Douglas Emmett Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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Mar 31, 2024 · Filed May 10, 2024
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Future Minimum Lease Rental Receipts
- Future Minimum Lease Rental Receipts
We lease space to tenants primarily under non-cancelable operating leases that generally contain provisions for a base rent plus reimbursement of certain operating expenses, and we own fee interests intwo parcels of land from which we receive rent under ground leases. The table below presents the future minimum base rentals on our non-cancelable office tenant and ground leases for our consolidated properties at March 31, 2024:
| Twelve months ending March 31: | (In thousands) |
|---|---|
| 2025 | $595,336 |
| 2026 | 501,098 |
| 2027 | 403,764 |
| 2028 | 326,721 |
| 2029 | 252,824 |
| Thereafter | 927,938 |
| Total future minimum base rentals(1) | $3,007,681 |
(1) Does not include (i) residential leases, which typically have a term ofone year or less, (ii) holdover rent, (iii) other types of rent such as storage and antenna rent, (iv) tenant reimbursements, (v) straight-line rent, (vi) amortization/accretion of acquired above/below-market lease intangibles and (vii) percentage rents. The amounts assume that early termination options held by tenants will not be exercised.
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