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Saul Centers (Saul Centers) Effective Interest Rate on Debt % : 3.55% (As of Dec. 2023)


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What is Saul Centers 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. Saul Centers's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $48.46 Mil. Saul Centers's average total debt for the quarter that ended in Dec. 2023 was $1,365.16 Mil. Therefore, Saul Centers's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.55%.


Saul Centers Effective Interest Rate on Debt % Historical Data

The historical data trend for Saul Centers'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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Saul Centers Effective Interest Rate on Debt % Chart

Saul Centers 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 3.84 4.02 3.81 3.55 3.62

Saul Centers 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 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 3.73 3.68 3.71 3.62 3.55

Competitive Comparison of Saul Centers's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Saul Centers'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.


Saul Centers's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Saul Centers Effective Interest Rate on Debt % Calculation

Saul Centers'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  *  -47.198/( (1222.9+1387.001)/ 2 )
=-1  *  -47.198/1304.9505
=3.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1060.959 + 161.941
=1222.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1112.286 + 274.715
=1387.001

Saul Centers'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  *  -48.456/( (1343.312+1387.001)/ 2 )
=-1  *  -48.456/1365.1565
=3.55 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1093.791 + 249.521
=1343.312

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1112.286 + 274.715
=1387.001

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


Saul Centers  (NYSE:BFSpC.CL.PFD) Effective Interest Rate on Debt % Explanation

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


Saul Centers Effective Interest Rate on Debt % Related Terms

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Saul Centers (Saul Centers) Business Description

Industry
Traded in Other Exchanges
Address
7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.
Executives
Lori Godby officer: Senior Vice Pres.-Residential 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland officer: SVP, Office and Retail 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Carlos Lawrence Heard officer: Senior Vice President & CFO 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson officer: Executive V.P.-Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Mizuho Securities Usa Llc other: See Remarks 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Willoughby B. Laycock director, officer: VP-Residential Development 7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814
Powell Earl A Iii director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Amitha Prabhu officer: VP & Dir. of Internal Audit 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Benjamin Underwood officer: Vice President-Residential 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Donald A Hachey officer: Senior Vice Pres.-Construction 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Saul Andrew M. Ii director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
James Page Lansdale officer: Exec. VP - Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Steven N. Corey officer: Senior VP - Office Leasing 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Debra Noreen Stencel officer: Senior VP & General Counsel 7501 WISCONSIN AVENUE, 14TH FLOOR, BETHESDA MD 20814
Christine Nicolaides Kearns officer: Executive Vice President 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814

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