
As of	Gross Asset (Liability)		Accumulated Amortization		Net Carrying Amount
			(in thousands)
September 30, 2026:
In-place lease intangibles	$	71,453	$	(51,467)	$	19,986
Above-market leases	4,324		(920)		3,404
Sub total - Lease intangible assets	75,777		(52,387)		23,390
Other intangibles	(1,164)		623		(541)
Below-market leases	(44,219)		19,248		(24,971)

December 31, 2025:
In-place lease intangibles	$	60,564	$	(45,973)	$	14,591
Above-market leases	2,463		(641)		1,822
Sub total - Lease intangible assets	63,027		(46,614)		16,413
Other intangibles	(1,139)		564		(575)
Below-market leases	(36,135)		16,377		(19,758)

Amortization of in-place lease intangibles was $1.9 million and $5.5 million for the three and nine months ended September 30, 2026, respectively, and $1.8 million and $5.3 million for the three and nine months ended September 30, 2025, respectively. This amortization is included in “Depreciation and amortization” in the Consolidated Statements of Operations and Comprehensive Income.

Amortization of acquired above-market leases was $0.1 million and $0.3 million for the three and nine months ended September 30, 2026, respectively, and $0.03 million and $0.1 million for the three and nine months ended September 30, 2025, respectively, and is included in “Rental income” in the Consolidated Statements of Operations and Comprehensive Income. Amortization of other intangibles was $0.06 million and $0.2 million for the three and nine months ended September 30, 2026, respectively, and $0.1 million and $0.3 million for the three and nine months ended September 30, 2025, respectively, and is included in "Rental income" in the Consolidated Statements of Operations and Comprehensive Income. Amortization of acquired below-market leases was $1.0 million and $2.9 million for the three and nine months ended September 30, 2026, respectively, and $0.9 million and $2.6 million for the three and nine months ended September 30, 2025, respectively, and is included in “Rental income” in the Consolidated Statements of Operations and Comprehensive Income.


Year Ending December 31,	In-place lease intangibles		Above-market leases		Other intangibles		Below-market leases
2026-Remaining	$	2,038	$	138	$	(64)	$	(1,146)
2027	6,453		514		(208)		(4,078)
2028	4,062		474		(142)		(3,227)
2029	2,691		454		(58)		(2,768)
2030	1,767		413		(33)		(2,484)
Thereafter	2,975		1,411		(36)		(11,268)
Total	$	19,986	$	3,404	$	(541)	$	(24,971)