Independence Realty Trust (Independence Realty Trust) Effective Interest Rate on Debt % : 3.41% (As of Mar. 2024)

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What is Independence 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. Independence Realty Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $82.4 Mil. Independence Realty Trust's average total debt for the quarter that ended in Mar. 2024 was $2,413.3 Mil. Therefore, Independence Realty Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.41%.

Independence Realty Trust Effective Interest Rate on Debt % Historical Data

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

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.98

3.78

1.99

3.26

3.47

Independence Realty Trust 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															3.36	3.37	3.28	3.58	3.41

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

For the REIT - Residential subindustry, Independence 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.

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

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

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

Independence Realty Trust Effective Interest Rate on Debt % Calculation

Independence Realty Trust'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 * -89.921	/	( (2631.645	+	2549.409)	/ 2 )
=	-1 * -89.921	/	2590.527
=	3.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1806.82	+	824.825
=	2631.645

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1709.948	+	839.461
=	2549.409

Independence Realty Trust'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 * -82.412	/	( (2549.409	+	2277.098)	/ 2 )
=	-1 * -82.412	/	2413.2535
=	3.41 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1709.948	+	839.461
=	2549.409

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1564.985	+	712.113
=	2277.098

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.

Independence Realty Trust (NYSE:IRT) Effective Interest Rate on Debt % Explanation

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

Independence Realty Trust Effective Interest Rate on Debt % Related Terms

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Independence Realty Trust (Independence Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (NYSE:IRT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

VRE AIRC ELME UMH AIV CSR NXRT BRT CLPR BHM AVB EQR INVH MAA SUI ESS ELS AMH UDR CPT

Traded in Other Exchanges

N/A

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Executives

Michele R. Weisbaum	other: General Counsel	C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer	director, officer: Chairman, CEO & President	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland	director, officer: Chief Operating Officer
Stephen R. Bowie	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie	director	18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra	officer: CFO & Treasurer	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman	officer: EVP, General Counsel	1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier	officer: CAO and Controller	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103