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W.P. Carey (W.P. Carey) Effective Interest Rate on Debt %

: 3.51% (As of Dec. 2023)
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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. W.P. Carey's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $289 Mil. W.P. Carey's average total debt for the quarter that ended in Dec. 2023 was $8,216 Mil. Therefore, W.P. Carey's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.51%.


W.P. Carey Effective Interest Rate on Debt % Historical Data

The historical data trend for W.P. Carey'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.

* Premium members only.

W.P. Carey Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.75 3.30 2.92 2.99 3.64

W.P. Carey 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 % 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 Premium Member Only Premium Member Only Premium Member Only 3.46 3.33 3.58 3.64 3.51

Competitive Comparison

For the REIT - Diversified subindustry, W.P. Carey'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.


W.P. Carey Effective Interest Rate on Debt % Distribution

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

* The bar in red indicates where W.P. Carey's Effective Interest Rate on Debt % falls into.



W.P. Carey Effective Interest Rate on Debt % Calculation

W.P. Carey'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  *  -291.852/( (7877.748+8144.182)/ 2 )
=-1  *  -291.852/8010.965
=3.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7877.748 + 0
=7877.748

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8144.182 + 0
=8144.182

W.P. Carey'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  *  -288.776/( (8287.714+8144.182)/ 2 )
=-1  *  -288.776/8215.948
=3.51 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8287.714 + 0
=8287.714

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8144.182 + 0
=8144.182

* 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.


W.P. Carey  (NYSE:WPC) Effective Interest Rate on Debt % Explanation

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


W.P. Carey Effective Interest Rate on Debt % Related Terms

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W.P. Carey (W.P. Carey) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » W.P. Carey Inc (NYSE:WPC) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
Executives
Brian H Zander officer: Chief Accounting Officer C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
Mark A Alexander director C/O W. P. CAREY INC., 395 9TH AVENUE, 58TH FLOOR, NEW YORK, NEW YORK NY 10001
Talma Stheeman Mechthild Elisabeth director C/O W. P. CAREY INC, ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
Beier Constantin H. director C/O W. P. CAREY INC., ONE MANHATTAN WEST 395 9TH AVENUE, 58 FL, NEW YORK, NEW YORK NY 10001
Gino M. Sabatini officer: Managing Director C/O W. P. CAREY & CO. LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
John J Park officer: President C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE. 58TH FL, NEW YORK NY 10001
Jason E. Fox director, officer: CEO C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK NY 10001
Arjun Mahalingam officer: Chief Accounting Officer C/O W. P. CAREY INC., 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Toniann Sanzone officer: CFO C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE., 58 FL, NEW YORK, NEW YORK NY 10001
Brooks G. Gordon officer: Managing Director C/O W. P. CAREY INC., 50 ROCKEFELLER PLAZA, NEW YORK NY 10020
Tonit M Calaway director HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Margaret G Lewis director 200 COMMERCE STREET, SMITHFIELD VA 23430
Robert J Flanagan director C/O SAGENT PHARMACEUTICALS, INC., 1901 NORTH ROSELLE ROAD, SUITE 700, SCHAUMBURG IL 60195
Peter Farrell director C/O W. P. CAREY INC., ONE MANHATTAN WEST,395 9TH AVENUE, 58 FL, NEW YORK NY 10001
Van Ommen Nick J.m. director C/O W. P. CAREY & CO. LLC, ONE MANHATTAN WEST, 395 9TH AVE. 58 FL, NEW YORK NY 10001