GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orion Office REIT Inc (NYSE:ONL) » Definitions » Effective Interest Rate on Debt %

Orion Office REIT (Orion Office REIT) Effective Interest Rate on Debt % : 6.25% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Orion Office REIT 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. Orion Office REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31.7 Mil. Orion Office REIT's average total debt for the quarter that ended in Dec. 2023 was $507.0 Mil. Therefore, Orion Office REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.25%.


Orion Office REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Orion Office REIT'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.

Orion Office REIT Effective Interest Rate on Debt % Chart

Orion Office REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.73 5.47 1.27 5.12 5.83

Orion Office REIT Quarterly Data
Dec18 Dec19 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 5.43 5.29 5.36 5.49 6.25

Competitive Comparison of Orion Office REIT's Effective Interest Rate on Debt %

For the REIT - Office subindustry, Orion Office REIT'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.


Orion Office REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Orion Office REIT's Effective Interest Rate on Debt % falls into.



Orion Office REIT Effective Interest Rate on Debt % Calculation

Orion Office REIT'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  *  -29.669/( (540.05+476.93)/ 2 )
=-1  *  -29.669/508.49
=5.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=366.235 + 173.815
=540.05

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=360.93 + 116
=476.93

Orion Office REIT'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  *  -31.712/( (537.164+476.93)/ 2 )
=-1  *  -31.712/507.047
=6.25 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=362.164 + 175
=537.164

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=360.93 + 116
=476.93

* 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.


Orion Office REIT  (NYSE:ONL) Effective Interest Rate on Debt % Explanation

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


Orion Office REIT Effective Interest Rate on Debt % Related Terms

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


Orion Office REIT (Orion Office REIT) Business Description

Industry
Traded in Other Exchanges
Address
2398 East Camelback Road, Suite 1060, Phoenix, AZ, USA, 85016
Orion Office REIT Inc is a internally-managed REIT engaged in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located in high quality suburban markets across the U.S. and leased on a single-tenant net lease basis to creditworthy clients. The Company operates in one business segment: direct ownership and operation of commercial real estate.
Executives
Christopher Haviland Day officer: SEE REMARKS C/O REALTY INCOME CORPORATION, 11995 EL CAMINO REAL, SAN DIEGO CA 92130
Revea Lynn Schmidt officer: See Remarks. C/O ORION OFFICE REIT, INC., 2325 E. CAMELBACK ROAD, SUITE 850, PHOENIX AZ 58016
Paul C Hughes officer: General Counsel & Secretary C/O HOSPITALITY INVESTORS TRUST, INC., 3950 UNIVERSITY DRIVE, FAIRFAX VA 22030
Richard J Lieb director C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Reginald Harold Gilyard director 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Kathleen Allen director
Gavin Brandon officer: SEE REMARKS 2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016
Paul H Mcdowell director, officer: SEE REMARKS 110 MAIDEN LANE, NEW YORK NY 10005
Gregory J. Whyte director C/O TIER REIT, INC., 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Gary E Landriau officer: SEE REMARKS C/O REALTY INCOME CORPORATION, 11995 EL CAMINO REAL, SAN DIEGO CA 92130
Christie B. Kelly director, officer: EVP, CFO & TREASURER 600 E. 96TH ST., #100, INDIANAPOLIS IN 46240
Sumit Roy director, officer: PRESIDENT AND CEO 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michelle Bushore director, officer: EVP, CLO & SECRETARY 11995 EL CAMINO REAL, SAN DIEGO CA 92130
Realty Income Corp 10 percent owner 11995 EL CAMINO REAL, SAN DIEGO CA 92130