Annual report pursuant to Section 13 and 15(d)

Deferred Charges (Tables)

v3.22.2.2
Deferred Charges (Tables)
 12 Months Ended
Dec. 31, 2021
Deferred Costs [Abstract]  
Schedule of Deferred Charges
Deferred lease costs and other intangibles, net as of December 31, 2021 and 2020 consist of the following (in thousands):
2021 2020
Deferred lease costs $ 90,240  $ 88,867 
Intangible assets:
Above market leases 38,942  39,628 
Lease in place value 53,584  55,074 
Tenant relationships 33,759  34,694 
Other intangibles 40,806  41,117 
257,331  259,380 
Accumulated amortization (183,611) (174,420)
Deferred lease costs and other intangibles, net $ 73,720  $ 84,960 
Schedule of Expected Amortization Expense
Estimated aggregate amortization of net above and below market leases and other intangibles for each of the five succeeding years is as follows (in thousands):
Year
Above/(Below) Market Leases, Net (1)
Deferred Lease Costs and Other Intangibles (2)
2022 $ 192  $ 4,022 
2023 235  3,392 
2024 165  3,175 
2025 (280) 2,558 
2026 (636) 1,947 
Total $ (324) $ 15,094 
(1)These net amounts are recorded as a reduction (increase) of base rentals.
(2)These amounts are recorded as an increase in depreciation and amortization.