Note 4 - Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023.

(in thousands)	December 31, 2024			December 31, 2023
Assets:
Above-market leases	$	4,153		$	4,153
Above-market leases accumulated amortization		(3,038	)		(2,469	)
In-place leases		28,814			29,221
In-place leases accumulated amortization		(22,771	)		(20,094	)
Total real estate intangible assets, net	$	7,158		$	10,811
Liabilities
Below-market leases	$	3,099		$	3,146
Below-market leases accumulated amortization		(2,778	)		(2,513	)
Total real estate intangible liabilities, net	$	321		$	633

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, 2024.

(in thousands)	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
2025	$	2,024	$	449	$	(153	)	$	2,320
2026		1,433		253		(83	)		1,603
2027		933		167		(44	)		1,056
2028		503		112		(26	)		589
2029		383		80		(14	)		449
Thereafter		767		54		(1	)		820
Total	$	6,043	$	1,115	$	(321	)	$	6,837