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AvalonBay Communities (AvalonBay Communities) Effective Interest Rate on Debt % : 2.44% (As of Dec. 2023)


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AvalonBay Communities Definition

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. AvalonBay Communities's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $198 Mil. AvalonBay Communities's average total debt for the quarter that ended in Dec. 2023 was $8,118 Mil. Therefore, AvalonBay Communities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.44%.


AvalonBay Communities Effective Interest Rate on Debt % Historical Data

The historical data trend for AvalonBay Communities'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.

AvalonBay Communities 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 2.81 2.82 2.75 2.75 2.48

AvalonBay Communities 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 2.76 2.72 2.51 2.36 2.44

Competitive Comparison

For the REIT - Residential subindustry, AvalonBay Communities'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.


AvalonBay Communities Effective Interest Rate on Debt % Distribution

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

* The bar in red indicates where AvalonBay Communities's Effective Interest Rate on Debt % falls into.



AvalonBay Communities Effective Interest Rate on Debt % Calculation

AvalonBay Communities'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  *  -205.992/( (8478.716+8135.054)/ 2 )
=-1  *  -205.992/8306.885
=2.48 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8478.716 + 0
=8478.716

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8135.054 + 0
=8135.054

AvalonBay Communities'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  *  -197.884/( (8101.445+8135.054)/ 2 )
=-1  *  -197.884/8118.2495
=2.44 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8031.456 + 69.989
=8101.445

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8135.054 + 0
=8135.054

* 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.


AvalonBay Communities  (NYSE:AVB) Effective Interest Rate on Debt % Explanation

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


AvalonBay Communities Effective Interest Rate on Debt % Related Terms

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AvalonBay Communities (AvalonBay Communities) Business Description

Industry
Traded in Other Exchanges
Address
4040 Wilson Boulevard, Suite 1000, Arlington, VA, USA, 22203
AvalonBay Communities owns a portfolio of 276 apartment communities with over 82,000 units and is developing 18 additional properties with over 5,700 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
Executives
Joanne M Lockeridge officer: Executive Vice President 4040 WILSON BOULEVARD, SUITE 1000, ARLINGTON VA 22203
Matthew H. Birenbaum officer: EVP, Strategy & Portfolio Mgmt 671 NORTH GLEBE ROAD, SUITE 800, ARLINGTON VA 22203
Mueller Charles E Jr director C/O AVALONBAY COMMUNITIES, INC., 4040 WILSON BLVD., SUITE 1000, ARLINGTON VA 22027
Edward M Schulman officer: Vice President-General Counsel
William M Mclaughlin officer: Executive Vice President AVALONBAY COMMUNITIES, INC., 2900 EISENHOWER AVENUE, SUITE 300, ALEXANDRIA VA 22314
Timothy J Naughton officer: Chief Operating Officer 2900 ELSENHOWER AVE 3RD FL, ALEXANDRIA VA 22314
Sean J. Breslin officer: Senior Vice President 2900 EISENHOWER AVE., SUITE 300, ALEXANDRIA VA 22314
Keri A Shea officer: VP-Finance and Treasurer 2900 EISEHOWER AVE., SUITE 300, ALEXANDRIA VA 22314
Kevin P. O'shea officer: Executive Vice President 671 N. GLEBE ROAD, SUITE 800, ARLINGTON VA 22203
Nnenna Lynch director 4040 WILSON BOULEVARD, SUITE1000, ARLINGTON VA 22203
Christopher B. Howard director 4040 WILSON BOULEVARD, SUITE 1000, ARLINGTON VA 22203
Benjamin Schall director, officer: President 261 BROADWAY, NO.11B, NEW YORK NY 10007
W Edward Walter director
Horey Leo S Iii officer: Senior Vice President 2900 ELSENHOWER AVE 3RD FL, ALEXANDRIA VA 22314
Stephen W Wilson officer: Executive Vice President C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201

AvalonBay Communities (AvalonBay Communities) Headlines