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American Assets Trust (American Assets Trust) Effective Interest Rate on Debt % : 3.80% (As of Dec. 2023)


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What is American Assets Trust Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. American Assets Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $65.1 Mil. American Assets Trust's average total debt for the quarter that ended in Dec. 2023 was $1,712.9 Mil. Therefore, American Assets Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.80%.


American Assets Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for American Assets Trust's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American Assets Trust Effective Interest Rate on Debt % Chart

American Assets Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.07 3.82 3.76 3.48 3.82

American Assets Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.48 3.72 3.82 3.81 3.80

Competitive Comparison of American Assets Trust's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, American Assets Trust's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Assets Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Assets Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where American Assets Trust's Effective Interest Rate on Debt % falls into.



American Assets Trust Effective Interest Rate on Debt % Calculation

American Assets Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -64.706/( (1673.764+1712.881)/ 2 )
=-1  *  -64.706/1693.3225
=3.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1639.707 + 34.057
=1673.764

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1712.881 + 0
=1712.881

American Assets Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -65.136/( (1712.833+1712.881)/ 2 )
=-1  *  -65.136/1712.857
=3.80 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1712.833 + 0
=1712.833

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1712.881 + 0
=1712.881

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


American Assets Trust  (NYSE:AAT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


American Assets Trust Effective Interest Rate on Debt % Related Terms

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American Assets Trust (American Assets Trust) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
Executives
Ernest S Rady director, 10 percent owner, officer: Executive Chairman 23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll officer: Senior VP, Gen Counsel and Sec 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton officer: Executive Vice President & CFO 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles director 23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri officer: V. P. Construction and Devlp 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney officer: Senior VP of Real Estate Ops 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain director, officer: CEO and President 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc 10 percent owner 3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan director P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr director 405 PARK AVENUE, NEW YORK NY 10022

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