INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2025

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

Schedule of 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