In-place lease intangibles, at cost are included in In-place lease intangible assets and other in the consolidated financial statements. Above-market rent intangibles, at cost are included in Above-market rent intangible assets in the consolidated financial statements. Accumulated amortization of in-place lease and above-market rent intangibles is included in Accumulated depreciation and amortization in the consolidated financial statements. Below-market rent intangibles are included in Below-market rent intangible liabilities, net in the consolidated financial statements.


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-Lived Intangible Assets
In-place lease	$	40,158	$	(30,906)	$	9,252	$	45,160	$	(33,060)	$	12,100
Above-market rent	7,314		(4,313)		3,001		10,760		(7,208)		3,552
Total intangible assets	$	47,472	$	(35,219)	$	12,253	$	55,920	$	(40,268)	$	15,652

Finite-Lived Intangible Liabilities
Below-market rent	$	(4,032)	$	2,725	$	(1,307)	$	(4,495)	$	2,505	$	(1,990)
Total intangible liabilities	$	(4,032)	$	2,725	$	(1,307)	$	(4,495)	$	2,505	$	(1,990)

See Note 5 for a description of intangible assets and liabilities reclassified from net investments in sales-type leases during the six months ended June 30, 2026. Net amortization of intangibles, including the effect of foreign currency translation, was $1.2 million and $5.5 million for the three months ended June 30, 2026 and 2025, respectively, and $2.4 million and $10.9 million for the six months ended June 30, 2026 and 2025, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Lease revenues and amortization of in-place lease intangibles is included in Depreciation and amortization.