XML 40 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

Other Assets, Net and Accounts Payable and Other Liabilities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Other Assets and Other Liabilities | Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Other Assets, Net: |  |  |  |  |  |
Lease intangibles, net (Note 6) |  | $ | 123,307 |  |  | $ | 86,853 |
Derivative financial instruments (Note 8) |  |  | 19,490 |  |  |  | 31,145 |
Deferred charges, net (A) |  |  | 39,589 |  |  |  | 39,189 |
Accrued interest receivable (Note 3) |  |  | 33,866 |  |  |  | 32,154 |
Prepaid expenses |  |  | 12,808 |  |  |  | 15,448 |
Due from seller |  |  | 2,259 |  |  |  | 2,343 |
Income taxes receivable |  |  | 1,672 |  |  |  | 1,475 |
Deposits |  |  | 610 |  |  |  | 12,074 |
Corporate assets, net |  |  | 499 |  |  |  | 563 |
Other receivables |  |  | 2,885 |  |  |  | 2,523 |
|  | $ | 236,985 |  |  | $ | 223,767 |
(A) Deferred Charges, Net: |  |  |  |  |  |
Deferred leasing and other costs (a) |  | $ | 85,235 |  |  | $ | 82,770 |
Deferred financing costs related to line of credit |  |  | 13,889 |  |  |  | 13,889 |
|  |  | 99,124 |  |  |  | 96,659 |
Accumulated amortization |  |  | (59,535 | ) |  |  | (57,470 | )
Deferred charges, net |  | $ | 39,589 |  |  | $ | 39,189 |
Accounts Payable and Other Liabilities: |  |  |  |  |  |
Lease intangibles, net (Note 6) |  | $ | 98,356 |  |  | $ | 77,534 |
Accounts payable and accrued expenses |  |  | 69,774 |  |  |  | 68,354 |
Deferred income |  |  | 30,191 |  |  |  | 39,351 |
Tenant security deposits, escrow and other |  |  | 15,905 |  |  |  | 14,515 |
Lease liability - finance leases, net (Note 11) |  |  | 31,619 |  |  |  | 31,374 |
Derivative financial instruments (Note 8) |  |  | 1,859 |  |  |  | 1,598 |
|  | $ | 247,704 |  |  | $ | 232,726 |
(a) At March 31, 2025 and December 31, 2024, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements of $4.5 million and $4.1 million, respectively, which are amortized on a straight-line basis over the terms of the related leases.

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, classified as other. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration