Wheeler Real Estate Investment Trust (Wheeler Real Estate Investment Trust) Effective Interest Rate on Debt % : 10.09% (As of Dec. 2023)

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What is Wheeler Real Estate Investment 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. Wheeler Real Estate Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $49.2 Mil. Wheeler Real Estate Investment Trust's average total debt for the quarter that ended in Dec. 2023 was $487.9 Mil. Therefore, Wheeler Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.09%.

Wheeler Real Estate Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Wheeler Real Estate Investment 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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Wheeler Real Estate Investment Trust Effective Interest Rate on Debt % Chart

Wheeler Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.32

4.88

9.52

7.26

6.66

Wheeler Real Estate Investment 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															13.08	4.97	5.93	5.62	10.09

Competitive Comparison of Wheeler Real Estate Investment Trust's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Wheeler Real Estate Investment 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.

Wheeler Real Estate Investment Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Wheeler Real Estate Investment Trust's Effective Interest Rate on Debt % falls into.

Wheeler Real Estate Investment Trust Effective Interest Rate on Debt % Calculation

Wheeler Real Estate Investment 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 * -32.314	/	( (482.507	+	487.903)	/ 2 )
=	-1 * -32.314	/	485.205
=	6.66 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	482.507	+	0
=	482.507

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	487.903	+	0
=	487.903

Wheeler Real Estate Investment 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 * -49.216	/	( (487.809	+	487.903)	/ 2 )
=	-1 * -49.216	/	487.856
=	10.09 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	487.809	+	0
=	487.809

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	487.903	+	0
=	487.903

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.

Wheeler Real Estate Investment Trust (NAS:WHLR) Effective Interest Rate on Debt % Explanation

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

Wheeler Real Estate Investment Trust Effective Interest Rate on Debt % Related Terms

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Wheeler Real Estate Investment Trust (Wheeler Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Wheeler Real Estate Investment Trust Inc (NAS:WHLR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WHLRP.PFD:USA WHLRD.PFD:USA

Address

2529 Virginia Beach Boulevard, Virginia Beach, VA, USA, 23452

Website

https://www.whlr.us

Wheeler Real Estate Investment Trust Inc is a self-managed commercial real estate investment company. It owns, leases and operates income-producing retail properties with a primary focus on grocery-anchored centers. The company's properties include Alex City Marketplace in Alexander City, Alabama; Bryan Station in Lexington, Kentucky; Cardinal Plaza in Henderson, North Carolina; Clover Plaza in Clover, South Carolina; Winslow Plaza in Sicklerville, New Jersey and many more.

Executives

Joseph Stilwell	director, 10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Steamboat Capital Partners, Llc	10 percent owner	24 MAPLE AVENUE, RYE NY 10580
Corbin Capital Partners, L.p.	10 percent owner	590 MADISON AVENUE, NEW YORK NY 10022
Ceof Holdings Lp	10 percent owner	590 MADISON AVENUE, 31ST FLOOR, NEW YORK NY 10022
Corbin Capital Partners Gp, Llc	10 percent owner	590 MADISON AVENUE, 31ST FLOOR, NEW YORK NY 10022
Stilwell Associates L P	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Dennis Pollack	director	3 PENNS TRAIL, NEWTOWN PA 18940
Kerry G. Campbell	director	2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH VA 23452
Megan Parisi	director	200 CALLE DEL SANTO CRISTO, SEGUNDO PISO, SAN JUAN PR 00901
David J. Snyderman	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Parsa Kiai	10 percent owner	420 LEXINGTON AVENUE, SUITE 2300, NY NY 10170
Michael Andrew Franklin	officer: Interim CEO	RIVERSEDGE NORTH, 2529 VIRGINIA BEACH BLVD, SUITE 200, VIRGINIA BEACH VA 23452
Supernova Management Llc	10 percent owner	1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alec N Litowitz	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201