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Principal Real Estateome Fund (Principal Real Estateome Fund) Effective Interest Rate on Debt % : 6.35% (As of Oct. 2023)


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What is Principal Real Estateome Fund 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. Principal Real Estateome Fund's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $2.21 Mil. Principal Real Estateome Fund's average total debt for the quarter that ended in Oct. 2023 was $34.75 Mil. Therefore, Principal Real Estateome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 6.35%.


Principal Real Estateome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Principal Real Estateome Fund'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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Principal Real Estateome Fund Effective Interest Rate on Debt % Chart

Principal Real Estateome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.46 1.91 1.13 2.14 5.99

Principal Real Estateome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 1.14 1.21 2.94 5.43 6.35

Competitive Comparison of Principal Real Estateome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Principal Real Estateome Fund'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.


Principal Real Estateome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Principal Real Estateome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Principal Real Estateome Fund's Effective Interest Rate on Debt % falls into.



Principal Real Estateome Fund Effective Interest Rate on Debt % Calculation

Principal Real Estateome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -2.156/( (40+32)/ 2 )
=-1  *  -2.156/36
=5.99 %

where

Principal Real Estateome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -2.208/( (37.5+32)/ 2 )
=-1  *  -2.208/34.75
=6.35 %

where

* 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 two times the semi-annual (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Principal Real Estateome Fund  (NYSE:PGZ) Effective Interest Rate on Debt % Explanation

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


Principal Real Estateome Fund Effective Interest Rate on Debt % Related Terms

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Principal Real Estateome Fund (Principal Real Estateome Fund) Business Description

Traded in Other Exchanges
N/A
Address
1290 Broadway, Suite 1000, Denver, CO, USA, 80203
Principal Real Estate Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide high current income with capital appreciation by investing in commercial real estate-related securities.
Executives
Laton Spahr other: President of the Adviser 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Adams Nicholas other: Secretary 1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105
Erich Rettinger officer: Treasurer 1290 BROADWAY SUITE 1100, DENVER CO 80203
Brendan Hamill officer: Secretary 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Robert Douglas Mcclure officer: Treasurer 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Matthew Sutula other: Interim CCO 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Jill Kerschen officer: Treasurer 1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jennifer Craig officer: Assistant Secretary 1290 BROADWAY SUITE 1100, DENVER CO 80203
Michael Sleightholme other: Officer of Investment Advisor 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Ernest J Scalberg other: Trustee C/O PRINCIPAL REAL ESTATE INCOME FUND, 1290 BROADWAY SUITE 1100, DENVER CO 80203
Kathryn Burns officer: Treasurer 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Ss&c Technologies Holdings Inc other: Affiliate of Inv Adviser 80 LAMBERTON RD, WINDSOR CT 06095
Richard Craig Noyes other: Officer of Investment Advisor 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Sharon R Akselrod other: Assistant Secretary 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Marc Peterson other: Subadvisor Portfolio Manager 6253 PLEASANT ST, WEST DES MOINES IA 50266