Annual report pursuant to Section 13 and 15(d)

Deferred Charges (Tables)

v3.22.4
Deferred Charges (Tables)
 12 Months Ended
Dec. 31, 2022
Deferred Costs [Abstract]  
Schedule of Deferred Charges
Deferred lease costs and other intangibles, net as of December 31, 2022 and 2021 consist of the following (in thousands):
2022 2021
Deferred lease costs $ 89,103  $ 90,240 
Intangible assets:
Above market leases 36,085  38,942 
Lease in place value 52,280  53,584 
Tenant relationships 32,912  33,759 
Other intangibles 40,651  40,806 
251,031  257,331 
Accumulated amortization (192,457) (183,611)
Deferred lease costs and other intangibles, net $ 58,574  $ 73,720 
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)
Lease Cost Intangibles (2)
2023 $ 54  $ 3,050 
2024 (16) 2,865 
2025 (424) 2,303 
2026 (745) 1,727 
2027 (771) 1,562 
Total $ (1,902) $ 11,507 
(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.