Note 4 - Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

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 December 31, 2023 and 2022.

(in thousands)	December 31, 2023			December 31, 2022
Assets:
Above-market leases	$	4,153		$	5,150
Above-market leases accumulated amortization		(2,469	)		(2,199	)
In-place leases		29,221			36,078
In-place leases accumulated amortization		(20,094	)		(18,251	)
Total net real estate intangible assets	$	10,811		$	20,778
Liabilities
Below-market leases		3,146			4,992
Below-market leases accumulated amortization		(2,513	)		(3,439	)
Total net real estate intangible liabilities	$	633		$	1,553

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 December 31, 2023.

(in thousands)	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
2024	$	2,952	$	575	$	(291	)	$	3,236
2025		2,069		449		(161	)		2,357
2026		1,479		253		(91	)		1,641
2027		962		167		(47	)		1,082
2028		520		112		(26	)		606
Thereafter		1,145		128		(17	)		1,256
Total	$	9,127	$	1,684	$	(633	)	$	10,178