Mortgages Payable (Tables) - Mortgages payable:

3 Months Ended

Mar. 31, 2024

Debt

Schedule of Debt

The following table summarizes our mortgages payable as of March 31, 2024 and December 31, 2023 (dollars in millions):

As Of	Number of Properties (1)	Weighted Average Stated Interest Rate (2)		Weighted Average Effective Interest Rate (3)		Weighted Average Remaining Years Until Maturity	Remaining Principal Balance		Unamortized Premium (Discount) and Deferred Financing Costs Balance, net		Mortgage Payable Balance
March 31, 2024	49	4.3	%	4.6	%	1.3	$	201.0	$	(0.9)	$	200.1
December 31, 2023	131	4.8	%	3.3	%	0.4	$	822.4	$	(0.8)	$	821.6

(1)At March 31, 2024, there were 14 mortgages on 49 properties and at December 31, 2023, there were 16 mortgages on 131 properties. With the exception of one Sterling-denominated mortgage which is paid quarterly, the mortgages require monthly payments with principal payments due at maturity. At March 31, 2024 and December 31, 2023, all mortgages were at fixed interest rates.

(2) Stated interest rates ranged from 3.0% to 6.9% at March 31, 2024 and December 31, 2023, respectively.

(3) Effective interest rates ranged from 0.8% to 6.6% and 0.5% to 6.6% at March 31, 2024 and December 31, 2023, respectively.

Schedule of Maturity of Debt, Net

The following table summarizes the maturity of mortgages payable as of March 31, 2024, excluding $0.9 million related to unamortized net discounts and deferred financing costs (dollars in millions):

Year of Maturity	Principal
2024	$	119.3
2025	43.7
2026	12.0
2027	22.3
2028	1.3
Thereafter	2.4
Totals	$	201.0