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INTANGIBLES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2025As 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)
$120,178 4.0$124,515 4.3
In-place lease and other real estate intangibles (2)
1,560,389 7.01,434,236 8.4
Acquired lease intangibles
1,680,567 1,558,751 
Goodwill1,046,072 n/a1,044,915 n/a
Other intangibles (2)
41,261 48.041,190 24.4
Accumulated amortization(1,374,077)n/a(1,286,374)n/a
Net intangible assets$1,393,823 8.1$1,358,482 8.8
Intangible liabilities:   
Below-market lease intangibles (1)
$246,153 13.1$269,572 7.0
Other lease intangibles13,498 n/a13,498 n/a
Accumulated amortization(198,762)n/a(211,441)n/a
Purchase option intangibles3,568 n/a3,568 n/a
Net intangible liabilities$64,457 13.1$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
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following is a summary of the estimated net amortization related to these intangible assets and liabilities for each of the next five years (dollars in thousands):
Estimated Net Amortization
2026$140,500 
202746,500 
202821,000 
202910,500 
20309,100 
Schedule of Goodwill
The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2025 (dollars in thousands):
 Goodwill
OM&R
$466,967 
NNN
319,569 
SHOP259,536 
Total goodwill$1,046,072