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Safehold (Safehold) Effective Interest Rate on Debt % : 4.85% (As of Mar. 2024)


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What is Safehold 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. Safehold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $194.5 Mil. Safehold's average total debt for the quarter that ended in Mar. 2024 was $4,013.7 Mil. Therefore, Safehold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.85%.


Safehold Effective Interest Rate on Debt % Historical Data

The historical data trend for Safehold'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.

* Premium members only.

Safehold Effective Interest Rate on Debt % Chart

Safehold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 3.11 4.19 3.63 4.14 4.83

Safehold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.45 4.77 4.80 4.86 4.85

Competitive Comparison of Safehold's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Safehold'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.


Safehold's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Safehold Effective Interest Rate on Debt % Calculation

Safehold'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  *  -181.011/( (3526.83+3970.116)/ 2 )
=-1  *  -181.011/3748.473
=4.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3526.83 + 0
=3526.83

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3970.116 + 0
=3970.116

Safehold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -194.524/( (3970.116+4057.315)/ 2 )
=-1  *  -194.524/4013.7155
=4.85 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3970.116 + 0
=3970.116

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4057.315 + 0
=4057.315

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Safehold  (NYSE:SAFE) Effective Interest Rate on Debt % Explanation

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


Safehold Effective Interest Rate on Debt % Related Terms

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Safehold (Safehold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safehold Inc (NYSE:SAFE) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036
Safehold Inc is a REIT that operates its business by acquiring, managing and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
Executives
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jesse Hom director 168 ROBINSON ROAD, #37-01, CAPITAL TOWER, SINGAPORE U0 068912
Dean S Adler director, 10 percent owner BELGRAVIA 8TH FL, 1811 CHESTNUT ST, PHILADELPHIA PA 19103
Garett Rosenblum officer: Chief Accounting Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jeremy Fox-geen officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL 39, NEW YORK NY 10036
Jay Sugarman director, officer: Chairman and CEO 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Marcos Alvarado officer: Chief Investment Officer 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jay S Nydick director 1114 AVENUE OF THE AMERICAS, 27TH FLR, NEW YORK NY 10036
Nina Matis officer: Chief Legal Officer & CIO 1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Andrew C Richardson officer: Interim CFO 527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Geoffrey G Jervis officer: COO and CFO C/O CAPITAL TRUST, INC., 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Robin Josephs director
Sfty Venture Llc 10 percent owner C/O GIC REAL ESTATE, INC., 280 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017

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