Quarterly report [Sections 13 or 15(d)]

INVESTMENT PROPERTIES - Amortization (Details)

v3.25.2
INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2025 $ 5,846   $ 5,846    
2026 11,691   11,691    
2027 11,691   11,691    
2028 11,691   11,691    
2029 11,691   11,691    
Thereafter 128,594   128,594    
Total 181,204   181,204   $ 191,262
Acquired below market lease intangibles          
Period from July 1 to December 31, 2025 2,206   2,206    
2026 4,412   4,412    
2027 4,412   4,412    
2028 4,412   4,412    
2029 4,412   4,412    
Thereafter 48,537   48,537    
Total 68,391   68,391   73,205
Acquired lease intangible assets, net, accumulated amortization 51,633   51,633   46,819
Acquired lease intangible liabilities, accumulated amortization 19,488   19,488   $ 17,920
Amortization of below market lease intangibles 1,102 $ 1,306 2,242 $ 2,655  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2025 3,667   3,667    
2026 7,333   7,333    
2027 7,333   7,333    
2028 7,333   7,333    
2029 7,333   7,333    
Thereafter 80,663   80,663    
Total 113,662   113,662    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,833 1,888 3,705 3,798  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2025 2,179   2,179    
2026 4,358   4,358    
2027 4,358   4,358    
2028 4,358   4,358    
2029 4,358   4,358    
Thereafter 47,931   47,931    
Total 67,542   67,542    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,089 $ 1,173 $ 2,199 $ 2,362