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v3.25.1

Deferred Charges and Other Assets, net | 3 Months Ended
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Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Charges and Other Assets, net | Deferred charges and other assets, net consist of the following:
| March 31, 2025 |  | December 31, 2024
Leasing | $ | 69,934 |  |  | $ | 69,077 |
Intangible assets: |  |  |
In-place lease values | 141,934 |  |  | 142,979 |
Leasing commissions and legal costs | 27,388 |  |  | 27,676 |
Above-market leases | 74,181 |  |  | 74,712 |
Deferred tax assets | 26,146 |  |  | 25,324 |
Deferred compensation plan assets | 67,828 |  |  | 69,031 |
Other assets | 46,913 |  |  | 48,771 |
| 454,324 |  |  | 457,570 |
Less accumulated amortization(1) | (107,905) |  |  | (88,017) |
| $ | 346,419 |  |  | $ | 369,553 |
(1) Accumulated amortization includes $50,200 and $33,883 relating to in-place lease values, leasing commissions and legal costs at March 31, 2025 and December 31, 2024, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $17,641 and $1,776 for the three months ended March 31, 2025 and 2024, respectively. The allocated values of above-market leases and below-market leases consist of the following:
| March 31, 2025 |  | December 31, 2024
Above-Market Leases |  |  |
Original allocated value | $ | 74,181 |  |  | $ | 74,712 |
Less accumulated amortization | (28,887) |  |  | (26,173) |
| $ | 45,294 |  |  | $ | 48,539 |
Below-Market Leases(1) |  |  |
Original allocated value | $ | 110,369 |  |  | $ | 114,150 |
Less accumulated amortization | (36,798) |  |  | (36,338) |
| $ | 73,571 |  |  | $ | 77,812 |
(1) Below-market leases are included in other accrued liabilities.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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