Other Assets and Intangibles, net

6 Months Ended

Jun. 30, 2026

Other assets, liabilities and intangibles consist of the following (in thousands):


	June 30, 2026
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	180,467	$	(65,721	)	$	114,746
Above-market leases		13,836		(3,943	)		9,893
Lease origination costs		40,212		(10,492	)		29,720
Tenant relationships		651		(563	)		88
Below-market leases (as lessee)		14,893		(140	)		14,753
Total intangible assets, net	$	250,059	$	(80,859	)	$	169,200
Other assets:
Prepaid expenses							3,165
Other assets(A)							10,035
Deposits							739
Swap receivable							1,859
Deferred charges, net							2,276
Total other assets						$	18,074
	Liability		Accumulated Amortization			Net
Below-market leases, net	$	94,426	$	(15,480	)	$	78,946

(A)

Includes $8.4 million of acquisition escrow deposits.


	December 31, 2025
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	141,231	$	(49,660	)	$	91,571
Above-market leases		10,645		(3,067	)		7,578
Lease origination costs		31,387		(7,911	)		23,476
Tenant relationships		651		(551	)		100
Below-market leases (as lessee)		14,893		(105	)		14,788
Total intangible assets, net	$	198,807	$	(61,294	)	$	137,513
Other assets:
Prepaid expenses							1,143
Other assets(A)							4,864
Deposits							1,470
Deferred charges, net							2,782
Total other assets						$	10,259
	Liability		Accumulated Amortization			Net
Below-market leases, net	$	78,781	$	(12,083	)	$	66,698

(A)

Includes $3.3 million of acquisition escrow deposits.

Amortization for the three and six months ended June 30, 2026 and 2025 related to the Company’s intangibles, excluding below-market leases (as lessee), was as follows (in thousands):


Year	Income		Expense
Three months ended June 30, 2026	$	1,586	$	10,404
Three months ended June 30, 2025		1,029		5,309
Six months ended June 30, 2026		3,263		19,925
Six months ended June 30, 2025		1,959		9,719