Invitation Homes (Invitation Homes) Effective Interest Rate on Debt % : 4.21% (As of Mar. 2024)

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What is Invitation Homes 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. Invitation Homes's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $359 Mil. Invitation Homes's average total debt for the quarter that ended in Mar. 2024 was $8,545 Mil. Therefore, Invitation Homes's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.21%.

Invitation Homes Effective Interest Rate on Debt % Historical Data

The historical data trend for Invitation Homes'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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Invitation Homes Effective Interest Rate on Debt % Chart

Invitation Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.14

4.29

4.03

3.86

4.09

Invitation Homes Quarterly Data
	Jun19	Sep19	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															4.02	4.05	4.25	4.21	4.21

Competitive Comparison of Invitation Homes's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Invitation Homes'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.

Invitation Homes's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Invitation Homes Effective Interest Rate on Debt % Calculation

Invitation Homes'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 * -333.457	/	( (7769.077	+	8546.052)	/ 2 )
=	-1 * -333.457	/	8157.5645
=	4.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7769.077	+	0
=	7769.077

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8546.052	+	0
=	8546.052

Invitation Homes'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 * -359.38	/	( (8546.052	+	8544.382)	/ 2 )
=	-1 * -359.38	/	8545.217
=	4.21 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8546.052	+	0
=	8546.052

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8544.382	+	0
=	8544.382

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.

Invitation Homes (NYSE:INVH) Effective Interest Rate on Debt % Explanation

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

Invitation Homes Effective Interest Rate on Debt % Related Terms

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Invitation Homes (Invitation Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invitation Homes Inc (NYSE:INVH) » Definitions » Effective Interest Rate on Debt %

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INVH:Mexico

Address

1717 Main Street, Suite 2000, Dallas, TX, USA, 75201

Website

https://www.invitationhomes.com

Invitation Homes owns a portfolio of nearly 83,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

Executives

Scott G. Eisen	officer: EVP, Chief Investment Officer	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Jonathan S. Olsen	officer: EVP & CFO	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Keith D Taylor	director	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Frances Aldrich Sevilla-sacasa	director	3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Dallas B Tanner	officer: See Remarks	C/O INVITATION HOMES INC., 1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Janice L. Sears	director	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Charles D. Young	officer: Chief Operating Officer	C/O STARWOOD WAYPOINT RESIDENTIAL TRUST, 1999 HARRISON STREET, 24TH FLOOR, OAKLAND CA 94612
Bryce Blair	director
Ernest Michael Freedman	officer: See Remarks	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Kimberly K Norrell	officer: See Remarks	C/O INVITATION HOMES INC., 1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Roizen Jo Ann Heidi	director
Joseph D Margolis	director	C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Brep Ih6 Holdings Llc	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Ih3 Holdco Gp Llc	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Brep Vii-nq Side-by-side Gp L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154