v3.26.1
Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Deferred Costs, Net
Deferred costs, net, consisted of the following:
(amounts in thousands)June 30, 2026December 31, 2025
Deferred leasing costs$220,968 $227,722 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs180,788 190,570 
Acquired above-market leases54,340 57,569 
Total deferred costs, excluding deferred financing costs456,096 475,861 
Less: accumulated amortization(204,126)(214,917)
Total deferred costs, net, excluding net deferred financing costs251,970 260,944 
Deferred financing costs, net, of accumulated amortization of $10,958 and $9,900, respectively (See Note 5)
6,196 6,738 
Total deferred costs, net$258,166 $267,682 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)June 30, 2026December 31, 2025
Deferred financing costs, included as a component of net debt$12,447 $17,207 
Deferred financing costs, included as a component of net deferred costs (See Note 4)17,154 16,638 
Total deferred financing costs$29,601 $33,845 
Less: accumulated amortization(14,222)(15,228)
Total deferred financing costs, net$15,379 $18,617 
The total amortization expense related to deferred financing costs consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)2026202520262025
Amortization of deferred financing costs$1,111 $1,080 $2,373 $2,174 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)June 30, 2026December 31, 2025
Acquired below-market leases$(63,802)$(81,539)
Less: accumulated amortization27,377 41,772 
Acquired below-market leases, net$(36,425)$(39,767)
Schedule of Amortization Related to Deferred Costs and Acquired Lease Intangibles
The total amortization related to deferred costs and acquired lease intangibles consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)2026202520262025
Rental revenue:
Amortization of below-market leases, net of above-market leases$384 $840 $1,054 $1,638 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs4,751 5,128 9,671 10,497 
Amortization related to acquired in-place lease value2,285 1,415 4,684 2,823 
Schedule of Goodwill
Goodwill consisted of the following:
(amounts in thousands)Real EstateObservatoryTotal
Balance as of December 31, 2025
Goodwill$263,997 $227,482 $491,479 
Accumulated impairment charges— — — 
263,997 227,482 491,479 
Goodwill impairment charge— (166,113)(166,113)
Balance as of June 30, 2026
Goodwill263,997 227,482 491,479 
Accumulated impairment charges— (166,113)(166,113)
$263,997 $61,369 $325,366