Annual report pursuant to Section 13 and 15(d)

Lease Agreements

v3.8.0.1
Lease Agreements
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Lease Agreements
Lease Agreements

As of December 31, 2017, we were the lessor to over 2,600 stores in our 36 consolidated outlet centers, under operating leases with initial terms that expire from 2018 to 2033. Future minimum lease receipts under non-cancelable operating leases as of December 31, 2017, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):
2018
 
$
280,644

2019
 
253,637

2020
 
231,031

2021
 
199,028

2022
 
171,083

Thereafter
 
448,227

 
 
$
1,583,650