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Deferred Leasing Costs and Other Intangibles (Tables)
3 Months Ended
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 AmountAccumulated AmortizationNet Carrying Amount
Deferred Leasing Costs and Intangible Assets
In-place lease values$55,861 $(34,929)$20,932 
Deferred leasing costs18,844 (11,733)7,111 
Above-market lease values7,682 (7,581)101 
$82,387 $(54,243)$28,144 
December 31, 2025
Carrying AmountAccumulated AmortizationNet Carrying Amount
Deferred Leasing Costs and Intangible Assets
In-place lease values$52,028 $(32,762)$19,266 
Deferred leasing costs20,499 (12,836)7,663 
Above-market lease values8,517 (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 AmountAccumulated AmortizationNet Carrying Amount
Deferred Leasing Costs and Intangible Assets
In-place lease values$55,861 $(34,929)$20,932 
Deferred leasing costs18,844 (11,733)7,111 
Above-market lease values7,682 (7,581)101 
$82,387 $(54,243)$28,144 
December 31, 2025
Carrying AmountAccumulated AmortizationNet Carrying Amount
Deferred Leasing Costs and Intangible Assets
In-place lease values$52,028 $(32,762)$19,266 
Deferred leasing costs20,499 (12,836)7,663 
Above-market lease values8,517 (7,800)717 
$81,044 $(53,398)$27,646 
Intangible Liabilities
Below-market lease values$776 $(387)$389 
Schedule of Deferred Costs and Other Intangible Assets and Liabilities
The following table summarizes the amortization of deferred leasing costs, intangible assets and intangible liabilities for the three months ended March 31, 2026 and 2025 (dollars in thousands):
Three Months Ended March 31,
20262025
Above-market lease values$(9)$(382)
Below-market lease values323 
Net decrease to property operating income$(7)$(59)
In-place lease values$2,290 $2,840 
Deferred leasing costs322 625 
Amortization expense$2,612 $3,465