XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.25.2

Intangible Assets and Liabilities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of finite-lived intangible assets and liabilities | The following table summarizes the Company’s intangible assets and liabilities:
As of |  | Gross Asset (Liability) |  | Accumulated Amortization |  | Net Carrying Amount
|  |  |  | (in thousands) |  |
June 30, 2025: |  |  |  |  |  |
In-place lease intangibles |  | $ | 55,482 |  |  | $ | (42,359) |  |  | $ | 13,123 |
Above-market leases |  | 805 |  |  | (554) |  |  | 251 |
Other intangibles |  | (1,138) |  |  | 438 |  |  | (700) |
Below-market leases |  | (33,595) |  |  | 14,529 |  |  | (19,066) |
December 31, 2024: |  |  |  |  |  |
In-place lease intangibles |  | $ | 51,630 |  |  | $ | (38,994) |  |  | $ | 12,636 |
Above-market leases |  | 795 |  |  | (490) |  |  | 305 |
Other intangibles |  | (1,262) |  |  | 523 |  |  | (739) |
Below-market leases |  | (29,069) |  |  | 12,898 |  |  | (16,171) |
Schedule of future amortization | Future amortization/accretion of these intangibles is below (in thousands):
Year Ending December 31, |  | In-place lease intangibles |  | Above-market leases |  | Other intangibles |  | Below-market leases
2025-Remaining |  | $ | 3,232 |  |  | $ | 59 |  |  | $ | (125) |  |  | $ | (1,713) |
2026 |  | 4,609 |  |  | 95 |  |  | (233) |  |  | (2,931) |
2027 |  | 2,537 |  |  | 50 |  |  | (141) |  |  | (2,394) |
2028 |  | 1,425 |  |  | 24 |  |  | (74) |  |  | (1,965) |
2029 |  | 809 |  |  | 18 |  |  | (58) |  |  | (1,693) |
Thereafter |  | 511 |  |  | 5 |  |  | (69) |  |  | (8,370) |
Total |  | $ | 13,123 |  |  | $ | 251 |  |  | $ | (700) |  |  | $ | (19,066) |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration