What is NNN REIT 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. NNN REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $173.6 Mil. NNN REIT's average total debt for the quarter that ended in Dec. 2023 was $4,293.9 Mil. Therefore, NNN REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.04%.
NNN REIT Effective Interest Rate on Debt % Historical Data
The historical data trend for NNN REIT'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.
Competitive Comparison of NNN REIT's Effective Interest Rate on Debt %
For the REIT - Retail subindustry, NNN REIT'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.
NNN REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where NNN REIT's Effective Interest Rate on Debt % falls into.
NNN REIT Effective Interest Rate on Debt % Calculation
NNN REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
NNN REIT (NYSE:NNN) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
NNN REIT Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of NNN REIT's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NNN has been successfully added to your 