Annual report pursuant to Section 13 and 15(d)

Lease Agreements

v3.6.0.2
Lease Agreements
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Lease Agreements
Lease Agreements

As of December 31, 2016, we were the lessor to over 2,600 stores in our 36 consolidated outlet centers, under operating leases with initial terms that expire from 2017 to 2033. Future minimum lease receipts under non-cancelable operating leases as of December 31, 2016, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):
2017
 
$
286,805

2018
 
256,564

2019
 
222,617

2020
 
199,932

2021
 
168,047

Thereafter
 
480,738

 
 
$
1,614,703