Annual report pursuant to Section 13 and 15(d)

Lease Agreements

v3.3.1.900
Lease Agreements
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Lease Agreements
Lease Agreements

As of December 31, 2015, we were the lessor to over 2,400 stores in our 34 consolidated outlet centers, under operating leases with initial terms that expire from 2016 to 2032. Future minimum lease receipts under non-cancellable operating leases as of December 31, 2015, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):
2016
 
$
264,249

2017
 
240,284

2018
 
208,880

2019
 
174,269

2020
 
152,380

Thereafter
 
453,760

 
 
$
1,493,822