INTANGIBLES

9 Months Ended

Sep. 30, 2024

Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]

NOTE 8—INTANGIBLES

The following is a summary of our intangibles (dollars in thousands):


	As of September 30, 2024			As of December 31, 2023
	Balance		Weighted Average Remaining Amortization Period in Years	Balance		Weighted Average Remaining Amortization Period in Years
Intangible assets:
Above-market lease intangibles (1)	$	124,597	4.4	$	130,371	4.8
In-place and other lease intangibles (2)	1,336,286		10.1	1,317,775		8.3
Goodwill	1,045,955		N/A	1,045,176		N/A
Other intangibles (2)	34,406		4.2	34,440		4.8
Accumulated amortization	(1,271,375)		N/A	(1,189,817)		N/A
Net intangible assets	$	1,269,869	9.5	$	1,337,945	8.0
Intangible liabilities:
Below-market lease intangibles (1)	$	265,274	7.7	$	306,499	8.1
Other lease intangibles	13,498		N/A	13,498		N/A
Accumulated amortization	(208,949)		N/A	(241,600)		N/A
Purchase option intangibles	3,568		N/A	3,568		N/A
Net intangible liabilities	$	73,391	7.7	$	81,965	8.1

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(1) Amortization of above- and below-market lease intangibles is recorded as a decrease and an increase to revenues, respectively, in our Consolidated Statements of Income.

(2) Amortization of intangibles is recorded in depreciation and amortization in our Consolidated Statements of Income.

N/A—Not Applicable

Above-market lease intangibles and in-place and other lease intangibles are included in acquired lease intangibles within real estate investments on our Consolidated Balance Sheets. Other intangibles (including non-compete agreements, trade

names and trademarks) are included in other assets on our Consolidated Balance Sheets. Net intangible liabilities are included in accounts payable and other liabilities on our Consolidated Balance Sheets.