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Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
3 Months Ended
Mar. 31, 2026
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, 2026December 31, 2025
Deferred leasing costs$228,410 $227,722 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs184,780 190,570 
Acquired above-market leases57,479 57,569 
Total deferred costs, excluding deferred financing costs470,669 475,861 
Less: accumulated amortization(214,682)(214,917)
Total deferred costs, net, excluding net deferred financing costs255,987 260,944 
Deferred financing costs, net, of accumulated amortization of $10,429 and $9,900, respectively (See Note 5)
6,225 6,738 
Total deferred costs, net$262,212 $267,682 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)March 31, 2026December 31, 2025
Deferred financing costs, included as a component of net debt$16,778 $17,207 
Deferred financing costs, included as a component of net deferred costs (See Note 4)16,654 16,638 
Total deferred financing costs$33,432 $33,845 
Less: accumulated amortization(15,137)(15,228)
Total deferred financing costs, net$18,295 $18,617 
The total amortization expense related to deferred financing costs consisted of the following:
Three Months Ended March 31,
(amounts in thousands)20262025
Amortization of deferred financing costs$1,262 $1,094 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands)March 31, 2026December 31, 2025
Acquired below-market ground leases$396,916 $396,916 
Less: accumulated amortization(93,295)(91,337)
Acquired below-market ground leases, net$303,621 $305,579 
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)March 31, 2026December 31, 2025
Acquired below-market leases$(63,802)$(81,539)
Less: accumulated amortization25,854 41,772 
Acquired below-market leases, net$(37,948)$(39,767)
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)20262025
Rental revenue:
Amortization of below-market leases, net of above-market leases$670 $798 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs4,920 5,369 
Amortization related to acquired in-place lease value2,399 1,408