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Intangible Assets, Liabilities, and Deferred Leasing Costs (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Intangible Liabilities and Deferred Leasing Costs
The following table summarizes the Company's intangible assets, intangible liabilities, and deferred leasing costs:
As of December 31
20252024
Intangible assets:
In-place leases$289,721 $216,175 
Above-market leases16,970 16,053 
Intangible assets306,691 232,228 
Accumulated amortization:
In-place leases(104,186)(87,104)
Above-market leases(8,542)(7,704)
Accumulated amortization(112,728)(94,808)
Intangible assets, net$193,963 $137,420 
Intangible liabilities:
Below-market leases$91,953 $65,776 
Accumulated amortization(23,478)(22,879)
Intangible liabilities, net$68,475 $42,897 
Deferred leasing costs:
Leasing costs$26,410 $25,132 
Accumulated amortization(10,170)(8,993)
Deferred leasing costs, net$16,240 $16,139 
Schedule of Amortization
The following table summarizes the amortization related to intangible assets, intangible liabilities, and deferred leasing costs:
Year ended December 31
202520242023
Intangible assets:
In-place leases$36,655 $28,133 $32,179 
Above-market leases2,309 2,452 2,977 
Amortization of intangible assets$38,964 $30,585 $35,156 
Intangible liabilities:
Amortization of below-market leases$6,273 $4,879 $5,976 
Deferred leasing costs:
Amortization of deferred leasing costs$3,153 $3,213 $2,691 
Schedule of Future Amortization Expense
The following table summarizes the amortization during the next five years and thereafter related to intangible assets, intangible liabilities, and deferred leasing costs as of December 31, 2025:
Year ending December 31,In-place leasesAbove-market leasesBelow-market leasesDeferred leasing costs
2026$37,418 $2,080 $6,987 $2,628 
202729,831 1,600 6,198 2,386 
202824,941 1,236 5,705 2,109 
202919,212 868 5,271 1,852 
203015,375 737 5,082 1,583 
Thereafter58,758 1,907 39,232 5,682 
Total$185,535 $8,428 $68,475 $16,240