INTANGIBLES

6 Months Ended

Jun. 30, 2025

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

INTANGIBLES

NOTE 8—INTANGIBLES

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

	As of June 30, 2025			As of December 31, 2024
	Balance		Weighted Average Remaining Amortization Period in Years	Balance		Weighted Average Remaining Amortization Period in Years
Intangible assets:
Above-market lease intangibles (1)	$	122,349	4.2	$	124,515	4.3
In-place lease and other real estate intangibles (2)	1,433,816		6.9	1,434,236		8.4
Acquired lease intangibles	1,556,165			1,558,751
Goodwill	1,046,384		n/a	1,044,915		n/a
Other intangibles (2)	41,274		47.0	41,190		24.4
Accumulated amortization	(1,285,908)		n/a	(1,286,374)		n/a
Net intangible assets	$	1,357,915	8.2	$	1,358,482	8.8
Intangible liabilities:
Below-market lease intangibles (1)	$	262,252	13.0	$	269,572	7.0
Other lease intangibles	13,498		n/a	13,498		n/a
Accumulated amortization	(209,233)		n/a	(211,441)		n/a
Purchase option intangibles	3,568		n/a	3,568		n/a
Net intangible liabilities	$	70,085	13.0	$	75,197	7.0

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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

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.