In the railway industry, Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.
Centerspace's Variable Rate Debt (USD Mil) for the quarter that ended in Mar. 2024 was 340.36
, which is higher than
45.10 for the pervious quarter ended in Dec. 2023.
Centerspace's Variable Rate Debt (USD Mil) for the annual that ended in Dec. 2023 was 45.10
, which is lower than
213.50 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Centerspace's Variable Rate Debt (USD Mil) or its related term are showing as below:
Centerspace Variable Rate Debt (USD Mil) Historical Data
The historical data trend for Centerspace's Variable Rate Debt (USD Mil) 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.
Competitive Comparison of Centerspace's Variable Rate Debt (USD Mil)
For the REIT - Residential subindustry, Centerspace's Variable Rate Debt (USD Mil), along with its competitors' market caps and Variable Rate Debt (USD Mil) 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.
Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.
The variable interest rate fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically with the market. So, variable interest debt is not as good as fixed-rate debt because the company cannot benefit from inflation. But in some conditions, a company might experience lower borrowing costs or reduce the impact of volatile investment earnings by issuing variable rate securities.
Centerspace Variable Rate Debt (USD Mil) Related Terms
Thank you for viewing the detailed overview of Centerspace's Variable Rate Debt (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment, and it owns properties in the following states: Minnesota, Colorado, North Dakota, Nebraska, South Dakota, and Montana. Rental income represents the company's main source of revenue, and properties owned in Minnesota, Colorado, and North Dakota represent the majority of the firm's commercial presence.
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