vornado realty trust72 ( 6 ) on june 21 , 2002 , one of the lenders purchased the other participant 2019s interest in the loan .at the same time , the loan was extended for one year , with certain modifications , including ( i ) making the risk of a loss due to terrorism ( as defined ) not covered by insurance recourse to the company and ( ii ) the granting of two 1-year renewal options to the company .( 7 ) on november 25 , 2003 , the company completed an offering of $ 200000 , aggregate principal amount of 4.75% ( 4.75 % ) senior unsecured notes due december 1 , 2010 .interest on the notes is payable semi-annually on june 1st and december 1st , commencing in 2004 .the notes were priced at 99.869% ( 99.869 % ) of their face amount to yield 4.772% ( 4.772 % ) .the notes contain the same financial covenants that are in the company 2019s notes issued in june 2002 , except the maximum ratio of secured debt to total assets is now 50% ( 50 % ) ( previously 55% ( 55 % ) ) .the net proceeds of approximately $ 198500 were used primarily to repay existing mortgage debt .( 8 ) on july 3 , 2003 , the company entered into a new $ 600000 unsecured revolving credit facility which has replaced its $ 1 billion unsecured revolving credit facility which was to mature in july 2003 .the new facility has a three-year term , a one-year extension option and bears interest at libor plus .65% ( .65 % ) .the company also has the ability under the new facility to seek up to $ 800000 of commitments during the facility 2019s term .the new facility contains financial covenants similar to the prior facility .the net carrying amount of properties collateralizing the notes and mortgages amounted to $ 4557065000 at december 31 , 2003 .as at december 31 , 2003 , the principal repayments required for the next five years and thereafter are as follows : ( amounts in thousands ) .
[['year ending december 31,', 'amount'], ['2004', '$ 296184'], ['2005', '357171'], ['2006', '551539'], ['2007', '807784'], ['2008', '378841'], ['thereafter', '1672866']]
8 .shareholders 2019 equity common shares of beneficial interest on february 25 , 2002 , the company sold 1398743 common shares based on the closing price of $ 42.96 on the nyse .the net proceeds to the company were approximately $ 56453000 .series a preferred shares of beneficial interest holders of series a preferred shares of beneficial interest are entitled to receive dividends in an amount equivalent to $ 3.25 per annum per share .these dividends are cumulative and payable quarterly in arrears .the series a preferred shares are convertible at any time at the option of their respective holders at a conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .in addition , upon the satisfaction of certain conditions the company , at its option , may redeem the $ 3.25 series a preferred shares at a current conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .at no time will the series a preferred shares be redeemable for cash .series b preferred shares of beneficial interest holders of series b preferred shares of beneficial interest are entitled to receive dividends at an annual rate of 8.5% ( 8.5 % ) of the liquidation preference , or $ 2.125 per series b preferred share per annum .these dividends are cumulative and payable quarterly in arrears .the series b preferred shares are not convertible into or exchangeable for any other property or any other securities of the company at the election of the holders .however , subject to certain limitations relating to the source of funds used in connection with any such redemption , on or after march 17 , 2004 ( or sooner under limited circumstances ) , the company , at its option , may redeem series b preferred shares at a redemption price of $ 25.00 per share , plus any accrued and unpaid dividends through the date of redemption .the series b preferred shares have no maturity date and will remain outstanding indefinitely unless redeemed by the company .on february 17 , 2004 , the company has called for the redemption of all of the outstanding series b preferred shares .the shares will be redeemed on march 17 , 2004 at the redemption price of $ 25.00 per share , aggregating $ 85000000 plus accrued dividends .the redemption amount exceeds the carrying amount by $ 2100000 , representing original issuance costs .notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:17 pm page 72 .

Question: as of 2013 , principal payments required in 2008 were what percent of those due after 5 years?
Answer: 22.6%