v3.25.4
OTHER LIABILITIES AND DEFERRED CREDITS
 12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES AND DEFERRED CREDITS OTHER LIABILITIES AND DEFERRED CREDITS
Other liabilities and deferred credits consist of the following (in thousands):
    
December 31, 2025December 31, 2024
Acquired below market leases, net$10,923 $13,076 
Prepaid rent and deferred revenue20,670 17,408 
Straight-line rent liability6,880 7,692 
Deferred compensation3,380 2,968 
Deferred tax liability638 781 
Lease liability18,774 20,638 
Other liabilities39 25 
Total other liabilities and deferred credits, net$61,304 $62,588 
Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.