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Deferred Leasing Costs and Other Intangibles (Tables) | 3 Months Ended
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Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | The Company’s deferred leasing costs, other intangible assets and intangible liabilities at March 31, 2026 and December 31, 2025 are as follows (dollars in thousands):
|  | March 31, 2026
|  | Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Deferred Leasing Costs and Intangible Assets |  |  |  |  |  |
In-place lease values |  | $ | 55,861 |  |  | $ | (34,929) |  |  | $ | 20,932 |
Deferred leasing costs |  | 18,844 |  |  | (11,733) |  |  | 7,111 |
Above-market lease values |  | 7,682 |  |  | (7,581) |  |  | 101 |
|  | $ | 82,387 |  |  | $ | (54,243) |  |  | $ | 28,144 |
|  | December 31, 2025
|  | Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Deferred Leasing Costs and Intangible Assets |  |  |  |  |  |
In-place lease values |  | $ | 52,028 |  |  | $ | (32,762) |  |  | $ | 19,266 |
Deferred leasing costs |  | 20,499 |  |  | (12,836) |  |  | 7,663 |
Above-market lease values |  | 8,517 |  |  | (7,800) |  |  | 717 |
|  | $ | 81,044 |  |  | $ | (53,398) |  |  | $ | 27,646 |
Intangible Liabilities |  |  |  |  |  |
Below-market lease values |  | $ | 776 |  |  | $ | (387) |  |  | $ | 389 |
Schedule of Deferred Leasing Costs | The Company’s deferred leasing costs, other intangible assets and intangible liabilities at March 31, 2026 and December 31, 2025 are as follows (dollars in thousands):
|  | March 31, 2026
|  | Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Deferred Leasing Costs and Intangible Assets |  |  |  |  |  |
In-place lease values |  | $ | 55,861 |  |  | $ | (34,929) |  |  | $ | 20,932 |
Deferred leasing costs |  | 18,844 |  |  | (11,733) |  |  | 7,111 |
Above-market lease values |  | 7,682 |  |  | (7,581) |  |  | 101 |
|  | $ | 82,387 |  |  | $ | (54,243) |  |  | $ | 28,144 |
|  | December 31, 2025
|  | Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Deferred Leasing Costs and Intangible Assets |  |  |  |  |  |
In-place lease values |  | $ | 52,028 |  |  | $ | (32,762) |  |  | $ | 19,266 |
Deferred leasing costs |  | 20,499 |  |  | (12,836) |  |  | 7,663 |
Above-market lease values |  | 8,517 |  |  | (7,800) |  |  | 717 |
|  | $ | 81,044 |  |  | $ | (53,398) |  |  | $ | 27,646 |
Intangible Liabilities |  |  |  |  |  |
Below-market lease values |  | $ | 776 |  |  | $ | (387) |  |  | $ | 389 |
Schedule of Deferred Costs and Other Intangible Assets and Liabilities | The following table summarizes the amortization of deferred leasing costs, intangible assets and intangible liabilities for the three months ended March 31, 2026 and 2025 (dollars in thousands):
|  | Three Months Ended March 31, |  |
|  | 2026 |  | 2025 |  |  |  |  |  |
Above-market lease values |  | $ | (9) |  |  | $ | (382) |  |  |  |  |  |  |
Below-market lease values |  | 2 |  |  | 323 |  |  |  |  |  |  |
Net decrease to property operating income |  | $ | (7) |  |  | $ | (59) |  |  |  |  |  |  |
In-place lease values |  | $ | 2,290 |  |  | $ | 2,840 |  |  |  |  |  |  |
Deferred leasing costs |  | 322 |  |  | 625 |  |  |  |  |  |  |
Amortization expense |  | $ | 2,612 |  |  | $ | 3,465 |  |  |  |  |  |  |

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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 assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 40 -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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