v3.26.1
Intangible Liabilities, Net
3 Months Ended
Mar. 31, 2026
Intangible Lease Liabilities, Net [Abstract]  
Intangible Liabilities, Net Intangible Liabilities, Net
Intangible liabilities, net, consisted of the following as of March 31, 2026 and December 31, 2025 (amounts in thousands, except weighted average remaining life amounts):
March 31, 2026December 31, 2025
Below-market leases, net of accumulated amortization of $9,254 and $8,939, respectively (with a weighted average remaining life of 4.9 years and 5.1 years, respectively)
$5,495 $5,810 
Amortization of below-market leases was $315,000 for both the three months ended March 31, 2026 and 2025. Amortization of below-market leases is recorded as an increase to rental revenue in the accompanying condensed consolidated statements of comprehensive income.