Triple Point Social Housing REIT (CHIX:SOHOL) Effective Interest Rate on Debt % : 5.53% (As of Dec. 2023)

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What is Triple Point Social Housing 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. Triple Point Social Housing REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £14.52 Mil. Triple Point Social Housing REIT's average total debt for the quarter that ended in Dec. 2023 was £262.64 Mil. Therefore, Triple Point Social Housing REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.53%.

Triple Point Social Housing REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Triple Point Social Housing 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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Triple Point Social Housing REIT Effective Interest Rate on Debt % Chart

Triple Point Social Housing REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.60

2.57

2.43

2.78

2.77

Triple Point Social Housing REIT Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								5.69	5.55	5.53	5.53	5.53

Competitive Comparison of Triple Point Social Housing REIT's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Triple Point Social Housing 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.

Triple Point Social Housing REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Triple Point Social Housing REIT's Effective Interest Rate on Debt % falls into.

Triple Point Social Housing REIT Effective Interest Rate on Debt % Calculation

Triple Point Social Housing REIT'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 * -7.261	/	( (262.548	+	262.647)	/ 2 )
=	-1 * -7.261	/	262.5975
=	2.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.548	+	0
=	262.548

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.647	+	0
=	262.647

Triple Point Social Housing REIT'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -14.52	/	( (262.64	+	262.647)	/ 2 )
=	-1 * -14.52	/	262.6435
=	5.53 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.64	+	0
=	262.64

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.647	+	0
=	262.647

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.

Triple Point Social Housing REIT (CHIX:SOHOl) Effective Interest Rate on Debt % Explanation

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

Triple Point Social Housing REIT Effective Interest Rate on Debt % Related Terms

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Triple Point Social Housing REIT (CHIX:SOHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Triple Point Social Housing REIT PLC (CHIX:SOHOl) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SOHO:UK

Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.triplepointreit.com

Triple Point Social Housing REIT PLC is an investment company, which invests in UK social housing assets, in particular homes in the Supported Housing sector which have been adapted to provide care and support to vulnerable tenants. It has invested in a diverse range of investment sectors, including property, central and local government, NHS Hospital Trusts and infrastructure including lease and asset finance, and small and medium-sized businesses.

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