Manulife US REIT (SGX:BTOU) Effective Interest Rate on Debt % : 4.64% (As of Dec. 2023)

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What is Manulife US 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. Manulife US REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $45.3 Mil. Manulife US REIT's average total debt for the quarter that ended in Dec. 2023 was $974.8 Mil. Therefore, Manulife US REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.64%.

Manulife US REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Manulife US 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.

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Manulife US REIT Effective Interest Rate on Debt % Chart

Manulife US REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.33

2.95

3.17

4.44

Manulife US REIT Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													2.91	2.91	3.49	4.01	4.64

Competitive Comparison of Manulife US REIT's Effective Interest Rate on Debt %

For the REIT - Office subindustry, Manulife US 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.

Manulife US REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Manulife US REIT Effective Interest Rate on Debt % Calculation

Manulife US REIT'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 * -43.277	/	( (1028.985	+	920.323)	/ 2 )
=	-1 * -43.277	/	974.654
=	4.44 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	884.35	+	144.635
=	1028.985

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	870.443	+	49.88
=	920.323

Manulife US REIT'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -45.264	/	( (1029.305	+	920.323)	/ 2 )
=	-1 * -45.264	/	974.814
=	4.64 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1029.305
=	1029.305

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	870.443	+	49.88
=	920.323

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Manulife US REIT (SGX:BTOU) Effective Interest Rate on Debt % Explanation

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

Manulife US REIT Effective Interest Rate on Debt % Related Terms

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Manulife US REIT (SGX:BTOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Manulife US REIT (SGX:BTOU) » Definitions » Effective Interest Rate on Debt %

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MNULF:USA

Address

8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424

Website

https://www.manulifeusreit.sg

Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.

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