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CTO Realty Growth (CTO Realty Growth) Effective Interest Rate on Debt % : 4.47% (As of Dec. 2023)


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What is CTO Realty Growth 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. CTO Realty Growth's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $23.8 Mil. CTO Realty Growth's average total debt for the quarter that ended in Dec. 2023 was $533.0 Mil. Therefore, CTO Realty Growth's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.47%.


CTO Realty Growth Effective Interest Rate on Debt % Historical Data

The historical data trend for CTO Realty Growth'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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CTO Realty Growth Effective Interest Rate on Debt % Chart

CTO Realty Growth 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 4.08 3.39 2.87 2.80 4.45

CTO Realty Growth 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 3.52 3.78 3.86 4.36 4.47

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

For the REIT - Diversified subindustry, CTO Realty Growth'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.


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

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

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



CTO Realty Growth Effective Interest Rate on Debt % Calculation

CTO Realty Growth'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  *  -21.389/( (455.532+506.228)/ 2 )
=-1  *  -21.389/480.88
=4.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=404.862 + 50.67
=455.532

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=455.398 + 50.83
=506.228

CTO Realty Growth'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  *  -23.808/( (559.87+506.228)/ 2 )
=-1  *  -23.808/533.049
=4.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=509.081 + 50.789
=559.87

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=455.398 + 50.83
=506.228

* 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.


CTO Realty Growth  (NYSE:CTO) Effective Interest Rate on Debt % Explanation

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


CTO Realty Growth Effective Interest Rate on Debt % Related Terms

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CTO Realty Growth (CTO Realty Growth) Business Description

Industry
Traded in Other Exchanges
Address
369 N. New York Avenue, Suite 201, Winter Park, FL, USA, 32789
CTO Realty Growth Inc is a Florida-based real estate investment trust company, which owns income properties comprised of approximately 2.7 million square feet in diversified markets in the United States. Its portfolio of assets consists of Income Properties Portfolio, management services, Commercial Loan and Investments.
Executives
John P Albright officer: President & CEO PO BOX 10809, DAYTONA BEACH FL 32120
Matthew Morris Partridge officer: SR. VP & CFO 70 E. LONG LAKE, BLOOMFIELD HILLS MI 48304
Daniel Earl Smith officer: SVP, GEN COUNSEL & CORP SECRET P.O. BOX 10809, DAYTONA BEACH FL 32120
Steven Robert Greathouse officer: SVP-INVESTMENTS PO BOX 10809, DAYTONA BEACH FL 32120
Robert Blakeslee Gable director PO BOX 10809, DAYTONA BEACH FL 32120
George R Brokaw director DISH NETWORK CORPORATION, 9601 S MERIDIAN BLVD, ENGLEWOOD CO 80112
Lisa Vorakoun officer: VP & CHIEF ACCOUNTING OFFICER 1140 N. WILLIAMSON BLVD., SUITE 140, DAYTONA BEACH FL 32114
Christopher J Drew director PO BOX 10809, DAYTONA BEACH FL 32120
Christopher W Haga director PO BOX 10809, DAYTONA BEACH FL 32120
Laura M Franklin director CONSOLIDATED-TOMOKA LAND CO., PO BOX 10809, DAYTONA BEACH FL 32120
Casey R Wold director C/O CONSOLIDATED-TOMOKA LAND CO., PO BOX 10809, DAYTONA BEACH FL 32120
Howard C Serkin director 712 SPINAKERS REACH, PONTE VEDRA FL 32082
Mark E Patten officer: Sr. VP & CFO PO BOX 10809, DAYTONA BEACH FL 32120
Wintergreen Fund, Inc. 10 percent owner 500 INTERNATIONAL DRIVE, SUITE 275, MOUNT OLIVE NJ 07828
William L. Olivari director 141 SAGE BRUSH TRAIL, STE. D, ORMOND BEACH FL 32174

CTO Realty Growth (CTO Realty Growth) Headlines