Camden Property Trust (FRA:CAL) Effective Interest Rate on Debt % : 3.65% (As of Jun. 2024)

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What is Camden Property 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. Camden Property Trust's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €120 Mil. Camden Property Trust's average total debt for the quarter that ended in Jun. 2024 was €3,285 Mil. Therefore, Camden Property Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.65%.

Camden Property Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Camden Property 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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Camden Property Trust Effective Interest Rate on Debt % Chart

Camden Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.37

3.09

3.18

3.41

3.55

Camden Property Trust Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.59	3.63	3.65	3.59	3.65

Competitive Comparison of Camden Property Trust's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Camden Property 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.

Camden Property Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Camden Property Trust's Effective Interest Rate on Debt % falls into.

Camden Property Trust Effective Interest Rate on Debt % Calculation

Camden Property 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 * -122.323	/	( (3474.77	+	3407.022)	/ 2 )
=	-1 * -122.323	/	3440.896
=	3.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3435.122	+	39.648
=	3474.77

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3407.022	+	0
=	3407.022

Camden Property Trust'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: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -119.756	/	( (3269.191	+	3300.56)	/ 2 )
=	-1 * -119.756	/	3284.8755
=	3.65 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3269.191	+	0
=	3269.191

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3300.56	+	0
=	3300.56

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

Camden Property Trust (FRA:CAL) Effective Interest Rate on Debt % Explanation

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

Camden Property Trust Effective Interest Rate on Debt % Related Terms

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Camden Property Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Camden Property Trust (FRA:CAL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CPT:USA C2PT34:Brazil

Address

11 Greenway Plaza, Suite 2400, Houston, TX, USA, 77046

Website

https://www.camdenliving.com

Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.