Condor Hospitality Trust (Condor Hospitality Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2021)

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What is Condor Hospitality Trust Long-Term Capital Lease Obligation?

Condor Hospitality Trust's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.00 Mil.

Condor Hospitality Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Condor Hospitality Trust's Long-Term Capital Lease Obligation 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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Condor Hospitality Trust Long-Term Capital Lease Obligation Chart

Condor Hospitality Trust Annual Data

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Long-Term Capital Lease Obligation

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Condor Hospitality Trust Quarterly Data
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Condor Hospitality Trust (NAS:CDORO.PFD) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Condor Hospitality Trust (Condor Hospitality Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Condor Hospitality Trust Inc (NAS:CDORO.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

1800 West Pasewalk Avenue, Suite 200, Norfolk, NE, USA, 68701

Website

http://www.condorhospitality.com

Condor Hospitality Trust Inc is a US-based self-administered real estate investment trust. It is engaged in the investment and ownership of select service, limited service, extended stay and compact full-service hotels. The primary business of the company is owning equity interests in hotel properties. It conducts its business through a traditional umbrella partnership REIT in which the hotel properties are owned by its operating partnership, Condor Hospitality Limited Partnership, and its subsidiaries.