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JBG SMITH Properties (JBG SMITH Properties) Effective Interest Rate on Debt % : 3.64% (As of Dec. 2023)


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What is JBG SMITH 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. JBG SMITH Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $95.5 Mil. JBG SMITH Properties's average total debt for the quarter that ended in Dec. 2023 was $2,626.6 Mil. Therefore, JBG SMITH Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.64%.


JBG SMITH Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for JBG SMITH 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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JBG SMITH Properties Effective Interest Rate on Debt % Chart

JBG SMITH Properties 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 2.53 3.15 2.69 3.05 3.57

JBG SMITH 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 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 3.79 3.71 3.44 3.56 3.64

Competitive Comparison of JBG SMITH Properties's Effective Interest Rate on Debt %

For the REIT - Office subindustry, JBG SMITH 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.


JBG SMITH Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



JBG SMITH Properties Effective Interest Rate on Debt % Calculation

JBG SMITH 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  *  -91.059/( (2464.015+2637.754)/ 2 )
=-1  *  -91.059/2550.8845
=3.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2464.015 + 0
=2464.015

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2575.754 + 62
=2637.754

JBG SMITH 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  *  -95.492/( (2615.401+2637.754)/ 2 )
=-1  *  -95.492/2626.5775
=3.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2523.401 + 92
=2615.401

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2575.754 + 62
=2637.754

* 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.


JBG SMITH Properties  (NYSE:JBGS) Effective Interest Rate on Debt % Explanation

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


JBG SMITH Properties Effective Interest Rate on Debt % Related Terms

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JBG SMITH Properties (JBG SMITH Properties) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4747 Bethesda Avenue, Suite 200, Bethesda, MD, USA, 20814
JBG SMITH Properties is a real estate investment trust based in the United States. It owns, operates, invests in and develops real estate assets concentrated in urban infill submarkets in and around Washington, DC. In addition, the company also provides fee-based real estate services to the legacy funds through its third-party real estate services business. The operating segments of the company are commercial, multifamily and third-party asset management and real estate services.
Executives
Angela Valdes officer: Chief Accounting Officer 1600 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179
Kevin Reynolds officer: Co-Chief Development Officer C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Steven A Museles officer: Chief Legal Off. & Corp Secy
Madhumita Moina Banerjee officer: EVP, HEAD OF CAPITAL MARKETS C/O JBG SMITH PROPERTIES, 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
David Peter Paul officer: Pres. & Chief Operating Off. C/O JBG/OPERATING PARTNERS, 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Robert Alexander Stewart director, officer: Executive Vice Chairman C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
George Laucks Xanders officer: Chief Investment Officer C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA MD 20814
Scott A Estes director WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Alan S Forman director 55 WHITNEY AVENUE, 5TH FLOOR, NEW HAVEN CT 06511
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Charles E Haldeman director C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Alisa Michelle Mall director C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA MD 20814
Michael J Glosserman director THE JBG COMPANIES, 4445 WILLARD AVENUE, 4TH FLOOR, CHEVY CHASE MD 20815
University Yale director YALE UNIVERSITY INVESTMENTS OFFICE, 55 WHITNEY AVENUE 5TH FLOOR, NEW HAVEN CT 06510-1300
James Lee Iker officer: Chief Investment Officer C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815

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