GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIO) » Definitions » Effective Interest Rate on Debt %

City Office REIT (City Office REIT) Effective Interest Rate on Debt % : 4.82% (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is City Office REIT 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. City Office REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $32.3 Mil. City Office REIT's average total debt for the quarter that ended in Dec. 2023 was $670.2 Mil. Therefore, City Office REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.82%.


City Office REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for City Office REIT'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.

City Office REIT Effective Interest Rate on Debt % Chart

City Office REIT 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 4.53 4.10 3.50 3.84 4.69

City Office REIT 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 4.38 4.56 4.60 4.66 4.82

Competitive Comparison of City Office REIT's Effective Interest Rate on Debt %

For the REIT - Office subindustry, City Office REIT'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.


City Office REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where City Office REIT's Effective Interest Rate on Debt % falls into.



City Office REIT Effective Interest Rate on Debt % Calculation

City Office REIT'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  *  -31.876/( (690.099+669.51)/ 2 )
=-1  *  -31.876/679.8045
=4.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=489.599 + 200.5
=690.099

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=469.51 + 200
=669.51

City Office REIT'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  *  -32.276/( (670.814+669.51)/ 2 )
=-1  *  -32.276/670.162
=4.82 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=470.814 + 200
=670.814

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=469.51 + 200
=669.51

* 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.


City Office REIT  (NYSE:CIO) Effective Interest Rate on Debt % Explanation

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


City Office REIT Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of City Office REIT's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


City Office REIT (City Office REIT) Business Description

Industry
Traded in Other Exchanges
Address
666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8
City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.
Executives
Michael Mazan director 3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt director 188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic officer: Chief Financial Officer 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar director, officer: Chief Executive Officer 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg director 1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee officer: See Remarks 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet director SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza director 27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski director 1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon director 200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn director 1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg 10 percent owner