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CT Real Estate Investment Trust (CT Real Estate Investment Trust) Effective Interest Rate on Debt % : 7.89% (As of Dec. 2023)


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What is CT Real Estate Investment Trust 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. CT Real Estate Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $88.8 Mil. CT Real Estate Investment Trust's average total debt for the quarter that ended in Dec. 2023 was $1,125.5 Mil. Therefore, CT Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.89%.


CT Real Estate Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for CT Real Estate Investment Trust'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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CT Real Estate Investment Trust Effective Interest Rate on Debt % Chart

CT Real Estate Investment Trust 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 9.56 8.94 8.23 7.85 7.76

CT 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
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 7.75 7.76 8.03 7.71 7.89

Competitive Comparison of CT Real Estate Investment Trust's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, CT Real Estate Investment Trust'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.


CT Real Estate Investment Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where CT Real Estate Investment Trust's Effective Interest Rate on Debt % falls into.



CT Real Estate Investment Trust Effective Interest Rate on Debt % Calculation

CT Real Estate Investment Trust'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  *  -85.332/( (1059.224+1140.835)/ 2 )
=-1  *  -85.332/1100.0295
=7.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=943.876 + 115.348
=1059.224

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1139.768 + 1.067
=1140.835

CT Real Estate Investment Trust'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  *  -88.836/( (1110.186+1140.835)/ 2 )
=-1  *  -88.836/1125.5105
=7.89 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=943.555 + 166.631
=1110.186

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1139.768 + 1.067
=1140.835

* 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.


CT Real Estate Investment Trust  (OTCPK:CTRRF) Effective Interest Rate on Debt % Explanation

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


CT Real Estate Investment Trust Effective Interest Rate on Debt % Related Terms

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CT Real Estate Investment Trust (CT Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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