| Schedule of Mortgages Payable |
The following is a summary of mortgages payable as of September 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | | Maturity | | Interest Rate at September 30, 2026 | | September 30, 2026 | | December 31, 2025 | | Mortgages secured by: | | | | | | | | | | Town Brook Commons | | 12/1/2026 | | 3.78% | | $ | 28,468 | | | $ | 28,965 | | | Rockaway River Commons | | 12/1/2026 | | 3.78% | | 25,204 | | | 25,645 | | | Hanover Commons | | 12/10/2026 | | 4.03% | | 57,987 | | | 58,935 | | | Tonnelle Commons | | 4/1/2027 | | 4.18% | | 91,893 | | | 93,377 | | | Manchester Plaza | | 6/1/2027 | | 4.32% | | 12,500 | | | 12,500 | | | Millburn Gateway Center | | 6/1/2027 | | 3.97% | | 20,614 | | | 21,013 | | | Totowa Commons | | 12/1/2027 | | 4.33% | | 50,800 | | | 50,800 | | | Woodbridge Commons | | 12/1/2027 | | 4.36% | | 22,100 | | | 22,100 | | | Brunswick Commons | | 12/6/2027 | | 4.38% | | 63,000 | | | 63,000 | | | Rutherford Commons | | 1/6/2028 | | 4.49% | | 23,000 | | | 23,000 | | | Hackensack Commons | | 3/1/2028 | | 4.36% | | 66,400 | | | 66,400 | | | Marlton Commons | | 12/1/2028 | | 3.86% | | 34,730 | | | 35,295 | | | Yonkers Gateway Center | | 4/10/2029 | | 6.30% | | 50,000 | | | 50,000 | | | Ledgewood Commons | | 5/5/2029 | | 6.03% | | 50,000 | | | 50,000 | | | The Shops at Riverwood | | 6/24/2029 | | 4.25% | | 20,281 | | | 20,577 | | | Shops at Bruckner | | 7/1/2029 | | 6.00% | | 36,452 | | | 36,848 | | Shoppers World(1) | | 8/15/2029 | | 5.12% | | 123,600 | | | 123,600 | | | Greenbrook Commons | | 9/1/2029 | | 6.03% | | 31,000 | | | 31,000 | | | Huntington Commons | | 12/5/2029 | | 6.29% | | 43,326 | | | 43,704 | | | Bergen Town Center | | 4/10/2030 | | 6.30% | | 285,167 | | | 287,779 | | | The Outlets at Montehiedra | | 6/1/2030 | | 5.00% | | 69,739 | | | 71,412 | | Montclair(2) | | 8/15/2030 | | 3.15% | | 7,091 | | | 7,201 | | | Garfield Commons | | 12/1/2030 | | 4.14% | | 37,548 | | | 38,134 | | | Shops at Caguas | | 1/31/2031 | | 6.15% | | 78,784 | | | 79,983 | | The Village at Waugh Chapel(3) | | 12/1/2031 | | 3.76% | | 56,318 | | | 55,784 | | | Brick Commons | | 12/10/2031 | | 5.20% | | 50,000 | | | 50,000 | | | Woodmore Towne Centre | | 1/6/2032 | | 3.39% | | 117,200 | | | 117,200 | | Plaza at Woodbridge(4) | | 3/18/2033 | | 5.03% | | 62,500 | | | — | | | Newington Commons | | 7/1/2033 | | 6.00% | | 15,335 | | | 15,505 | | Briarcliff Commons(5) | | 10/1/2034 | | —% | | — | | | 30,000 | | Mount Kisco Commons(6) | | 11/15/2034 | | 6.40% | | 9,027 | | | 9,631 | | | Total mortgages payable | | | | | | 1,640,064 | | | 1,619,388 | | | Total unamortized debt issuance costs | | (10,197) | | | (12,614) | | | | | | | | Total mortgages payable, net | | $ | 1,629,867 | | | $ | 1,606,774 | | | | | | | | | | |
(1)Bears interest at SOFR plus 170 bps. The variable component of the debt is hedged with an interest rate swap agreement, fixing the rate at 5.12%, which expires at the maturity of the loan. (2)Bears interest at SOFR plus 257 bps. The fixed and variable components of the debt are hedged with an interest rate swap agreement, fixing the rate at 3.15%, which expires at the maturity of the loan. (3)The mortgage payable balance includes unamortized debt mark-to-market discount of $3.7 million. (4)Bears interest at SOFR plus 155 bps. The variable component of the debt is hedged with an interest rate swap agreement, fixing the rate at 5.03%, which expires on March 18, 2031. (5)On September 2, 2026, the Company sold the property and the outstanding $30 million mortgage was assumed by the buyer at closing. (6)The mortgage payable balance includes unamortized debt mark-to-market discount of $0.5 million.
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