Annual report pursuant to Section 13 and 15(d)

Lease Agreements

v2.4.0.6
Lease Agreements
 12 Months Ended
Dec. 31, 2012
Leases [Abstract]  
Lease Agreements
Lease Agreements

We are the lessor of over 2,300 stores in our 36 consolidated outlet centers, under operating leases with initial terms that expire from 2013 to 2032. Future minimum lease receipts under non-cancellable operating leases as of December 31, 2012, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):

2013
 
$
207,650

2014
 
181,391

2015
 
159,730

2016
 
131,306

2017
 
101,993

Thereafter
 
231,946

 
 
$
1,014,016