Other Liabilities, Net

12 Months Ended

Dec. 31, 2024

Other Liabilities, Net.

Other Liabilities, Net

11.          Other Liabilities, Net

The following is a summary of other liabilities, net:

	December 31,
	2024		2023
	(In thousands)
Lease intangible liabilities	$	2,996	$	5,978
Accumulated amortization		(1,713)		(2,482)
Lease intangible liabilities, net	$	1,283	$	3,496
Lease incentive liabilities		2,590		7,546
Liabilities related to operating lease right-of-use assets		44,430		64,501
Prepaid rent		12,978		10,946
Security deposits		11,167		12,133
Environmental liabilities		17,468		17,568
Deferred tax liability, net		3,917		3,326
Dividends payable		17,611		—
Derivative financial instruments, at fair value		2,395		14,444
Other		1,988		4,909
Total other liabilities, net	$	115,827	$	138,869

Amortization revenue included in "Property rental revenue" in our consolidated statements of operations related to lease intangible liabilities for each of the three years in the period ended December 31, 2024 was $408,000, $1.7 million and $1.9 million.

The following is a summary of the estimated amortization of lease intangible liabilities for the next five years and thereafter as of December 31, 2024:

Year ending December 31,	Amount
	(In thousands)
2025	$	292
2026		218
2027		101
2028		92
2029		86
Thereafter		494
Total	$	1,283