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Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 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) | June 30, 2026 |  | December 31, 2025
Deferred leasing costs | $ | 220,968 |  |  | $ | 227,722 |
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs | 180,788 |  |  | 190,570 |
Acquired above-market leases | 54,340 |  |  | 57,569 |
Total deferred costs, excluding deferred financing costs | 456,096 |  |  | 475,861 |
Less: accumulated amortization | (204,126) |  |  | (214,917) |
Total deferred costs, net, excluding net deferred financing costs | 251,970 |  |  | 260,944 |
Deferred financing costs, net, of accumulated amortization of $10,958 and $9,900, respectively (See Note 5) | 6,196 |  |  | 6,738 |
Total deferred costs, net | $ | 258,166 |  |  | $ | 267,682 |
Deferred financing costs, net, consisted of the following:
(amounts in thousands) |  | June 30, 2026 |  | December 31, 2025
Deferred financing costs, included as a component of net debt |  | $ | 12,447 |  |  | $ | 17,207 |
Deferred financing costs, included as a component of net deferred costs (See Note 4) |  | 17,154 |  |  | 16,638 |
Total deferred financing costs |  | $ | 29,601 |  |  | $ | 33,845 |
Less: accumulated amortization |  | (14,222) |  |  | (15,228) |
Total deferred financing costs, net |  | $ | 15,379 |  |  | $ | 18,617 |
The total amortization expense related to deferred financing costs consisted of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(amounts in thousands) | 2026 |  | 2025 |  | 2026 |  | 2025
Amortization of deferred financing costs | $ | 1,111 |  |  | $ | 1,080 |  |  | $ | 2,373 |  |  | $ | 2,174 |
Schedule of Amortizing Acquired Intangible Assets and Liabilities | Acquired below-market leases, net, consisted of the following:
(amounts in thousands) | June 30, 2026 |  | December 31, 2025
Acquired below-market leases | $ | (63,802) |  |  | $ | (81,539) |
Less: accumulated amortization | 27,377 |  |  | 41,772 |
Acquired below-market leases, net | $ | (36,425) |  |  | $ | (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 June 30, |  | Six Months Ended June 30,
(amounts in thousands) | 2026 |  | 2025 |  | 2026 |  | 2025
Rental revenue: |  |  |  |  |  |  |
Amortization of below-market leases, net of above-market leases | $ | 384 |  |  | $ | 840 |  |  | $ | 1,054 |  |  | $ | 1,638 |
Depreciation and amortization: |  |  |  |  |  |  |
Amortization of deferred leasing costs and acquired deferred leasing costs | 4,751 |  |  | 5,128 |  |  | 9,671 |  |  | 10,497 |
Amortization related to acquired in-place lease value | 2,285 |  |  | 1,415 |  |  | 4,684 |  |  | 2,823 |
Schedule of Goodwill | Goodwill consisted of the following:
(amounts in thousands) | Real Estate |  | Observatory |  | Total
Balance as of December 31, 2025 |  |  |  |  |
Goodwill | $ | 263,997 |  |  | $ | 227,482 |  |  | $ | 491,479 |
Accumulated impairment charges | — |  |  | — |  |  | — |
| 263,997 |  |  | 227,482 |  |  | 491,479 |
Goodwill impairment charge | — |  |  | (166,113) |  |  | (166,113) |
Balance as of June 30, 2026 |  |  |  |  |
Goodwill | 263,997 |  |  | 227,482 |  |  | 491,479 |
Accumulated impairment charges | — |  |  | (166,113) |  |  | (166,113) |
| $ | 263,997 |  |  | $ | 61,369 |  |  | $ | 325,366 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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