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Irish Residential Properties REIT (DUB:IRES) Effective Interest Rate on Debt % : 5.00% (As of Jun. 2024)


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What is Irish Residential Properties 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. Irish Residential Properties REIT's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €28.82 Mil. Irish Residential Properties REIT's average total debt for the quarter that ended in Jun. 2024 was €576.89 Mil. Therefore, Irish Residential Properties REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.00%.


Irish Residential Properties REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Irish Residential Properties 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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Irish Residential Properties REIT Effective Interest Rate on Debt % Chart

Irish Residential Properties REIT 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 2.78 2.48 2.57 2.82 4.79

Irish Residential Properties REIT Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2.44 3.02 4.27 5.12 5.00

Competitive Comparison of Irish Residential Properties REIT's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Irish Residential Properties 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.


Irish Residential Properties REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Irish Residential Properties REIT Effective Interest Rate on Debt % Calculation

Irish Residential Properties 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  *  -29.629/( (660.659+575.748)/ 2 )
=-1  *  -29.629/618.2035
=4.79 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=660.243 + 0.416
=660.659

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=575.322 + 0.426
=575.748

Irish Residential Properties REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -28.822/( (575.748+578.029)/ 2 )
=-1  *  -28.822/576.8885
=5.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=575.322 + 0.426
=575.748

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=577.597 + 0.432
=578.029

* 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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Irish Residential Properties REIT  (DUB:IRES) Effective Interest Rate on Debt % Explanation

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


Irish Residential Properties REIT Effective Interest Rate on Debt % Related Terms

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Irish Residential Properties REIT Business Description

Traded in Other Exchanges
Address
South Dock House, Hanover Quay, Dublin 2, IRL, D02 XW94
Irish Residential Properties REIT PLC is a Real Estate Investment Trust that focuses on acquiring, holding, managing, and developing investments primarily focused on residential rental accommodations in Ireland. The group operates in one business segment, namely property investment.

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