Innovative Industrial Properties (Innovative Industrial Properties) Effective Interest Rate on Debt % : 3.69% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Innovative Industrial 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. Innovative Industrial Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11.10 Mil. Innovative Industrial Properties's average total debt for the quarter that ended in Dec. 2023 was $300.71 Mil. Therefore, Innovative Industrial Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.69%.

Innovative Industrial Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Innovative Industrial 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.

* Premium members only.

Innovative Industrial Properties Effective Interest Rate on Debt % Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.07

4.76

7.08

5.40

5.34

Innovative Industrial Properties 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															4.21	6.01	5.96	5.77	3.69

Competitive Comparison of Innovative Industrial Properties's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Innovative Industrial 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.

Innovative Industrial Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Innovative Industrial Properties Effective Interest Rate on Debt % Calculation

Innovative Industrial 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 * -16.096	/	( (301.495	+	300.88)	/ 2 )
=	-1 * -16.096	/	301.1875
=	5.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	301.495	+	0
=	301.495

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.88	+	0
=	300.88

Innovative Industrial 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 * -11.096	/	( (300.53	+	300.88)	/ 2 )
=	-1 * -11.096	/	300.705
=	3.69 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.53	+	0
=	300.53

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.88	+	0
=	300.88

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.

Innovative Industrial Properties (NYSE:IIPRpA.PFD) Effective Interest Rate on Debt % Explanation

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

Innovative Industrial Properties Effective Interest Rate on Debt % Related Terms

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

Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPRpA.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.