What is UDR 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. UDR's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $189 Mil. UDR's average total debt for the quarter that ended in Dec. 2023 was $5,962 Mil. Therefore, UDR's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.18%.
UDR Effective Interest Rate on Debt % Historical Data
The historical data trend for UDR'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.
UDR Effective Interest Rate on Debt % Chart
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UDR Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
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4.04 |
4.02 |
3.46 |
2.89 |
3.10 |
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UDR Quarterly Data
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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 % |
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3.01 |
3.06 |
3.17 |
3.30 |
3.18 |
Competitive Comparison of UDR's Effective Interest Rate on Debt %
For the REIT - Residential subindustry, UDR'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.
UDR's Effective Interest Rate on Debt % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, UDR's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where UDR's Effective Interest Rate on Debt % falls into.
UDR Effective Interest Rate on Debt % Calculation
UDR'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 * -180.866 | / | ( (5676.541 | + | 5984.545) | / 2 ) |
| = | -1 * -180.866 | / | 5830.543 |
| = | 3.10 % |
where
UDR'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 * -189.388 | / | ( (5939.523 | + | 5984.545) | / 2 ) |
| = | -1 * -189.388 | / | 5962.034 |
| = | 3.18 % |
where
* 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.
UDR (UDR) Business Description
Traded in Other Exchanges
Address
1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129
UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.
Executives
| Thomas W Toomey |
director, officer: Chief Executive Officer |
|
| Patricia Sciutto Doerr |
officer: SVP-Chief ESG/People Officer |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Kevin C Nickelberry |
director |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Harry G Alcock |
officer: SVP-Asset Management |
4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
| Jerry A Davis |
officer: SVP-Chief Operating Officer |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Clinton D Mcdonnough |
director |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Tracy L Hofmeister |
officer: VP-Accounting |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Joseph D Fisher |
officer: SVP-Chief Financial Officer |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Diane M Morefield |
director |
200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606 |
| Michael D Lacy |
officer: SVP-Property Operations |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Matthew A Cozad |
officer: SVP-Corp Serv and Innovation |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| Warren L Troupe |
officer: Sr Exec VP & General Counsel |
1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129 |
| James D Klingbeil |
director |
|
| Lynne B Sagalyn |
director |
|
| Jon A Grove |
director |
|
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