Quarterly report pursuant to Section 13 or 15(d)

Lease Agreements

v3.22.2.2
Lease Agreements
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lease Agreements Lease Agreements
The Company’s rental revenue primarily consists of rent earned from operating leases at the Company’s real estate properties. Leases generally include both a fixed base rent and variable component. The variable component of the leases primarily consists of the reimbursement of operating expenses such as real estate taxes, insurance, management fees, and common area maintenance costs. Leases are generally longer term and may contain extension and termination options at the lessee’s election.
The following table details the components of operating lease income from leases in which the Company is the lessor:
Successor Predecessor
Period from July 20, 2022 through September 30, 2022 Period from July 1, 2022 through July 19, 2022 Three Months Ended September 30, 2021 Period from January 1, 2022 through July 19, 2022 Nine Months Ended September 30, 2021
Fixed lease payments $ 59,492  $ 16,967  $ 82,652  $ 184,011  $ 247,387 
Variable lease payments 18,272  5,445  27,826  62,164  80,921 
Rental revenue $ 77,764  $ 22,412  $ 110,478  $ 246,175  $ 328,308