Extra Space Storage (FRA:FG8) Effective Interest Rate on Debt % : 5.06% (As of Sep. 2024)

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What is Extra Space Storage 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. Extra Space Storage's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €555 Mil. Extra Space Storage's average total debt for the quarter that ended in Sep. 2024 was €10,958 Mil. Therefore, Extra Space Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 5.06%.

Extra Space Storage Effective Interest Rate on Debt % Historical Data

The historical data trend for Extra Space Storage'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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Extra Space Storage Effective Interest Rate on Debt % Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.82

2.91

2.82

3.28

4.60

Extra Space Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.58	4.94	5.08	5.15	5.06

Competitive Comparison of Extra Space Storage's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Extra Space Storage'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.

Extra Space Storage's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Extra Space Storage's Effective Interest Rate on Debt % falls into.

Extra Space Storage Effective Interest Rate on Debt % Calculation

Extra Space Storage'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 * -401.482	/	( (7137.109	+	10319.242)	/ 2 )
=	-1 * -401.482	/	8728.1755
=	4.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6245.029	+	892.08
=	7137.109

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9693.848	+	625.394
=	10319.242

Extra Space Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -554.512	/	( (10891.912	+	11023.123)	/ 2 )
=	-1 * -554.512	/	10957.5175
=	5.06 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10011.22	+	880.692
=	10891.912

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10226.639	+	796.484
=	11023.123

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

Extra Space Storage (FRA:FG8) Effective Interest Rate on Debt % Explanation

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

Extra Space Storage Effective Interest Rate on Debt % Related Terms

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Extra Space Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EXR:USA 0IJV:UK FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

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