v3.26.3
Revenue Recognition Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2026
Revenue Recognition [Abstract]  
Operating Leases, Lease Income Details
Details of the Company's income from real estate for the three and nine months ended September 30, 2026 were as follows (in thousands):
Three Months Ended September 30, 2026Nine Months Ended September 30, 2026
Building base rent $347,863 $1,016,106 
Land base rent49,734 149,033 
Percentage rent and other rental revenue17,405 53,384 
Interest income on real estate loans7,652 22,199 
Total cash income$422,654 $1,240,722 
Straight-line rent adjustments(4,326)(6,252)
Ground rent in revenue9,747 29,370 
Accretion on financing receivables7,374 22,113 
Total income from real estate$435,449 $1,285,953 
Schedule of future minimum lease payments receivable from operating leases
As of September 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)$350,290 $10,727 $3,905 $364,922 
20271,403,987 40,078 15,154 1,459,219 
20281,377,737 40,748 15,036 1,433,521 
20291,345,851 38,500 15,036 1,399,387 
20301,352,238 32,112 15,043 1,399,393 
Thereafter4,411,649 (23,766)58,508 4,446,391 
Total$10,241,752 $138,399 $122,682 $10,502,833 
(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 Lease as the facility is under development and as such is not ready for its intended use.