context stringlengths 21 33.9k | category stringclasses 2 values | entity stringlengths 1 12 | entity_type stringclasses 5 values | query stringlengths 97 3.31k | answer stringlengths 12 169 |
|---|---|---|---|---|---|
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | 52.1 | monetaryItemType | text: <entity> 52.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | 3.67 | percentItemType | text: <entity> 3.67 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:DerivativeFixedInterestRate |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | 200.0 | monetaryItemType | text: <entity> 200.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. | text | 5.03 | percentItemType | text: <entity> 5.03 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, we have five interest rate swap agreements with total notional amounts of $ 252.1 million that are measured at fair value on a recurring basis. We have two interest rate swap agreements associated with our Hoboken portfolio that fix the interest rate on $ 52.1 million of mortgage payables at 3.67 % through December 15, 2029. We also have three interest rate swap agreements associated with our Bethesda Row property that fix the interest rate on a $ 200.0 million mortgage payable at a weighted average interest rate of 5.03 % through December 28, 2025. </context> | us-gaap:DerivativeFixedInterestRate |
The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: | text | 5.2 | monetaryItemType | text: <entity> 5.2 </entity> <entity type> monetaryItemType </entity type> <context> The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: </context> | us-gaap:DerivativeAssets |
The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: </context> | us-gaap:OtherComprehensiveIncomeLossNetOfTax |
The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: | text | 4.1 | monetaryItemType | text: <entity> 4.1 </entity> <entity type> monetaryItemType </entity type> <context> The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs. The fair value of our swaps at December 31, 2024 was an asset of $ 5.2 million and is included in "prepaid expenses and other assets" on our consolidated balance sheet. During 2024, the value of our interest rate swaps increased $ 0.5 million (including $ 4.1 million reclassified from other comprehensive income as a decrease to interest expense). A summary of our financial assets that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: </context> | us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet |
One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. </context> | us-gaap:NumberOfInterestRateDerivativesHeld |
One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossNetOfTax |
One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. | text | 0.3 | monetaryItemType | text: <entity> 0.3 </entity> <entity type> monetaryItemType </entity type> <context> One of our equity method investees has two interest rate swaps which qualify as cash flow hedges. At December 31, 2024 and December 31, 2023, our share of the change in fair value of the related swaps included in "accumulated other comprehensive income (loss)" was income of $ 0.2 million and a loss of $ 0.3 million, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossNetOfTax |
At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. | text | 4.4 | monetaryItemType | text: <entity> 4.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. </context> | us-gaap:ProductWarrantyAccrual |
At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. </context> | us-gaap:ProductWarrantyAccrual |
At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. </context> | us-gaap:ProductWarrantyAccrualPayments |
At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, our reserves for general liability costs were $ 4.4 million and $ 3.5 million, respectively, and are included in “accounts payable and accrued expenses” in our consolidated balance sheets. Any potential losses which exceed our estimates would result in a decrease in our net income. During 2024 and 2023, we made payments from these reserves of $ 2.1 million and $ 2.0 million, respectively. Although we consider the reserve to be adequate, there can be no assurance that the reserve will prove to be adequate over-time to cover losses due to the difference between the assumptions used to estimate the reserve and actual losses. </context> | us-gaap:ProductWarrantyAccrualPayments |
On April 1, 2024, we acquired the approximately 10 % noncontrolling interest in the partnership that owns our CocoWalk property for $ 12.4 million, bringing our ownership to 100 %. | text | 12.4 | monetaryItemType | text: <entity> 12.4 </entity> <entity type> monetaryItemType </entity type> <context> On April 1, 2024, we acquired the approximately 10 % noncontrolling interest in the partnership that owns our CocoWalk property for $ 12.4 million, bringing our ownership to 100 %. </context> | us-gaap:PaymentsToMinorityShareholders |
On December 11, 2019, we received proceeds related to the sale under threat of condemnation at San Antonio Center as discussed in our Annual Report on Form 10-K for the year ended December 31, 2019. We indemnified the condemning authority for all costs incurred related to the condemnation proceedings including any payments required to tenants at the property and recorded a corresponding liability for our estimate of these costs. During 2022, we recorded a net reduction of our liability for condemnation and transaction costs to reflect the impact of tenant settlement and our current estimate of remaining costs. As a result, for the year ended December 31, 2022, we recognized a gain of $ 9.3 million. During 2023 and 2022, we | text | 9.3 | monetaryItemType | text: <entity> 9.3 </entity> <entity type> monetaryItemType </entity type> <context> On December 11, 2019, we received proceeds related to the sale under threat of condemnation at San Antonio Center as discussed in our Annual Report on Form 10-K for the year ended December 31, 2019. We indemnified the condemning authority for all costs incurred related to the condemnation proceedings including any payments required to tenants at the property and recorded a corresponding liability for our estimate of these costs. During 2022, we recorded a net reduction of our liability for condemnation and transaction costs to reflect the impact of tenant settlement and our current estimate of remaining costs. As a result, for the year ended December 31, 2022, we recognized a gain of $ 9.3 million. During 2023 and 2022, we </context> | us-gaap:GainLossOnCondemnation |
incurred $ 1.4 million and $ 18.0 million, respectively, of payments to tenants. We incurred no costs during 2024. At December 31, 2024, we have a liability of $ 3.6 million to reflect our estimate of the remaining costs. | text | 3.6 | monetaryItemType | text: <entity> 3.6 </entity> <entity type> monetaryItemType </entity type> <context> incurred $ 1.4 million and $ 18.0 million, respectively, of payments to tenants. We incurred no costs during 2024. At December 31, 2024, we have a liability of $ 3.6 million to reflect our estimate of the remaining costs. </context> | us-gaap:LitigationReserve |
In 2018, we formed a new joint venture to develop Freedom Plaza, a grocery anchored shopping center in Los Angeles County, California. We own approximately 92 % of the venture. The development generated income tax credits under the New Market Tax Credit Program ("NMTC"), which was provided for in the Community Renewal Tax Relief Act of 2000 ("the Act") and is intended to induce investment in underserved areas in the United States. The Act permits taxpayers to claim credits against their Federal income taxes for qualified investments. A third party bank contributed $ 13.9 million in 2018 to the development, and is entitled to the related tax credit benefits, but they do not have an interest in the underlying economics of the property. The transaction also includes a put/call provision whereby we may be obligated or entitled to purchase the third party bank's interest. We believe the put will be exercised at its $ 1,000 strike price. Based on our assessment of control, we concluded that the project and certain other transaction related entities should be consolidated. The $ 13.9 million received in exchange for the transfer of the tax credits was deferred and will be recognized when the tax benefits are delivered to the third party bank without risk of recapture. Direct and incremental costs of $ 1.6 million incurred in structuring the NMTC transaction have also been deferred. The Trust anticipates recognizing the net cash received as revenue upon completion of the seven-year NMTC compliance period. | text | 92 | percentItemType | text: <entity> 92 </entity> <entity type> percentItemType </entity type> <context> In 2018, we formed a new joint venture to develop Freedom Plaza, a grocery anchored shopping center in Los Angeles County, California. We own approximately 92 % of the venture. The development generated income tax credits under the New Market Tax Credit Program ("NMTC"), which was provided for in the Community Renewal Tax Relief Act of 2000 ("the Act") and is intended to induce investment in underserved areas in the United States. The Act permits taxpayers to claim credits against their Federal income taxes for qualified investments. A third party bank contributed $ 13.9 million in 2018 to the development, and is entitled to the related tax credit benefits, but they do not have an interest in the underlying economics of the property. The transaction also includes a put/call provision whereby we may be obligated or entitled to purchase the third party bank's interest. We believe the put will be exercised at its $ 1,000 strike price. Based on our assessment of control, we concluded that the project and certain other transaction related entities should be consolidated. The $ 13.9 million received in exchange for the transfer of the tax credits was deferred and will be recognized when the tax benefits are delivered to the third party bank without risk of recapture. Direct and incremental costs of $ 1.6 million incurred in structuring the NMTC transaction have also been deferred. The Trust anticipates recognizing the net cash received as revenue upon completion of the seven-year NMTC compliance period. </context> | us-gaap:VariableInterestEntityOwnershipPercentage |
At December 31, 2024, we had letters of credit outstanding of approximately $ 5.9 million. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we had letters of credit outstanding of approximately $ 5.9 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
As of December 31, 2024 in connection with capital improvement, development, and redevelopment projects, we have contractual obligations of approximately $ 252.4 million. | text | 252.4 | monetaryItemType | text: <entity> 252.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 in connection with capital improvement, development, and redevelopment projects, we have contractual obligations of approximately $ 252.4 million. </context> | us-gaap:ContractualObligation |
Under the terms of certain partnership agreements, the partners have the right to exchange their operating partnership units for cash or the same number of our common shares, at our option. A total of 608,348 downREIT operating partnership units are outstanding which have a total fair value of $ 68.1 million, based on our closing stock price on December 31, 2024. | text | 608348 | sharesItemType | text: <entity> 608348 </entity> <entity type> sharesItemType </entity type> <context> Under the terms of certain partnership agreements, the partners have the right to exchange their operating partnership units for cash or the same number of our common shares, at our option. A total of 608,348 downREIT operating partnership units are outstanding which have a total fair value of $ 68.1 million, based on our closing stock price on December 31, 2024. </context> | us-gaap:PartnersCapitalAccountUnits |
We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. | text | 18101 | sharesItemType | text: <entity> 18101 </entity> <entity type> sharesItemType </entity type> <context> We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. </context> | us-gaap:StockIssuedDuringPeriodSharesDividendReinvestmentPlan |
We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. | text | 19847 | sharesItemType | text: <entity> 19847 </entity> <entity type> sharesItemType </entity type> <context> We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. </context> | us-gaap:StockIssuedDuringPeriodSharesDividendReinvestmentPlan |
We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. | text | 19502 | sharesItemType | text: <entity> 19502 </entity> <entity type> sharesItemType </entity type> <context> We have a Dividend Reinvestment Plan (the “Plan”), whereby shareholders may use their dividends and optional cash payments to purchase shares. In 2024, 2023 and 2022, 18,101 shares, 19,847 shares, and 19,502 shares, respectively, were issued under the Plan. </context> | us-gaap:StockIssuedDuringPeriodSharesDividendReinvestmentPlan |
For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering | text | 2059654 | sharesItemType | text: <entity> 2059654 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering | text | 222.3 | monetaryItemType | text: <entity> 222.3 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering </context> | us-gaap:PaymentsOfStockIssuanceCosts |
For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, we issued 2,059,654 common shares at a weighted average price per share of $ 109.20 for net cash proceeds of $ 222.3 million including paying $ 2.2 million in commissions and $ 0.4 million in additional offering </context> | us-gaap:PaymentsOfStockIssuanceCosts |
expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. | text | 1309994 | sharesItemType | text: <entity> 1309994 </entity> <entity type> sharesItemType </entity type> <context> expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. | text | 131.7 | monetaryItemType | text: <entity> 131.7 </entity> <entity type> monetaryItemType </entity type> <context> expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. </context> | us-gaap:PaymentsOfStockIssuanceCosts |
expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> expenses related to the sales of these common shares. For the year ended December 31, 2023, we issued 1,309,994 common shares at a weighted average price per share of $ 101.74 for net cash proceeds of $ 131.7 million including paying $ 1.3 million in commissions and $ 0.2 million in additional offering expenses related to the sales of these common shares. </context> | us-gaap:PaymentsOfStockIssuanceCosts |
We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. | text | 1186422 | sharesItemType | text: <entity> 1186422 </entity> <entity type> sharesItemType </entity type> <context> We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. </context> | us-gaap:ForwardContractIndexedToIssuersEquityIndexedShares |
We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. | text | 709925 | sharesItemType | text: <entity> 709925 </entity> <entity type> sharesItemType </entity type> <context> We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. | text | 81.7 | monetaryItemType | text: <entity> 81.7 </entity> <entity type> monetaryItemType </entity type> <context> We also entered into forward sales contracts for the year ended December 31, 2024 for 1,186,422 common shares under our ATM equity program at a weighted average offering price of $ 115.72 . During 2024, we settled a portion of the forward sales agreements entered into during the year by issuing 709,925 common shares for net proceeds of $ 81.7 million. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
Effective May 4, 2023, our Declaration of Trust was amended to increase the number of authorized common shares of beneficial interest to 200,000,000 . | text | 200000000 | sharesItemType | text: <entity> 200000000 </entity> <entity type> sharesItemType </entity type> <context> Effective May 4, 2023, our Declaration of Trust was amended to increase the number of authorized common shares of beneficial interest to 200,000,000 . </context> | us-gaap:CommonStockSharesAuthorized |
On October 30, 2024, the Trustees declared a quarterly cash dividend of $ 1.10 per common share, payable January 15, 2025 to common shareholders of record on January 2, 2025. | text | 1.10 | perShareItemType | text: <entity> 1.10 </entity> <entity type> perShareItemType </entity type> <context> On October 30, 2024, the Trustees declared a quarterly cash dividend of $ 1.10 per common share, payable January 15, 2025 to common shareholders of record on January 2, 2025. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
At December 31, 2024, our 102 predominantly retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. There are approximately 3,500 commercial leases and 3,100 residential leases. Our commercial tenants range from sole proprietorships to national retailers and corporations. At December 31, 2024, no one tenant or corporate group of tenants accounted for more than 2.6 % of annualized base rent. | text | 102 | integerItemType | text: <entity> 102 </entity> <entity type> integerItemType </entity type> <context> At December 31, 2024, our 102 predominantly retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. There are approximately 3,500 commercial leases and 3,100 residential leases. Our commercial tenants range from sole proprietorships to national retailers and corporations. At December 31, 2024, no one tenant or corporate group of tenants accounted for more than 2.6 % of annualized base rent. </context> | us-gaap:NumberOfRealEstateProperties |
At December 31, 2024, our 102 predominantly retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. There are approximately 3,500 commercial leases and 3,100 residential leases. Our commercial tenants range from sole proprietorships to national retailers and corporations. At December 31, 2024, no one tenant or corporate group of tenants accounted for more than 2.6 % of annualized base rent. | text | 12 | integerItemType | text: <entity> 12 </entity> <entity type> integerItemType </entity type> <context> At December 31, 2024, our 102 predominantly retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. There are approximately 3,500 commercial leases and 3,100 residential leases. Our commercial tenants range from sole proprietorships to national retailers and corporations. At December 31, 2024, no one tenant or corporate group of tenants accounted for more than 2.6 % of annualized base rent. </context> | us-gaap:NumberOfStatesInWhichEntityOperates |
As of December 31, 2024, we have grants outstanding under two share-based compensation plans. In May 2020, our shareholders approved the 2020 Performance Incentive Plan ("the 2020 Plan"), which authorized the grant of share options, common shares, and other share-based awards for up to 1,750,000 common shares of beneficial interest. Our 2010 Long Term Incentive Plan, as amended (the "2010 Plan”), which expired in May 2020, authorized the grant of share options, common shares and other share-based awards for up to 2,450,000 common shares of beneficial interest. | text | 1750000 | sharesItemType | text: <entity> 1750000 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2024, we have grants outstanding under two share-based compensation plans. In May 2020, our shareholders approved the 2020 Performance Incentive Plan ("the 2020 Plan"), which authorized the grant of share options, common shares, and other share-based awards for up to 1,750,000 common shares of beneficial interest. Our 2010 Long Term Incentive Plan, as amended (the "2010 Plan”), which expired in May 2020, authorized the grant of share options, common shares and other share-based awards for up to 2,450,000 common shares of beneficial interest. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
As of December 31, 2024, we have grants outstanding under two share-based compensation plans. In May 2020, our shareholders approved the 2020 Performance Incentive Plan ("the 2020 Plan"), which authorized the grant of share options, common shares, and other share-based awards for up to 1,750,000 common shares of beneficial interest. Our 2010 Long Term Incentive Plan, as amended (the "2010 Plan”), which expired in May 2020, authorized the grant of share options, common shares and other share-based awards for up to 2,450,000 common shares of beneficial interest. | text | 2450000 | sharesItemType | text: <entity> 2450000 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2024, we have grants outstanding under two share-based compensation plans. In May 2020, our shareholders approved the 2020 Performance Incentive Plan ("the 2020 Plan"), which authorized the grant of share options, common shares, and other share-based awards for up to 1,750,000 common shares of beneficial interest. Our 2010 Long Term Incentive Plan, as amended (the "2010 Plan”), which expired in May 2020, authorized the grant of share options, common shares and other share-based awards for up to 2,450,000 common shares of beneficial interest. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The weighted-average grant-date fair value of options granted in 2024 was $ 24.59 per share. The following table provides a summary of option activity for 2024: | text | 24.59 | perShareItemType | text: <entity> 24.59 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average grant-date fair value of options granted in 2024 was $ 24.59 per share. The following table provides a summary of option activity for 2024: </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 101.84 | perShareItemType | text: <entity> 101.84 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 109.44 | perShareItemType | text: <entity> 109.44 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 125.34 | perShareItemType | text: <entity> 125.34 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 17.3 | monetaryItemType | text: <entity> 17.3 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 14.4 | monetaryItemType | text: <entity> 14.4 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. | text | 14.3 | monetaryItemType | text: <entity> 14.3 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average grant-date fair value of stock awarded in 2024, 2023 and 2022 was $ 101.84 , $ 109.44 and $ 125.34 , respectively. The total vesting-date fair value of shares vested during the year ended December 31, 2024, 2023 and 2022, was $ 17.3 million, $ 14.4 million and $ 14.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . | text | 10441 | sharesItemType | text: <entity> 10441 </entity> <entity type> sharesItemType </entity type> <context> On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . | text | 7204 | sharesItemType | text: <entity> 7204 </entity> <entity type> sharesItemType </entity type> <context> On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . | text | 97.01 | perShareItemType | text: <entity> 97.01 </entity> <entity type> perShareItemType </entity type> <context> On February 10, 2021, 10,441 restricted stock units were awarded to an officer, of which 7,204 vested on January 7, 2025, based on meeting certain market based performance criteria. The amount of dividend equivalent rights related to these units is approximately $ 0.1 million, and was recorded against retained earnings for the year ended December 31, 2024. The weighted-average grant-date fair value of the restricted stock units awarded in 2021 was $ 97.01 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
As of December 31, 2024, there was $ 16.9 million of total unrecognized compensation cost related to unvested share-based compensation arrangements (i.e. options and unvested shares) granted under our plans. This cost is expected to be recognized over the next 3.5 years with a weighted-average period of 1.8 years. | text | 16.9 | monetaryItemType | text: <entity> 16.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was $ 16.9 million of total unrecognized compensation cost related to unvested share-based compensation arrangements (i.e. options and unvested shares) granted under our plans. This cost is expected to be recognized over the next 3.5 years with a weighted-average period of 1.8 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 23000 | monetaryItemType | text: <entity> 23000 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 22500 | monetaryItemType | text: <entity> 22500 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 20500 | monetaryItemType | text: <entity> 20500 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 1012000 | monetaryItemType | text: <entity> 1012000 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 960000 | monetaryItemType | text: <entity> 960000 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. | text | 869000 | monetaryItemType | text: <entity> 869000 </entity> <entity type> monetaryItemType </entity type> <context> We have a savings and retirement plan in accordance with the provisions of Section 401(k) of the Code. Generally, employees can elect, at their discretion, to contribute a portion of their compensation up to a maximum of $ 23,000 for 2024, $ 22,500 for 2023, and 20,500 for 2022. Under the plan, we contribute 50 % of each employee’s elective deferrals up to 5 % of eligible earnings. In addition, we may make discretionary contributions within the limits of deductibility set forth by the Code. Our full-time employees are immediately eligible to become plan participants. Employees are eligible to receive matching contributions immediately on their participation; however, these matching payments will not vest until their third anniversary of employment. Our expense for the years ended December 31, 2024, 2023 and 2022 was approximately $ 1,012,000 , $ 960,000 and $ 869,000 , respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
A non-qualified deferred compensation plan for our officers and certain other employees was established in 1994 that allows the participants to defer a portion of their income. As of December 31, 2024 and 2023, we are liable to participants for approximately $ 24.0 million and $ 22.0 million, respectively, under this plan. Although this is an unfunded plan, we have | text | 24.0 | monetaryItemType | text: <entity> 24.0 </entity> <entity type> monetaryItemType </entity type> <context> A non-qualified deferred compensation plan for our officers and certain other employees was established in 1994 that allows the participants to defer a portion of their income. As of December 31, 2024 and 2023, we are liable to participants for approximately $ 24.0 million and $ 22.0 million, respectively, under this plan. Although this is an unfunded plan, we have </context> | us-gaap:DeferredCompensationArrangementWithIndividualRecordedLiability |
A non-qualified deferred compensation plan for our officers and certain other employees was established in 1994 that allows the participants to defer a portion of their income. As of December 31, 2024 and 2023, we are liable to participants for approximately $ 24.0 million and $ 22.0 million, respectively, under this plan. Although this is an unfunded plan, we have | text | 22.0 | monetaryItemType | text: <entity> 22.0 </entity> <entity type> monetaryItemType </entity type> <context> A non-qualified deferred compensation plan for our officers and certain other employees was established in 1994 that allows the participants to defer a portion of their income. As of December 31, 2024 and 2023, we are liable to participants for approximately $ 24.0 million and $ 22.0 million, respectively, under this plan. Although this is an unfunded plan, we have </context> | us-gaap:DeferredCompensationArrangementWithIndividualRecordedLiability |
On January 9, 2025, we repaid a $ 1.2 million mortgage loan at our Hoboken property, at par. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> On January 9, 2025, we repaid a $ 1.2 million mortgage loan at our Hoboken property, at par. </context> | us-gaap:RepaymentsOfLongTermDebt |
Properties that are nonoperational as a result of repositioning or redevelopment activity may qualify for varying levels of interest, insurance and real estate tax capitalization during the redevelopment and construction period. An increase in our repositioning and redevelopment activities resulting from value-add acquisitions could cause an increase in the asset balances qualifying for interest, insurance and tax capitalization in future periods. We capitalized $ 23.6 million of interest expense and $ 7.1 million of insurance and real estate tax expense during the year ended December 31, 2023, related to our repositioning and redevelopment projects. | text | 23.6 | monetaryItemType | text: <entity> 23.6 </entity> <entity type> monetaryItemType </entity type> <context> Properties that are nonoperational as a result of repositioning or redevelopment activity may qualify for varying levels of interest, insurance and real estate tax capitalization during the redevelopment and construction period. An increase in our repositioning and redevelopment activities resulting from value-add acquisitions could cause an increase in the asset balances qualifying for interest, insurance and tax capitalization in future periods. We capitalized $ 23.6 million of interest expense and $ 7.1 million of insurance and real estate tax expense during the year ended December 31, 2023, related to our repositioning and redevelopment projects. </context> | us-gaap:InterestCostsCapitalized |
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (“REIT”) focused on owning and operating industrial properties in Southern California infill markets. We were formed as a Maryland corporation on January 18, 2013, and Rexford Industrial Realty, L.P. (the “Operating Partnership”), of which we are the sole general partner, was formed as a Maryland limited partnership on January 18, 2013. Through our controlling interest in our Operating Partnership and its subsidiaries, we own, manage, lease, acquire, reposition and redevelop industrial real estate principally located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial zoned property or property suitable for industrial development. As of December 31, 2023, our consolidated portfolio consisted of 373 properties with approximately 45.9 million rentable square feet. | text | 373 | integerItemType | text: <entity> 373 </entity> <entity type> integerItemType </entity type> <context> Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (“REIT”) focused on owning and operating industrial properties in Southern California infill markets. We were formed as a Maryland corporation on January 18, 2013, and Rexford Industrial Realty, L.P. (the “Operating Partnership”), of which we are the sole general partner, was formed as a Maryland limited partnership on January 18, 2013. Through our controlling interest in our Operating Partnership and its subsidiaries, we own, manage, lease, acquire, reposition and redevelop industrial real estate principally located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial zoned property or property suitable for industrial development. As of December 31, 2023, our consolidated portfolio consisted of 373 properties with approximately 45.9 million rentable square feet. </context> | us-gaap:NumberOfRealEstateProperties |
We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. | text | 23.6 | monetaryItemType | text: <entity> 23.6 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. | text | 12.2 | monetaryItemType | text: <entity> 12.2 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4.5 | monetaryItemType | text: <entity> 4.5 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest costs of $ 23.6 million, $ 12.2 million and $ 4.5 million during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized real estate taxes and insurance aggregating $ 7.1 million, $ 5.2 million, and $ 2.2 million and during the years ended December 31, 2023, 2022 and 2021, respectively. We capitalized compensation costs for employees who provide construction services of $ 11.1 million, $ 8.7 million and $ 6.1 million during the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
During the year ended December 31, 2021, in connection with the execution of a sublease for one of our office space leases, we recorded a $ 1.0 million impairment charge to reduce the carrying value of the related ROU asset. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are presented in “Other expenses” in the consolidated statements of operations. See also “Note 7 – Leases” for details. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2021, in connection with the execution of a sublease for one of our office space leases, we recorded a $ 1.0 million impairment charge to reduce the carrying value of the related ROU asset. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are presented in “Other expenses” in the consolidated statements of operations. See also “Note 7 – Leases” for details. </context> | us-gaap:OperatingLeaseImpairmentLoss |
During the year ended December 31, 2021, in connection with the execution of a sublease for one of our office space leases, we recorded a $ 1.0 million impairment charge to reduce the carrying value of the related ROU asset. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are presented in “Other expenses” in the consolidated statements of operations. See also “Note 7 – Leases” for details. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2021, in connection with the execution of a sublease for one of our office space leases, we recorded a $ 1.0 million impairment charge to reduce the carrying value of the related ROU asset. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are presented in “Other expenses” in the consolidated statements of operations. See also “Note 7 – Leases” for details. </context> | us-gaap:OperatingLeaseImpairmentLoss |
Represents the gross contractual purchase price before certain credits, prorations, closing costs and other acquisition related costs. Including $ 3.8 million of capitalized closing costs and acquisition related costs net of certain credits, the total aggregate initial investment was $ 1.354 billion. Each acquisition was funded with available cash on hand unless otherwise noted. | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> Represents the gross contractual purchase price before certain credits, prorations, closing costs and other acquisition related costs. Including $ 3.8 million of capitalized closing costs and acquisition related costs net of certain credits, the total aggregate initial investment was $ 1.354 billion. Each acquisition was funded with available cash on hand unless otherwise noted. </context> | us-gaap:AssetAcquisitionConsiderationTransferredTransactionCost |
Represents the gross contractual purchase price before credits, prorations, closing costs and other acquisition related costs. Including $ 27.7 million of capitalized closing costs and acquisition related costs, the total aggregate initial investment was $ 2.42 billion. Each acquisition was funded with available cash on hand unless otherwise noted. | text | 27.7 | monetaryItemType | text: <entity> 27.7 </entity> <entity type> monetaryItemType </entity type> <context> Represents the gross contractual purchase price before credits, prorations, closing costs and other acquisition related costs. Including $ 27.7 million of capitalized closing costs and acquisition related costs, the total aggregate initial investment was $ 2.42 billion. Each acquisition was funded with available cash on hand unless otherwise noted. </context> | us-gaap:AssetAcquisitionConsiderationTransferredTransactionCost |
The acquisition of the Long Beach Business Park was funded through a combination of cash on hand and the issuance of 164,998 3.00 % Cumulative Redeemable Convertible Preferred Units of partnership interest in the Operating Partnership. See “Note 13 – Noncontrolling Interests – Preferred Units – Series 3 CPOP Units” for additional details. | text | 3.00 | percentItemType | text: <entity> 3.00 </entity> <entity type> percentItemType </entity type> <context> The acquisition of the Long Beach Business Park was funded through a combination of cash on hand and the issuance of 164,998 3.00 % Cumulative Redeemable Convertible Preferred Units of partnership interest in the Operating Partnership. See “Note 13 – Noncontrolling Interests – Preferred Units – Series 3 CPOP Units” for additional details. </context> | us-gaap:PreferredStockDividendRatePercentage |
On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. | text | 80.7 | monetaryItemType | text: <entity> 80.7 </entity> <entity type> monetaryItemType </entity type> <context> On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. </context> | us-gaap:AssetAcquisitionConsiderationTransferred |
On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. | text | 954000 | sharesItemType | text: <entity> 954000 </entity> <entity type> sharesItemType </entity type> <context> On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. </context> | us-gaap:LimitedPartnersCapitalAccountUnitsIssued |
On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. | text | 56.2 | monetaryItemType | text: <entity> 56.2 </entity> <entity type> monetaryItemType </entity type> <context> On May 25, 2022, we acquired the property located at 14200-14220 Arminta Street for a purchase price of $ 80.7 million, exclusive of closing costs. The acquisition was funded through a combination of cash on hand and the issuance of 954,000 common units of limited partnership interests in the Operating Partnership valued at $ 56.2 million. </context> | us-gaap:NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance |
For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. | text | 29.4 | monetaryItemType | text: <entity> 29.4 </entity> <entity type> monetaryItemType </entity type> <context> For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. </context> | us-gaap:FiniteLivedIntangibleAssetAcquiredInPlaceLeases |
For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. </context> | us-gaap:FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross |
For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. | text | 63.7 | monetaryItemType | text: <entity> 63.7 </entity> <entity type> monetaryItemType </entity type> <context> For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. </context> | us-gaap:FiniteLivedIntangibleAssetAcquiredInPlaceLeases |
For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. </context> | us-gaap:FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross |
For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. | text | 13.0 | monetaryItemType | text: <entity> 13.0 </entity> <entity type> monetaryItemType </entity type> <context> For the 2023 acquisitions, acquired lease intangible assets are comprised of $ 29.4 million of in-place lease intangibles with a weighted average amortization period of 11.9 years and $ 0.1 million of above-market lease intangibles with a weighted average amortization period of 5.2 years. For the 2022 acquisitions, acquired lease intangible assets are comprised of $ 63.7 million of in-place lease intangibles with a weighted average amortization period of 5.8 years, $ 5.9 million of above-market lease intangibles with a weighted average amortization period of 6.9 years and a $ 13.0 million below-market ground lease intangible with an amortization period of 78.9 years. </context> | us-gaap:FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross |
In addition to other liabilities assumed at the time of acquisition, the amount for 2023 includes one-year of prepaid rent totaling $ 23.9 million paid by a seller/tenant at the time of closing not related to off-market transaction terms. | text | 23.9 | monetaryItemType | text: <entity> 23.9 </entity> <entity type> monetaryItemType </entity type> <context> In addition to other liabilities assumed at the time of acquisition, the amount for 2023 includes one-year of prepaid rent totaling $ 23.9 million paid by a seller/tenant at the time of closing not related to off-market transaction terms. </context> | us-gaap:PrepaidRent |
On October 26, 2023, in conjunction with the acquisition of the property located at 15801 West 1st Street, we issued a $ 125.0 million loan to the seller that is securitized by an adjacent 150 -acre industrial development site as well as two escrow reserve accounts that were funded with loan proceeds at closing (the “loan collateral”). At issuance, the loan receivable has a loan to value ratio of less than 60 % based on the estimated fair value of the loan collateral. The loan bears interest at 7.50 % per annum, requires monthly interest-only payments with a balloon payment at maturity, and has an effective interest rate of 8.00 % including loan origination costs and fees. The loan has a maturity date of October 26, 2028, with one 1-year extension available at the borrower’s option, subject to certain conditions plus the payment of a 0.25 % extension fee. The loan allows for prepayment, in part or whole, with penalties ranging from 1.00 % to 2.00 % of the amount prepaid, depending on the timing of the prepayment. The loan also includes a right of first offer for us to acquire the underlying industrial development site in the future. | text | 125.0 | monetaryItemType | text: <entity> 125.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 26, 2023, in conjunction with the acquisition of the property located at 15801 West 1st Street, we issued a $ 125.0 million loan to the seller that is securitized by an adjacent 150 -acre industrial development site as well as two escrow reserve accounts that were funded with loan proceeds at closing (the “loan collateral”). At issuance, the loan receivable has a loan to value ratio of less than 60 % based on the estimated fair value of the loan collateral. The loan bears interest at 7.50 % per annum, requires monthly interest-only payments with a balloon payment at maturity, and has an effective interest rate of 8.00 % including loan origination costs and fees. The loan has a maturity date of October 26, 2028, with one 1-year extension available at the borrower’s option, subject to certain conditions plus the payment of a 0.25 % extension fee. The loan allows for prepayment, in part or whole, with penalties ranging from 1.00 % to 2.00 % of the amount prepaid, depending on the timing of the prepayment. The loan also includes a right of first offer for us to acquire the underlying industrial development site in the future. </context> | us-gaap:LoansAndLeasesReceivableGrossCarryingAmount |
As of December 31, 2023, the carrying value of the loan receivable was $ 122.8 million, which reflects $ 2.2 million of unamortized origination fees/costs. Based on our current assessment of the credit loss evaluation criteria, we determined that the allowance for potential credit losses on our loan receivable is immaterial as of December 31, 2023. | text | 122.8 | monetaryItemType | text: <entity> 122.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the carrying value of the loan receivable was $ 122.8 million, which reflects $ 2.2 million of unamortized origination fees/costs. Based on our current assessment of the credit loss evaluation criteria, we determined that the allowance for potential credit losses on our loan receivable is immaterial as of December 31, 2023. </context> | us-gaap:LoansAndLeasesReceivableNetReportedAmount |
As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the </context> | us-gaap:DebtInstrumentInterestRateIncreaseDecrease |
As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the | text | 0.725 | percentItemType | text: <entity> 0.725 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the | text | 0.80 | percentItemType | text: <entity> 0.80 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the interest rates on these loans are comprised of daily Secured Overnight Financing Rate (“SOFR”) for both the unsecured revolving credit facility and $ 400.0 million unsecured term loan, and 1-month term SOFR (“Term SOFR”) for the $ 300.0 million unsecured term loan (in each case increased by a 0.10 % SOFR adjustment), plus an applicable margin of 0.725 % per annum for the unsecured revolving credit facility and 0.80 % per annum for the </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
$ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. </context> | us-gaap:DebtInstrumentCarryingAmount |
$ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. </context> | us-gaap:DebtInstrumentCarryingAmount |
$ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. | text | 0 | percentItemType | text: <entity> 0 </entity> <entity type> percentItemType </entity type> <context> $ 300.0 million and $ 400.0 million unsecured term loans, based on our leverage ratio and investment grade ratings, minus a sustainability-related interest rate adjustment of 0.04 %. These loans are also subject to a 0 % SOFR floor. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The unsecured revolving credit facility has two six -month extensions and the $ 400.0 million unsecured term loan has two one-year extensions available at the borrower’s option, subject to certain terms and conditions. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> The unsecured revolving credit facility has two six -month extensions and the $ 400.0 million unsecured term loan has two one-year extensions available at the borrower’s option, subject to certain terms and conditions. </context> | us-gaap:DebtInstrumentCarryingAmount |
Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DebtInstrumentCarryingAmount |
Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 3.97231 | percentItemType | text: <entity> 3.97231 </entity> <entity type> percentItemType </entity type> <context> Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DerivativeAverageFixedInterestRate |
Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 4.83231 | percentItemType | text: <entity> 4.83231 </entity> <entity type> percentItemType </entity type> <context> Effective April 3, 2023, daily SOFR for our $ 400.0 million unsecured term loan has been swapped to a fixed rate of 3.97231 %, resulting in an all-in fixed rate of 4.83231 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DebtInstrumentFaceAmount |
Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 2.81725 | percentItemType | text: <entity> 2.81725 </entity> <entity type> percentItemType </entity type> <context> Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DerivativeAverageFixedInterestRate |
Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. | text | 3.67725 | percentItemType | text: <entity> 3.67725 </entity> <entity type> percentItemType </entity type> <context> Effective July 27, 2022, Term SOFR for our $ 300.0 million unsecured term loan has been swapped to a fixed rate of 2.81725 %, resulting in an all-in fixed rate of 3.67725 % after adding the SOFR adjustment and applicable margin and subtracting the sustainability-related interest rate adjustment. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 24270 | monetaryItemType | text: <entity> 24270 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.