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Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
3 Months Ended
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Deferred Costs, Net
Deferred costs, net, consisted of the following:
(amounts in thousands)March 31, 2025December 31, 2024
Deferred leasing costs$220,044 $230,836 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs137,597 137,580 
Acquired above-market leases19,589 19,636 
Total deferred costs, excluding deferred financing costs377,230 388,052 
Less: accumulated amortization(204,207)(212,972)
Total deferred costs, net, excluding net deferred financing costs173,023 175,080 
Deferred financing costs, net, of accumulated amortization of $8,313 and $7,783, respectively (See Note 5)
8,779 8,907 
Total deferred costs, net$181,802 $183,987 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)
March 31, 2025December 31, 2024
Deferred financing costs, included as a component of net debt$32,225 $36,309 
Deferred financings costs, included as a component of net deferred costs (See Note 4)17,092 16,638 
Total deferred financing costs$49,317 $52,947 
Less: accumulated amortization(30,977)(33,970)
Total deferred financing costs, net$18,340 $18,977 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands)March 31, 2025December 31, 2024
Acquired below-market ground leases$396,916 $396,916 
Less: accumulated amortization(85,464)(83,506)
Acquired below-market ground leases, net$311,452 $313,410 
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)March 31, 2025December 31, 2024
Acquired below-market leases$(56,359)$(56,359)
Less: accumulated amortization38,053 36,862 
Acquired below-market leases, net$(18,306)$(19,497)
Schedule of Amortization Related to Deferred Costs and Acquired Lease Intangibles
The total amortization related to deferred costs and acquired lease intangibles consisted of the following:
Three Months Ended March 31,
(amounts in thousands)20252024
Rental revenue:
Amortization of below-market leases, net of above-market leases$798 $514 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs5,369 5,787 
Amortization related to acquired in-place lease value1,408 1,286