Quarterly report pursuant to Section 13 or 15(d)

TENANT LEASES

v3.22.2.2
TENANT LEASES
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
TENANT LEASES TENANT LEASESThe Company’s consolidated office properties are leased to tenants under operating leases with various expiration dates through 2038. Substantially all of the commercial leases provide for annual base rents plus recoveries and escalation charges based upon the tenant’s proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass-through of charges for electrical usage.
Future minimum rentals to be received under non-cancelable commercial operating leases (excluding properties classified as discontinued operations) at September 30, 2022 and December 31, 2021 are as follows (dollars in thousands):
Year
As of September 30, 2022
Amount
October 1 through December 31, 2022 $ 22,866
2023 89,746
2024 81,736
2025 77,367
2026 74,652
2027 and thereafter 382,352
Total $ 728,719
Year
As of December 31, 2021
Amount
2022 $ 115,256
2023 114,355
2024 98,374
2025 94,042
2026 91,297
2027 and thereafter 416,712
Total $ 930,036
Multifamily rental property residential leases are excluded from the above table as they generally expire within one year.