LXP Industrial Trust (LXP Industrial Trust) Effective Interest Rate on Debt % : 3.66% (As of Dec. 2023)

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What is LXP Industrial Trust 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. LXP Industrial Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $55.55 Mil. LXP Industrial Trust's average total debt for the quarter that ended in Dec. 2023 was $1,518.79 Mil. Therefore, LXP Industrial Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.66%.

LXP Industrial Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for LXP Industrial Trust'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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LXP Industrial Trust Effective Interest Rate on Debt % Chart

LXP Industrial Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.03

4.47

3.53

3.26

3.04

LXP Industrial Trust 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															3.49	3.29	2.94	3.19	3.66

Competitive Comparison of LXP Industrial Trust's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, LXP Industrial Trust'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.

LXP Industrial Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

LXP Industrial Trust Effective Interest Rate on Debt % Calculation

LXP Industrial Trust'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 * -46.389	/	( (1385.475	+	1663.266)	/ 2 )
=	-1 * -46.389	/	1524.3705
=	3.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1385.475	+	0
=	1385.475

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1663.266	+	0
=	1663.266

LXP Industrial Trust'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 * -55.548	/	( (1374.311	+	1663.266)	/ 2 )
=	-1 * -55.548	/	1518.7885
=	3.66 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1374.311	+	0
=	1374.311

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1663.266	+	0
=	1663.266

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.

LXP Industrial Trust (NYSE:LXPpC.PFD) Effective Interest Rate on Debt % Explanation

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

LXP Industrial Trust Effective Interest Rate on Debt % Related Terms

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LXP Industrial Trust (LXP Industrial Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LXP Industrial Trust (NYSE:LXPpC.PFD) » Definitions » Effective Interest Rate on Debt %

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LXP:USA

Address

One Penn Plaza, Suite 4015, New York, NY, USA, 10119-4015

Website

https://www.lxp.com

LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.