Annual report pursuant to Section 13 and 15(d)

Lease Agreements

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Lease Agreements
 12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Lease Agreements
Lease Agreements

We are the lessor to over 2,400 stores in our 37 consolidated outlet centers, under operating leases with initial terms that expire from 2014 to 2032. Future minimum lease receipts under non-cancellable operating leases as of December 31, 2013, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):

2014
 
$
237,215

2015
 
217,055

2016
 
188,601

2017
 
158,404

2018
 
123,830

Thereafter
 
331,274

 
 
$
1,256,379