Generationome Properties (Generationome Properties) Effective Interest Rate on Debt % : 5.95% (As of Mar. 2024)

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What is Generationome Properties 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. Generationome Properties's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $4.08 Mil. Generationome Properties's average total debt for the quarter that ended in Mar. 2024 was $68.60 Mil. Therefore, Generationome Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.95%.

Generationome Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Generationome Properties'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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Generationome Properties Effective Interest Rate on Debt % Chart

Generationome Properties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.59

4.85

4.49

4.50

4.91

Generationome Properties Quarterly Data
	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.36	4.35	5.52	6.03	5.95

Competitive Comparison of Generationome Properties's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Generationome Properties'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.

Generationome Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Generationome Properties Effective Interest Rate on Debt % Calculation

Generationome Properties'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 * -2.744	/	( (43.09	+	68.732)	/ 2 )
=	-1 * -2.744	/	55.911
=	4.91 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.09	+	0
=	43.09

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.732	+	0
=	68.732

Generationome Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -4.084	/	( (68.732	+	68.472)	/ 2 )
=	-1 * -4.084	/	68.602
=	5.95 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.732	+	0
=	68.732

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.472	+	0
=	68.472

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

Generationome Properties (NAS:GIPRW) Effective Interest Rate on Debt % Explanation

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

Generationome Properties Effective Interest Rate on Debt % Related Terms

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Generationome Properties (Generationome Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Generation Income Properties Inc (NAS:GIPRW) » Definitions » Effective Interest Rate on Debt %

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GIPR:USA

Address

401 East Jackson Street, Suite 3300, Tampa, FL, USA, 33602

Website

https://www.gipreit.com

Generation Income Properties Inc is an internally managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high-quality tenants in major markets throughout the United States. Its key source of revenue is the rental income. The company holds properties in Alabama, Arizona, Colorado, District of Columbia, Florida, Illinois, North Carolina and Virginia.