v3.26.1
Intangible Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities - Intangible Assets, Favorable Lease

Intangible assets as of June 30, 2026 and December 31, 2025 consisted of the following:

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Book Value

 

Favorable lease terms December 31, 2025

 

$

165,230

 

 

$

(161,997

)

 

$

3,233

 

Amortization

 

 

 

 

 

(3,100

)

 

 

(3,100

)

Favorable lease terms June 30, 2026

 

$

165,230

 

 

$

(165,097

)

 

$

133

 

Intangible Assets and Liabilities - Amortization of Favorable Lease Terms

Amortization expense of favorable lease terms for each of the periods ended June 30, 2026 and 2025 is presented in the following table:

 

 

Three Month Period Ended June 30, 2026

 

 

Three Month Period Ended June 30, 2025

 

 

Six Month
Period Ended June 30, 2026

 

 

Six Month
Period Ended June 30, 2025

 

Amortization

 

$

(1,550

)

 

$

(4,220

)

 

$

(3,100

)

 

$

(8,660

)

Total

 

$

(1,550

)

 

$

(4,220

)

 

$

(3,100

)

 

$

(8,660

)

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets

Intangible liabilities as of June 30, 2026 and December 31, 2025 consisted of the following:

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Book Value

 

Unfavorable lease terms December 31, 2025

 

$

231,407

 

 

$

(227,821

)

 

$

3,586

 

Amortization

 

 

 

 

 

(3,586

)

 

 

(3,586

)

Unfavorable lease terms June 30, 2026

 

$

231,407

 

 

$

(231,407

)

 

$

 

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease

Amortization income of unfavorable lease terms for each of the periods ended June 30, 2026 and 2025 is presented in the following table:

 

 

Three Month Period Ended June 30, 2026

 

 

Three Month Period Ended June 30, 2025

 

 

Six Month
Period Ended June 30, 2026

 

 

Six Month
Period Ended June 30, 2025

 

Unfavorable lease terms

 

$

941

 

 

$

2,912

 

 

$

3,586

 

 

$

5,792

 

Total

 

$

941

 

 

$

2,912

 

 

$

3,586

 

 

$

5,792