| Other Assets, Net and Accounts Payable and Other Liabilities |
5. Other Assets, Net and Accounts Payable and Other Liabilities Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
Other Assets, Net: |
|
|
|
|
|
|
Lease intangibles, net (Note 6) |
|
$ |
99,946 |
|
|
$ |
128,239 |
|
Derivative financial instruments (Note 8) |
|
|
18,407 |
|
|
|
9,738 |
|
Deferred charges, net (A) |
|
|
45,786 |
|
|
|
44,133 |
|
Accrued interest receivable (Note 3) |
|
|
9,190 |
|
|
|
8,916 |
|
Prepaid expenses |
|
|
13,826 |
|
|
|
17,327 |
|
Due from seller |
|
|
1,367 |
|
|
|
1,768 |
|
Income taxes receivable |
|
|
503 |
|
|
|
1,180 |
|
Deposits |
|
|
1,709 |
|
|
|
5,774 |
|
Corporate assets, net |
|
|
604 |
|
|
|
430 |
|
Other receivables |
|
|
3,323 |
|
|
|
6,475 |
|
|
|
$ |
194,661 |
|
|
$ |
223,980 |
|
|
|
|
|
|
|
|
(A) Deferred Charges, Net: |
|
|
|
|
|
|
Deferred leasing and other costs |
|
$ |
94,411 |
|
|
$ |
94,957 |
|
Deferred financing costs related to line of credit |
|
|
18,240 |
|
|
|
13,939 |
|
|
|
|
112,651 |
|
|
|
108,896 |
|
Accumulated amortization |
|
|
(66,865 |
) |
|
|
(64,763 |
) |
Deferred charges, net |
|
$ |
45,786 |
|
|
$ |
44,133 |
|
|
|
|
|
|
|
|
Accounts Payable and Other Liabilities: |
|
|
|
|
|
|
Lease intangibles, net (Note 6) |
|
$ |
83,189 |
|
|
$ |
95,991 |
|
Accounts payable and accrued expenses |
|
|
72,936 |
|
|
|
88,139 |
|
Deferred income |
|
|
25,748 |
|
|
|
34,102 |
|
Tenant security deposits, escrow and other |
|
|
14,951 |
|
|
|
19,939 |
|
Lease liability - finance leases, net (Note 11) |
|
|
32,494 |
|
|
|
32,112 |
|
Derivative financial instruments (Note 8) |
|
|
323 |
|
|
|
3,196 |
|
|
|
$ |
229,641 |
|
|
$ |
273,479 |
|
|