Equity Lifestyle Properties (Equity Lifestyle Properties) Effective Interest Rate on Debt % : 3.78% (As of Dec. 2023)

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What is Equity Lifestyle Properties 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. Equity Lifestyle Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $132.79 Mil. Equity Lifestyle Properties's average total debt for the quarter that ended in Dec. 2023 was $3,510.53 Mil. Therefore, Equity Lifestyle Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.78%.

Equity Lifestyle Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Equity Lifestyle Properties'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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Equity Lifestyle Properties Effective Interest Rate on Debt % Chart

Equity Lifestyle Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.38

4.05

3.66

3.50

3.83

Equity Lifestyle Properties 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															3.85	3.88	3.85	3.78	3.84

Competitive Comparison of Equity Lifestyle Properties's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Equity Lifestyle Properties'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.

Equity Lifestyle Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Equity Lifestyle Properties's Effective Interest Rate on Debt % falls into.

Equity Lifestyle Properties Effective Interest Rate on Debt % Calculation

Equity Lifestyle Properties'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 * -132.342	/	( (3387.984	+	3518.607)	/ 2 )
=	-1 * -132.342	/	3453.2955
=	3.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3189.984	+	198
=	3387.984

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3487.607	+	31
=	3518.607

Equity Lifestyle Properties'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 * -132.792	/	( (3502.456	+	3518.607)	/ 2 )
=	-1 * -132.792	/	3510.5315
=	3.78 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3502.456	+	0
=	3502.456

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3487.607	+	31
=	3518.607

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.

Equity Lifestyle Properties (NYSE:ELSPRCCL.PFD) Effective Interest Rate on Debt % Explanation

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

Equity Lifestyle Properties Effective Interest Rate on Debt % Related Terms

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Equity Lifestyle Properties (Equity Lifestyle Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Lifestyle Properties Inc (NYSE:ELSPRCCL.PFD) » Definitions » Effective Interest Rate on Debt %

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ELS:USA

Address

Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606

Website

https://www.equitylifestyleproperties.com

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.