v3.25.4
OTHER INCOME
 12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
OTHER INCOME OTHER INCOME
The principal components of other income, net are as follows (in thousands):
    
Year Ended December 31,
202520242023
Interest and investment income$4,328 $9,031 $2,175 
Income tax expense(770)(886)(1,041)
Other non-operating income— 10,002 6,515 
Total other income$3,558 $18,147 $7,649 
For the year ended December 31, 2024, other non-operating income includes the net settlement payment of approximately $10.0 million received on January 2, 2024 related to building specifications for one of the existing buildings at our office project in University Town Center (San Diego). For the year ended December 31, 2023, other non-operating income includes the settlement payment of approximately $6.5 million received on January 3, 2023 related to certain building systems at our Hassalo on Eighth property.