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Plymouth Industrial REIT (Plymouth Industrial REIT) Effective Interest Rate on Debt % : 4.45% (As of Mar. 2024)


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What is Plymouth Industrial 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. Plymouth Industrial REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $38.8 Mil. Plymouth Industrial REIT's average total debt for the quarter that ended in Mar. 2024 was $872.0 Mil. Therefore, Plymouth Industrial REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.45%.


Plymouth Industrial REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Plymouth Industrial 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.

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Plymouth Industrial REIT Effective Interest Rate on Debt % Chart

Plymouth Industrial REIT 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 3.90 3.81 3.30 3.74 4.03

Plymouth Industrial REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.14 4.15 4.19 3.40 4.45

Competitive Comparison of Plymouth Industrial REIT's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Plymouth Industrial 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.


Plymouth Industrial REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Plymouth Industrial REIT Effective Interest Rate on Debt % Calculation

Plymouth Industrial 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  *  -36.094/( (916.624+872.548)/ 2 )
=-1  *  -36.094/894.586
=4.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=839.124 + 77.5
=916.624

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=717.148 + 155.4
=872.548

Plymouth Industrial REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -38.8/( (872.548+871.455)/ 2 )
=-1  *  -38.8/872.0015
=4.45 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=717.148 + 155.4
=872.548

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=716.055 + 155.4
=871.455

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Plymouth Industrial REIT  (NYSE:PLYM) Effective Interest Rate on Debt % Explanation

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


Plymouth Industrial REIT Effective Interest Rate on Debt % Related Terms

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Plymouth Industrial REIT (Plymouth Industrial REIT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
20 Custom House Street, 11th Floor, Boston, MA, USA, 02110
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.
Executives
Madison International Realty Vi, Llc 10 percent owner 300 PARK AVENUE, 3RD FLOOR, 3RD FLOOR NY 10022
Vi Reit Mirelf 10 percent owner C/O MADISON INTERNATIONAL REALTY, LLC, 410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Mirelf Vi (u.s.), Lp 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Mirelf Vi Reit Investments Iv, Llc 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Madison International Holdings Vi, Llc 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Madison International Realty Partners Gp, Llc 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Madison International Realty Partners, Lp 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Ronald Dickerman 10 percent owner 410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Madison International Realty Holdings, Llc 10 percent owner 300 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Anthony Saladino officer: EVP/CFO 20 CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON MA 02110
Guinee John W Iii director 600 EAST 96TH ST STE 100, INDIANAPOLIS IN 46240
Jeffrey E Witherell director, officer: CEO C/O 20 CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON MA 02110
Pendleton P White director, officer: President and CIO C/O CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON MA 02110
Caitlin Murphy director 20 CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON MA 02110
Philip S Cottone director C/O 20 CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON MA 02110