Simon Property Group, Inc. Simon Property Group, L.P. Notes to Consolidated Financial Statements (Dollars in thousands, except share, per share, unit and per unit amounts and where indicated as in millions or billions)
investment over the life of the related depreciable components of assets acquired, typically no greater than 40 years, the terms of the applicable leases, the estimated useful lives of the finite lived intangibles, and the applicable debt maturity, respectively. The amortization is included in the reported amount of income from unconsolidated entities. As of December 31, 2022, scheduled principal repayments on these joint venture properties’ mortgage indebtedness, assuming the obligations remain outstanding through the initial maturities, are as follows: 2023......................................................... $ 1,277,532 2024 ......................................................... 2,756,370 2025 ......................................................... 1,853,644 2026 ......................................................... 2,989,001 2027 ......................................................... 2,306,171 Thereafter..................................................... 3,424,158 Totalprincipalmaturities......................................... 14,606,876 Debt issuance costs ............................................ (36,955) Totalmortgages................................................ $ 14,569,921
This debt becomes due in installments over various terms extending through 2035 with interest rates ranging from 0.16% to 13.92% and a weighted average interest rate of 4.32% at December 31, 2022.
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