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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Effective Interest Rate on Debt % : 3.59% (As of Dec. 2021)


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What is Monmouth Real Estate Investment 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. Monmouth Real Estate Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $39.3 Mil. Monmouth Real Estate Investment's average total debt for the quarter that ended in Dec. 2021 was $1,095.5 Mil. Therefore, Monmouth Real Estate Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 3.59%.

Monmouth Real Estate Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Monmouth Real Estate Investment'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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Monmouth Real Estate Investment Effective Interest Rate on Debt % Chart

Monmouth Real Estate Investment Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 4.02 4.25 4.24 3.87

Monmouth Real Estate Investment Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 3.99 3.94 3.96 3.68 3.59

Competitive Comparison of Monmouth Real Estate Investment's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.

Monmouth Real Estate Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Monmouth Real Estate Investment's Effective Interest Rate on Debt % falls into.


Monmouth Real Estate Investment Effective Interest Rate on Debt % Calculation

Monmouth Real Estate Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2020 )+Total Debt  (A: Sep. 2021 ))/ count )
=-1  *  -37.88/( (874.507+1082.184)/ 2 )
=-1  *  -37.88/978.3455
=3.87 %

where

Total Debt  (A: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=874.507 + 0
=874.507

Total Debt  (A: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1082.184 + 0
=1082.184

Monmouth Real Estate Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2021 )+Total Debt  (Q: Dec. 2021 ))/ count )
=-1  *  -39.288/( (1082.184+1108.722)/ 2 )
=-1  *  -39.288/1095.453
=3.59 %

where

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1082.184 + 0
=1082.184

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1108.722 + 0
=1108.722

* 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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Monmouth Real Estate Investment  (NYSE:MNR) Effective Interest Rate on Debt % Explanation

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

Monmouth Real Estate Investment Effective Interest Rate on Debt % Related Terms

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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Monmouth Real Estate Investment Corp (NYSE:MNR) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ILPT IIPR NSA LAND JCAP PLYM SELF TRNO QTS STAG PLD PSA DRE LSE:SGRO EXR SGX:A17U TSE:3283 COLD TSE:3281 CUBE
Traded in Other Exchanges
N/A
Address
101 Crawfords Corner Road, Suite 1405, Holmdel, NJ, USA, 07733
Website
http://www.mreic.reit
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
Executives
Katie Traks officer: Controller 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Michael P Landy director, officer: President and CEO 3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Kevin S. Miller director, officer: Chief Financial Officer 65 SANDPIPER DRIVE MANALAPAN NJ 07726
Samuel A Landy director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Matthew I Hirsch director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Eugene W Landy director, officer: Chairman of the Board 3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728
Neal Herstik director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Daniel D Cronheim director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Catherine B. Elflein director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Brian Haimm director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Gregory Thomas Otto director 3499 ROUTE 9 NORTH SUITE 3D FREEHOLD NJ 07728
Kiernan Conway director 3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Sonal Pande director 101 CRAWFORDS CORNER ROAD SUITE 1405 HOLMDEL NJ 07733
Michael D Prashad officer: General Counsel 101 CRAWFORDS CORNER ROAD HOLMDEL NJ 07733