508 4,444,951 
Total$10,590,924 $151,541 $126,587 $10,869,052 
(1)    Includes a tenant improvement allowance that is being amortized over the life of a tenant lease and excludes deferred income on the Bally's Chicago Land Lease as the facility is under development and as such is not ready for its intended use.