Tier REIT (Tier REIT) Effective Interest Rate on Debt % : 3.35% (As of Mar. 2019)

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What is Tier 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. Tier REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was $23.0 Mil. Tier REIT's average total debt for the quarter that ended in Mar. 2019 was $688.2 Mil. Therefore, Tier REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 was 3.35%.

Tier REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Tier 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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Tier REIT Effective Interest Rate on Debt % Chart

Tier REIT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

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5.02

5.07

5.50

4.79

9.40

Tier REIT Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.85	3.77	5.22	24.29	3.35

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

For the REIT - Office subindustry, Tier 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.

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

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

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

Tier REIT Effective Interest Rate on Debt % Calculation

Tier REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -70.935	/	( (794.538	+	714.755)	/ 2 )
=	-1 * -70.935	/	754.6465
=	9.40 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	794.538	+	0
=	794.538

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	714.755	+	0
=	714.755

Tier REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2018 )	+	Total Debt (Q: Mar. 2019 ))	/ count )
=	-1 * -23.036	/	( (714.755	+	661.55)	/ 2 )
=	-1 * -23.036	/	688.1525
=	3.35 %

where

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	714.755	+	0
=	714.755

	Total Debt (Q: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	661.55	+	0
=	661.55

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tier REIT (NYSE:TIER) Effective Interest Rate on Debt % Explanation

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

Tier REIT Effective Interest Rate on Debt % Related Terms

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Tier REIT (Tier REIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5950 Sherry Lane, Suite 700, Dallas, TX, USA, 75225

Website

http://www.tierreit.com

Tier REIT Inc is a Dallas-based real estate investment trust. Its current business consists of owning, acquiring, developing, operating, investing in, and disposing of real estate assets. The company owns interests in nearly 29 operating office properties, one non-operating property, and one development property located in thirteen markets throughout the United States. Its property portfolio comprises 500 East Pratt, 5950 Sherry Lane, Bank of America Plaza, Centreport Office Center, Eldridge Place, among others.

Executives

Scott W Fordham	director, officer: Chief Executive Officer	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Christie B. Kelly	director	600 E. 96TH ST., #100, INDIANAPOLIS IN 46240
Griffin R Kent Jr	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Richard I Gilchrist	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Thomas M Herzog	director	1920 MAIN STREET, SUITE 1200, IRVINE CA 92614
M Jason Mattox	director	1323 NORTH STEMMONS FREEWAY SUITE 200, DALLAS TX 75207
Thomas P Simon	officer: Senior Vice President/Finance	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Michael A Ernst	officer: Chief Financial Officer	5914 NORWAY RD, DALLAS TX 75230
Thomas F August	officer: Chief Operating Officer	6214 PARK LANE, DALLAS TX 75225
Reihsen Gerald J Iii	officer: Executive VP - Corporate, other: Develop. & Legal and Secretary	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254