Seaport Entertainment Group Inc. 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk Quantitative and Qualitative Disclosures About Market Risk Interest Rate Risk We are subject to interest rate risk with respect to our variable-rate mortgage payable as increases in interest rates would cause our payments to increase. With respect to our fixed-rate mortgage payable, increases in interest rates could make it more difficult to refinance such debt when it becomes due. For additional information concerning our debt and management’s estimation process to arrive at a fair value of our debt as required by GAAP, please refer to the Liquidity and Capital Resources section above in Management's Discussion and Analysis of Financial Condition and Results of Operations and Note 5 – Mortgages Payable, Net in the Notes to Unaudited Condensed Financial Statements included in this Quarterly Report. The following table summarizes principal cash flows on our debt obligations and related weighted-average interest rates by expected maturity dates as of June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual Maturity Date ​ ​ ​ thousands except percentages Remaining in 2024 2025 2026 2027 2028 Thereafter Total Mortgages payable $ 963 $ 1,997 $ 117,097 $ 2,201 $ 2,311 $ 32,481 $ 157,050 Weighted-average interest rate ​ 7.97 % 7.53 % 7.16 % 4.92 % 4.92 % 4.92 % ​ ​ ​