Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Interest Expense : C$-24.48 Mil (TTM As of Dec. 2023)

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What is Automotive Properties Real Estate Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Automotive Properties Real Estate Investment Trust's interest expense for the three months ended in Dec. 2023 was C$ -6.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-24.48 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Automotive Properties Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was C$ 18.25 Mil. Automotive Properties Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2023 was C$ -6.27 Mil. Automotive Properties Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 2.91. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Automotive Properties Real Estate Investment Trust Interest Expense Historical Data

The historical data trend for Automotive Properties Real Estate Investment Trust's Interest Expense 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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Automotive Properties Real Estate Investment Trust Interest Expense Chart

Automotive Properties Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.95

-15.73

-15.58

-17.96

-24.48

Automotive Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.72	-5.97	-5.97	-6.27	-6.27

Automotive Properties Real Estate Investment Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-24.48 Mil.

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Automotive Properties Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2023 was C$-6.27 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$18.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$535.08 Mil.

Automotive Properties Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	18.251	/	-6.27
	=	2.91

The higher the ratio, the stronger the company's financial strength is.

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Automotive Properties Real Estate Investment Trust (TSX:APR.UN) » Definitions » Interest Expense

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APPTF:USA

Address

133 King Street East, Suite 300, Toronto, ON, CAN, M5C 1G6

Website

https://www.automotivepropertiesreit.ca

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio in order to maximize Unitholder value.

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