Note 4 - Intangibles (Tables)

6 Months Ended

Jun. 30, 2022

Schedule Of Intangible Assets And Liabilities [Abstract]

Summary of Carrying Amount of Intangible Assets and Liabilities

The following is a summary of the carrying amount of the Company’s intangible assets and liabilities as of June 30, 2022 and December 31, 2021.

(in thousands)	June 30, 2022			December 31, 2021
Assets:
Above-market leases	$	4,773		$	4,792
Above-market leases accumulated amortization		(1,693	)		(1,210	)
In-place leases		30,516			30,643
In-place leases accumulated amortization		(14,202	)		(10,368	)
Total net real estate intangible assets	$	19,394		$	23,857
Liabilities
Below-market leases		4,779			4,792
Below-market leases accumulated amortization		(2,799	)		(2,063	)
Total net real estate intangible liabilities	$	1,980		$	2,729

Summary of Expected Amortization of Real Estate Intangible Assets Liabilities

The following table represents expected amortization of existing real estate intangible assets and liabilities as of June 30, 2022:

(in thousands)	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
Remainder of 2022	$	3,271	$	470	$	(591	)	$	3,150
2023		4,772		841		(652	)		4,961
2024		3,118		615		(408	)		3,325
2025		2,020		453		(169	)		2,304
2026		1,334		274		(84	)		1,524
2027		855		193		(36	)		1,012
Thereafter		944		234		(40	)		1,138
Total	$	16,314	$	3,080	$	(1,980	)	$	17,414