Intellia Therapeutics NTLA Tech Square Lease — Prepaid Rent
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Where this comes from
Reported directly by Intellia Therapeutics in its filing.
Tagged under the XBRL concept us-gaap:PrepaidRent.
The source filing: Intellia Therapeutics’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:05 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-337952
The initial term of the Tech Square Lease is twelve years and three months beginning in September 2026 (the “Rent Commencement Date”). The Company’s obligation to pay rent will start in December 2026. The Company has an option to extend the Tech Square Lease for an additional term of five years. As of the Rent Commencement Date, the base rent under the Tech Square Lease will be $108.00 per square foot per year, plus certain operating expenses, and taxes. The base rent is subject to scheduled annual increases of 3% in July of each rent year. In addition, the Company is entitled to receive up to $410.00 per square foot of tenant improvement allowances. The Company has recorded $51.4 million of prepaid rent related to the Tech Square Lease within “Prepaid expenses and other current assets” in the condensed consolidated balance sheet as of June 30, 2026.
Item 1. Financial Statements
FAQ
- What is Intellia Therapeutics's tech square lease — prepaid rent?
- Intellia Therapeutics (NTLA) reported tech square lease — prepaid rent of $51.4M in Q2 2026.
- How has Intellia Therapeutics's tech square lease — prepaid rent changed year-over-year?
- Intellia Therapeutics's tech square lease — prepaid rent increased by 655.9% year-over-year, from $6.8M to $51.4M.
- What does tech square lease — prepaid rent mean?
- This metric reflects the amount of rent paid in advance of the period to which it relates, recorded as an asset on the balance sheet. It indicates the company's liquidity position regarding future lease obligations and contractual cash outflows.
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