Mortgage and Unsecured Debt As of December 31, 2024 (Dollars in thousands)
Taubman Realty Group Indebtedness:
Interest
TRG Share
Annual Debt Maturity
Secured Indebtedness:
Rate
of Face Amount Service (1)
Date
CherryCreekShoppingCenter.......................... 3.85% CityCreekCenter.................................... 7.63 % DolphinMall ........................................ 5.40 % (44) GardensMall,The.................................... 4.48% GreatLakesCrossingOutlets........................... 6.52% InternationalPlaza ................................... 6.07 % (43) MallatMillenia,The .................................. 5.41 % MallatShortHills,The ................................ 3.48 % Mall at University Town Center, The . . . . . . . . . . . . . . . . . . . . . . 3.40 % Sunvalley........................................... 4.44 % TwelveOaksMall .................................... 4.85% WatersideShops..................................... 3.86% Westfarms.......................................... 7.80 % CityOn.Xian......................................... 5.00 % CityOn.Zhengzhou ................................... 4.95 % StarfieldAnseong .................................... 2.17 % StarfieldHanam ..................................... 2.38 % Total TRG Secured Indebtedness at TRG Share of Face Amount .......................................... Corporate and Other Indebtedness: TRG - $650M Revolving Credit Facility - Variable . . . . . . . . . . . . 5.48 % (48) TRG - $650M Revolving Credit Facility - Fixed . . . . . . . . . . . . . . 5.29 % (27) TRG - $65M Revolving Credit Facility . . . . . . . . . . . . . . . . . . . . . 5.83 % (49) Other.............................................. 6.58 %
$ 275,000
$ 10,588 (2) 06/01/28 5,341 (2) 05/01/29 54,000 (2) 12/09/29 (3)
70,000
1,000,000
95,218 180,000 238,977 225,000
7,580
07/15/25
11,736 (2) 02/01/33 14,506 (2) 10/09/26 (3) 12,173 (2) 10/15/29 34,800 (2) 10/01/27
1,000,000
134,440 69,288 266,753 76,890 191,035
7,398 6,988
11/01/26
09/01/25 (3)
18,630
03/06/28 04/15/26
4,612
14,901 (2) 09/06/28
25,186 (46) 28,269 (46) 104,966 (45) 73,476 (45)
7,098 5,982
03/14/29 03/22/32
2,278 (2) 02/27/25 1,749 (2) 10/26/25
$ 4,054,498
65,000 150,000 17,500 12,000
3,562 (2) 03/31/27 (3) 7,935 (2) 03/31/27 (3) 1,020 (2) 04/19/25 790 (2) 11/01/27 (3)
Total TRG Corporate and Other Indebtedness at TRG Share of Face Amount .............................. Total TRG Indebtedness at TRG Share .................. Our Share of TRG Indebtedness .......................
$ 244,500 $ 4,298,998 $ 3,783,118
(1) Variable rate loans based on one-month (1M) SOFR plus interest rate spreads ranging from 110 bps to 310 bps. 1M SOFR as of December 31, 2024 was 4.33%. (2) Requires monthly payment of interest only. (3) Includes applicable extension available at the Applicable Borrower’s option. (4) Credit Facilities. As of December 31, 2024, the Credit Facilities bear interest at a variable rate loan based on 1M EURIBOR plus interest rate spread of 72.5 bps. (5) Amount shown in USD equivalent. CAD Equivalent is 421.5 million. (6) Requires annual payment of interest only. (7) Variable rate loans based on Cost of Fund plus an interest rate spreads ranging from 125 bps to 150 bps. Cost of Fund as of December 31, 2024 was 3.8131%. (8) Mortgage is outstanding as of 12/31/2024.
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