Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases  
Schedule of aggregate annual cash to be received by the Company

The aggregate annual cash to be received by the Company on the noncancelable operating leases related to its portfolio as of March 31, 2020 is as follows for the subsequent years ended December 31:

 

 

 

 

 

2020 (nine months remaining)

    

$

58,269

2021

 

 

76,191

2022

 

 

74,498

2023

 

 

71,822

2024

 

 

65,662

Thereafter

 

 

370,621

Total

 

$

717,063

 

Schedule of aggregate cash payments to be made by the Company

The following table sets forth the undiscounted cash flows of our scheduled obligations for future lease payments on operating ground leases at March 31, 2020, and a reconciliation of those cash flows to the operating lease liability at March 31, 2020:

 

 

 

 

 

2020 (nine months remaining)

    

$

87

2021

 

 

116

2022

 

 

116

2023

 

 

120

2024

 

 

125

Thereafter

 

 

4,351

Total

 

 

4,915

Discount

 

 

(2,501)

Lease liability

 

$

2,414