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Stag Industrial (Stag Industrial) Effective Interest Rate on Debt % : 3.87% (As of Dec. 2023)


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What is Stag Industrial 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. Stag Industrial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $101.4 Mil. Stag Industrial's average total debt for the quarter that ended in Dec. 2023 was $2,620.7 Mil. Therefore, Stag Industrial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.87%.


Stag Industrial Effective Interest Rate on Debt % Historical Data

The historical data trend for Stag Industrial'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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Stag Industrial Effective Interest Rate on Debt % Chart

Stag Industrial 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 3.66 3.67 3.19 3.26 3.64

Stag Industrial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only 3.45 3.60 3.68 3.76 3.87

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

For the REIT - Industrial subindustry, Stag Industrial'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.


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

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

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



Stag Industrial Effective Interest Rate on Debt % Calculation

Stag Industrial'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  *  -94.575/( (2533.88+2657.623)/ 2 )
=-1  *  -94.575/2595.7515
=3.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2358.88 + 175
=2533.88

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2255.623 + 402
=2657.623

Stag Industrial'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  *  -101.4/( (2583.791+2657.623)/ 2 )
=-1  *  -101.4/2620.707
=3.87 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2258.791 + 325
=2583.791

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2255.623 + 402
=2657.623

* 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.


Stag Industrial  (NYSE:STAG) Effective Interest Rate on Debt % Explanation

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


Stag Industrial Effective Interest Rate on Debt % Related Terms

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Stag Industrial (Stag Industrial) Business Description

Industry
Traded in Other Exchanges
Address
One Federal Street, 23rd Floor, Boston, MA, USA, 02110
Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.
Executives
Jaclyn Paul officer: Chief Accounting Officer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey M Sullivan officer: EVP, GC and Secretary ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
William R Crooker officer: Chief Accounting Officer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Benjamin S Butcher director, officer: Chairman, CEO and President ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Steven T. Kimball officer: EVP ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michael Chase officer: EVP and CIO ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Hans S Weger director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michelle Dilley director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jit Kee Chin director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jacoby Francis X Iii director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey D. Furber director AEW CAPITAL MANAGEMENT, L.P., TWO SEAPORT LANE, BOSTON MA 02210
Virgis Colbert director 5725 DELPHI DRIVE, TROY MI 48098
Christopher P Marr director 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matts Pinard officer: EVP, CFO and Treasurer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Stephen C Mecke officer: COO and EVP ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110