Annual report pursuant to Section 13 and 15(d)

Lease Agreements

v2.4.1.9
Lease Agreements
12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Lease Agreements
Lease Agreements

We are the lessor to over 2,400 stores in our 36 consolidated outlet centers, under operating leases with initial terms that expire from 2015 to 2032. Future minimum lease receipts under non-cancellable operating leases as of December 31, 2014, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):

2015
 
$
243,870

2016
 
219,461

2017
 
190,130

2018
 
156,436

2019
 
119,864

Thereafter
 
359,049

 
 
$
1,288,810