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Mortgages Payable (Tables) - Mortgages payable | 3 Months Ended
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Mar. 31, 2022
Debt |
Summary of mortgages payable | The following table summarizes our mortgages payable as of March 31, 2022, and December 31, 2021, respectively (dollars in thousands):
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 and Deferred Financing Costs Balance, net |  | Mortgage Payable Balance
3/31/2022 | 221 |  | 4.8 | % |  | 3.4 | % |  | 1.6 |  | $ | 1,069,311 |  |  | $ | 24,288 |  |  | $ | 1,093,599 |
12/31/2021 | 267 |  | 4.8 | % |  | 3.5 | % |  | 1.8 |  | $ | 1,114,129 |  |  | $ | 27,866 |  |  | $ | 1,141,995 |
(1)At March 31, 2022, there were 21 mortgages on 221 properties. At December 31, 2021, there were 22 mortgages on 267 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, 2022, and December 31, 2021, all mortgages were at fixed interest rates. (2) Stated interest rates ranged from 3.0% to 6.9% at each of March 31, 2022, and December 31, 2021. (3) Effective interest rates ranged from 2.6% to 6.0% at each of March 31, 2022, and December 31, 2021.
Schedule of maturity of debt, net | The following table summarizes the maturity of mortgages payable, excluding net premiums of $25.0 million and deferred financing costs of $713,000, as of March 31, 2022 (dollars in millions):
Year of Maturity |  | Principal
2022 |  | $ | 227.5
2023 |  | 62.1
2024 |  | 733.0
2025 |  | 40.8
2026 |  | 1.2
Thereafter |  | 4.7
Totals |  | $ | 1,069.3

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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