v3.26.1
INTANGIBLES
 6 Months Ended
Jun. 30, 2026
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]  
INTANGIBLES
NOTE 8—INTANGIBLES

The following is a summary of our intangibles (dollars in thousands):

 
As of June 30, 2026
As of December 31, 2025
 
Balance
Weighted Average Remaining Amortization Period in Years
Balance
Weighted Average Remaining Amortization Period in Years
Intangible assets:
 
 
 
 
Above-market lease intangibles (1)
$
118,459 
3.9
$
120,178 
4.0
In-place lease and other real estate intangibles (2)
1,819,063 
5.3
1,560,389 
7.0
Acquired lease intangibles
1,937,522 
1,680,567 
Goodwill
1,045,816 
n/a
1,046,072 
n/a
Other intangibles (2)
41,209 
56.5
41,261 
48.0
Accumulated amortization
(1,475,052)
n/a
(1,374,077)
n/a
Net intangible assets
$
1,549,495 
6.2
$
1,393,823 
8.1
Intangible liabilities:
 
 
 
Below-market lease intangibles (1)
$
246,036 
13.4
$
246,153 
13.1
Other lease intangibles
13,498 
n/a
13,498 
n/a
Accumulated amortization
(202,832)
n/a
(198,762)
n/a
Purchase option intangibles
3,568 
n/a
3,568 
n/a
Net intangible liabilities
$
60,270 
13.4
$
64,457 
13.1
______________________________
(1)     Amortization of above- and below-market lease intangibles is recorded as a decrease and an increase to revenues, respectively, in our Consolidated Statements of Income.
(2)     Amortization of intangibles is recorded in Depreciation and amortization in our Consolidated Statements of Income.
n/a—not applicable

During the six months ended June 30, 2026, we acquired $275.2 million of intangible assets as part of our real estate acquisitions, consisting primarily of in-place lease intangibles, with a weighted average amortization period of 2.4 years at acquisition date. During the year ended December 31, 2025, we acquired $209.5 million of intangible assets as part of our real estate acquisitions, consisting primarily of in-place lease intangibles, with a weighted average amortization period of 3.5 years at acquisition date.
Other intangibles (including non-compete agreements, trade names and trademarks) are included in Other assets on our Consolidated Balance Sheets. Net intangible liabilities are included in Accounts payable and other liabilities on our Consolidated Balance Sheets.