v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Total debt outstanding as of December 31, 2025 and 2024 was as follows:
20252024
Debt, gross$122,904 $123,884 
Mortgage discount(1,637)(1,855)
Deferred financing costs, net(1,132)(1,316)
Total Debt, net$120,135 $120,713 
Scheduled Maturities of Mortgage Indebtedness
The Company’s outstanding mortgage indebtedness included 11 mortgage loans with various maturities through January 2036. The following table presents the principal amount of debt maturing each year, including amortization of principal based on debt outstanding at December 31, 2025, and the weighted average interest rates for the maturing debt in each specified period:
For the year ended December 31,As of December 31, 2025Weighted average
interest rate
2026$23,084 4.56 %
202710,785 3.99 %
2028234 — %
202920,245 5.71 %
(1)
203028,208 5.88 %
Thereafter40,348 5.32 %
(1)
Total$122,904 5.25 %
(1)See below for discussion of the derivative agreements entered into with the mortgage loans obtained on Trimble and The Muse. For Trimble (2029), the interest rate in the table above is the fixed rate. For The Muse (thereafter), the interest rate is the rate in effect at December 31, 2025.