NOTE 12 – GOODWILL AND OTHER INTANGIBLES

The following is a summary of our goodwill:

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The following is a summary of our lease intangibles as of December 31, 2025 and 2024:

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Above market leases, net of accumulated amortization, are included in other assets on our Consolidated Balance Sheets. Below market leases, net of accumulated amortization, are included in accrued expenses and other liabilities on our Consolidated Balance Sheets. The net amortization related to the above and below market leases is included in our Consolidated Statements of Operations as an adjustment to rental income over the estimated remaining term of the underlying leases. Should a tenant terminate the lease, the unamortized portion of the lease intangible is recognized immediately as an adjustment to rental income.

For the years ended December 31, 2025, 2024 and 2023, our net amortization related to intangibles was $(1.8) million, $1.7 million and $9.4 million, respectively. The estimated net amortization related to these intangibles for the subsequent five years is as follows: 2026 – $(2.1) million; 2027 – $(2.1) million; 2028 – $(2.1) million; 2029 – $(2.2) million; 2030 – $(2.2) million and $(10.0) million thereafter. As of December 31, 2025, the weighted average remaining amortization period of both above market lease assets and below market lease liabilities is approximately nine years.