v3.25.4
Intangible Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities - Intangible Assets, Favorable Lease

Intangible assets as of December 31, 2025 and December 31, 2024 consisted of the following:

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Favorable lease terms December 31, 2022

 

$

211,644

 

 

$

(132,928

)

 

$

78,716

 

Additions/ (Amortization)

 

 

 

 

 

(18,285

)

 

 

(18,285

)

Favorable lease terms December 31, 2023

 

$

211,644

 

 

$

(151,213

)

 

$

60,431

 

Amortization

 

 

 

 

 

(18,120

)

 

 

(18,120

)

Favorable lease terms December 31, 2024

 

$

211,644

 

 

$

(169,333

)

 

$

42,311

 

Amortization

 

 

 

 

 

(11,801

)

 

 

(11,801

)

Accelerated amortization

 

 

(46,414

)

 

 

19,137

 

 

 

(27,277

)

Favorable lease terms December 31, 2025

 

$

165,230

 

 

$

(161,997

)

 

$

3,233

 

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease

Intangible liabilities as of December 31, 2025 and December 31, 2024 consisted of the following:

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Unfavorable lease terms December 31, 2022

 

$

231,407

 

 

$

(183,501

)

 

$

47,906

 

Additions/ (Amortization)

 

 

 

 

 

(19,922

)

 

 

(19,922

)

Unfavorable lease terms December 31, 2023

 

$

231,407

 

 

$

(203,423

)

 

$

27,984

 

Amortization

 

 

 

 

 

(12,718

)

 

 

(12,718

)

Unfavorable lease terms December 31, 2024

 

$

231,407

 

 

$

(216,141

)

 

$

15,266

 

Amortization

 

 

 

 

 

(11,680

)

 

 

(11,680

)

Unfavorable lease terms December 31, 2025

 

$

231,407

 

 

$

(227,821

)

 

$

3,586