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Highlands REIT (Highlands REIT) Effective Interest Rate on Debt % : 6.70% (As of Dec. 2023)


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What is Highlands 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. Highlands REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $7.46 Mil. Highlands REIT's average total debt for the quarter that ended in Dec. 2023 was $111.27 Mil. Therefore, Highlands REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.70%.


Highlands REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Highlands 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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Highlands REIT Effective Interest Rate on Debt % Chart

Highlands 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 6.13 5.10 4.49 4.33 5.58

Highlands REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.52 4.72 5.80 5.28 6.70

Competitive Comparison of Highlands REIT's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Highlands 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.


Highlands REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Highlands REIT Effective Interest Rate on Debt % Calculation

Highlands 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  *  -5.092/( (61.658+120.931)/ 2 )
=-1  *  -5.092/91.2945
=5.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=61.658 + 0
=61.658

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.931 + 0
=120.931

Highlands REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -7.456/( (101.609+120.931)/ 2 )
=-1  *  -7.456/111.27
=6.70 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.609 + 0
=101.609

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.931 + 0
=120.931

* 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Highlands REIT  (OTCPK:HHDS) Effective Interest Rate on Debt % Explanation

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


Highlands REIT Effective Interest Rate on Debt % Related Terms

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Highlands REIT (Highlands REIT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 South Dearborn Street, 20th Floor, Chicago, IL, USA, 60603
Highlands REIT Inc is an independent, self-advised, non-traded real estate investment trust. The company's portfolio consists of office, industrial, retail and apartment assets, correctional facility, and unimproved land. Its business activities are operated through two business segments namely Multi-family and other. The company generates maximum revenue from the Multi-family segment.
Executives
Kimberly A Karas officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Jeffrey L. Shekell director 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Robert J. Lange officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Paul A. Melkus director 332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604
R. David Turner director 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Inventrust Properties Corp. 10 percent owner 3025 HIGHLAND PARKWAY SUITE 350, DOWNERS GROVE IL 60515
Richard Vance director, officer: See Remarks 1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Joseph M. Giannini officer: See Remarks 332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604

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