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Agree Realty (Agree Realty) Effective Interest Rate on Debt % : 3.97% (As of Mar. 2024)


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What is Agree Realty 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. Agree Realty's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $97.8 Mil. Agree Realty's average total debt for the quarter that ended in Mar. 2024 was $2,462.7 Mil. Therefore, Agree Realty's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.97%.


Agree Realty Effective Interest Rate on Debt % Historical Data

The historical data trend for Agree Realty'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.

Agree Realty Effective Interest Rate on Debt % Chart

Agree Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 3.84 3.47 3.50 3.73

Agree Realty 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 3.62 3.82 3.80 3.85 3.97

Competitive Comparison of Agree Realty's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Agree Realty'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.


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

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

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



Agree Realty Effective Interest Rate on Debt % Calculation

Agree Realty'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  *  -81.119/( (1940.018+2410.921)/ 2 )
=-1  *  -81.119/2175.4695
=3.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1940.018 + 0
=1940.018

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2410.921 + 0
=2410.921

Agree Realty'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  *  -97.804/( (2410.921+2514.487)/ 2 )
=-1  *  -97.804/2462.704
=3.97 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2410.921 + 0
=2410.921

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2514.487 + 0
=2514.487

* 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.


Agree Realty  (NYSE:ADC) Effective Interest Rate on Debt % Explanation

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


Agree Realty Effective Interest Rate on Debt % Related Terms

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Agree Realty (Agree Realty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (NYSE:ADC) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
Executives
Richard Agree officer: Chief Executive Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree officer: Chief Operating Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich officer: CHIEF OPERATING OFFICER 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour officer: CHIEF FINANCIAL OFFICER 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin officer: Chief Accounting Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff officer: CHIEF ACCOUNTING OFFICER 70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing director 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen officer: EVP, PEOPLE & CULTURE 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman director 7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar officer: GENERAL COUNSEL 70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034