v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Operating Leases
Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:
As of June 30, 2026
Remaining 2026$122,888 
2027233,688 
2028208,185 
2029177,125 
2030148,436 
Thereafter550,802 
Total$1,441,124 
The foregoing table includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to fifty-four years.
The following table presents the disaggregation of lease income, net:
Three months ended June 30Six months ended June 30
2026202520262025
Minimum base rent$53,465 $47,158 $104,916 $94,224 
Real estate tax recoveries9,187 9,394 18,391 17,993 
Common area maintenance, insurance, and other recoveries10,434 9,110 20,772 18,509 
Ground rent income5,855 5,002 11,660 10,078 
Amortization of market-lease intangibles and inducements, net1,693 1,089 3,951 1,984 
Short-term and other lease income966 808 2,257 2,225 
Termination fee income31 48 833 58 
Straight-line rent adjustments, net1,002 844 2,180 1,738 
Provision for estimated credit losses(290)(323)(507)(290)
Lease income, net$82,343 $73,130 $164,453 $146,519