Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of weighted-average remaining lease terms and discount rates
The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of December 31, 2022 are as follows:
December 31, 2022
Weighted-average remaining lease term
Real estate leasehold interests 26 years
Office leases 5 years
Solar Panels 20 years
Weighted-average remaining discount rate
Real estate leasehold interests 4.9  %
Office leases 3.8  %
Solar Panels 4.3  %
Schedule of future minimum lease payments under operating leases
As of December 31, 2022, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31, Real Estate Leasehold Interests Office Leases Solar Panels Total
2023 $ 1,464  $ 430  $ 150  $ 2,044 
2024 1,470  450  150  2,070 
2025 1,521  456  154  2,131 
2026 1,549  429  165  2,143 
2027 1,567  97  165  1,829 
2028 through 2092 32,091  97  3,177  35,365 
Total lease payments $ 39,662  $ 1,959  $ 3,961  $ 45,582 
Less imputed interest (18,259) (189) (1,393) (19,841)
Total $ 21,403  $ 1,770  $ 2,568  $ 25,741 
As of December 31, 2021, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31, Real Estate Leasehold Interests Office Leases Total
2022 $ 1,459  $ 465  $ 1,924 
2023 1,464  430  1,894 
2024 1,470  450  1,920 
2025 1,521  456  1,977 
2026 1,549  429  1,978 
2027 through 2092 33,657  195  33,852 
Total lease payments $ 41,120  $ 2,425  $ 43,545 
Less imputed interest (19,326) (238) (19,564)
Total $ 21,794  $ 2,187  $ 23,981