v3.26.1
Rental Income and Future Minimum Rent
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Rental Income and Future Minimum Rent Rental Income and Future Minimum Rent
The table below sets forth the allocation of rental income between fixed and variable lease payments and net collectability considerations:
Three Months Ended March 31,
20262025
(in thousands)
Fixed lease payments$219,393 $221,015 
Variable lease payments46,675 46,420 
Impact from tenant creditworthiness considerations (1)
(738)(1,191)
Total rental income$265,330 $266,244 
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(1)Represents reserve adjustments to rental income related to our assessment of the collectability of amounts due under leases with our tenants, including recognition of deferred rent balances associated with tenants moved to / restored from a cash basis of revenue recognition and allowances for uncollectible receivables.

We have operating leases with tenants that expire at various dates through 2050 and may be subject to scheduled fixed increases and future renewal options. Leases may also provide for reimbursements of certain property-related operating expenses. Future contractual minimum rent under operating leases, which includes amounts contractually due from leases that are on a cash basis of reporting due to tenant creditworthiness considerations, as of March 31, 2026, for future periods, is summarized as follows:
Year Ending(in thousands)
Remaining 2026$581,936 
2027780,703 
2028756,052 
2029678,137 
2030595,219 
2031487,744 
Thereafter1,603,242 
Total (1)
$5,483,033 
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(1)Excludes residential leases and leases with an initial term of one year or less.