Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Effective Interest Rate on Debt % : 10.81% (As of Sep. 2023)

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What is Pennsylvania Real Estate Investment Trust 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. Pennsylvania Real Estate Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $191.1 Mil. Pennsylvania Real Estate Investment Trust's average total debt for the quarter that ended in Sep. 2023 was $1,767.8 Mil. Therefore, Pennsylvania Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 10.81%.

Pennsylvania Real Estate Investment Trust Effective Interest Rate on Debt % Historical Data

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

Pennsylvania Real Estate Investment Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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3.70

3.81

4.75

6.90

7.85

Pennsylvania Real Estate Investment Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.21	9.41	9.43	9.92	10.81

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

For the REIT - Retail subindustry, Pennsylvania Real Estate Investment Trust'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.

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

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

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

Pennsylvania Real Estate Investment Trust Effective Interest Rate on Debt % Calculation

Pennsylvania Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -141.76	/	( (1864.969	+	1748.78)	/ 2 )
=	-1 * -141.76	/	1806.8745
=	7.85 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1810.42	+	54.549
=	1864.969

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1726.299	+	22.481
=	1748.78

Pennsylvania Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -191.116	/	( (1747.576	+	1788.098)	/ 2 )
=	-1 * -191.116	/	1767.837
=	10.81 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1720.095	+	27.481
=	1747.576

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1688.692	+	99.406
=	1788.098

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pennsylvania Real Estate Investment Trust (OTCPK:PRETQ) Effective Interest Rate on Debt % Explanation

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

Pennsylvania Real Estate Investment Trust Effective Interest Rate on Debt % Related Terms

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Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pennsylvania Real Estate Investment Trust (OTCPK:PRETQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PRTNQ.PFD:USA PRTMQ.PFD:USA PRTLQ.PFD:USA WX3A:Germany

Address

One Commerce Square, 2005 Market Street, Suite 1000, Philadelphia, PA, USA, 19103

Website

https://www.preit.com

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development, and disposition of retail shopping malls including regional department stores and large format retailers. Its properties involve mall portfolio, redevelopment, specialty leasing, partnerships, and marketing. It derives the substantial majority of revenue from rent leases of retail properties in the real estate portfolio.

Executives

Christopher Swann	director	C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Kenneth B. Hart	director	C/O PENN REAL ESTATE TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Joseph J. Aristone	officer: EVP - Leasing	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Joseph F Coradino	director, officer: Chief Executive Officer	C/O PENN. REAL ESTATE INVESTMENT TRUST, 200 S. BROAD ST., THE BELLEVUE, PHILADEPHIA PA 19102
Michael J. Demarco	director	C/O MACK-CALI REALTY CORPORATION, HARBORSIDE 3, 210 HUDSON ST., STE. 400, JERSEY CITY NJ 07311
Ventresca Mario C. Jr.	officer: EVP-Chief Financial Officer	C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Andrew M. Ioannou	officer: EVP-Finance and Acquisitions	C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Mark E Pasquerilla	director
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Joanne A. Epps	director	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Alburger George J Jr	director	C/O LIBERTY PROPERTY TRUST, 65 VALLEY STREAM PARKWAY, MALVERN PA 19355
Lisa M. Most	officer: EVP, GC, CCO & Secretary	C/O PENN. REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Heather Crowell	officer: EVP-Strategy & Communications	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
John Joseph Roberts	director	1007 CANTERBURY LANE, VILLANOVA PA 19085
Sathana Semonsky	officer: VP - Chief Accounting Officer	C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103