Glimcher Realty Trust (FRA:GRY) Effective Interest Rate on Debt % : 4.54% (As of Sep. 2014)

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What is Glimcher Realty 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. Glimcher Realty Trust's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was €63.6 Mil. Glimcher Realty Trust's average total debt for the quarter that ended in Sep. 2014 was €1,398.4 Mil. Therefore, Glimcher Realty Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 4.54%.

Glimcher Realty Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Glimcher Realty 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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Glimcher Realty Trust Effective Interest Rate on Debt % Chart

Glimcher Realty Trust Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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4.76

5.37

5.31

5.16

4.73

Glimcher Realty Trust Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.38	5.52	4.40	4.46	4.54

Competitive Comparison of Glimcher Realty Trust's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Glimcher Realty 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.

Glimcher Realty Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Glimcher Realty Trust Effective Interest Rate on Debt % Calculation

Glimcher Realty Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -58.642	/	( (1131.398	+	1348.969)	/ 2 )
=	-1 * -58.642	/	1240.1835
=	4.73 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1131.398	+	0
=	1131.398

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1348.969	+	0
=	1348.969

Glimcher Realty Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2014 )	+	Total Debt (Q: Sep. 2014 ))	/ count )
=	-1 * -63.556	/	( (1372.565	+	1424.29)	/ 2 )
=	-1 * -63.556	/	1398.4275
=	4.54 %

where

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1372.565	+	0
=	1372.565

	Total Debt (Q: Sep. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1424.29	+	0
=	1424.29

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. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Glimcher Realty Trust (FRA:GRY) Effective Interest Rate on Debt % Explanation

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

Glimcher Realty Trust Effective Interest Rate on Debt % Related Terms

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Glimcher Realty Trust (FRA:GRY) Business Description

Industry

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Address

Website

http://www.glimcher.com

Glimcher Realty Trust is a self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993. The Company and its affiliates are engaged in owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls and community shopping centers. At December 31, 2013, the Company owned material interests in and managed 28 properties - 25 wholly-owned and 3 partially owned through joint ventures which are located in 15 states. The Properties contain an aggregate of approximately 19.3 million square feet of gross leasable area of which approximately 95.6% was occupied at December 31, 2013. The Malls provide a range of shopping alternatives to serve the needs of customers in all market segments. The Company's Malls are in various formats such as enclosed regional malls, open-air retail centers, and outlet centers. Malls are generally anchored by multiple department stores such as Belk's, The Bon-Ton, Boscov's, Dick's Sporting Goods, Dillard's, Elder-Beerman, Herberger's, JCPenney, Kohl's, Macy's, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Bath & Body Works, Express, Finish Line, Foot Locker, Forever 21, H&M, Hallmark, Kay Jewelers, The Limited, lululemon athletica, Pacific Sunwear, and Victoria's Secret. The Malls also have additional restaurants and retail businesses, such as Benihana, Cheesecake Factory, P.F. Chang's, and Red Lobster, located along the perimeter of the parking areas. The Company's Community Centers are designed to attract local and regional area customers and are typically anchored by a combination of discount department stores or supermarkets which attract shoppers to each center's smaller shops. The tenants at the Company's Community Centers typically offer day-to-day necessities and value-oriented merchandise. Many of the Community Centers have retail businesses or restaurants located along the perimeter of the parking areas. There are numerous shopping facilities that compete with the Company's Properties in attracting retailers to lease space.

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