Emira Property Fund (JSE:EMI) Effective Interest Rate on Debt % : 8.54% (As of Sep. 2024)

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What is Emira Property Fund 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. Emira Property Fund's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was R584 Mil. Emira Property Fund's average total debt for the quarter that ended in Sep. 2024 was R6,843 Mil. Therefore, Emira Property Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.54%.

Emira Property Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Emira Property Fund'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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Emira Property Fund Effective Interest Rate on Debt % Chart

Emira Property Fund Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Mar24

Effective Interest Rate on Debt %

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7.91

7.58

7.56

7.30

9.65

Emira Property Fund Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.34	7.70	8.89	9.16	8.54

Competitive Comparison of Emira Property Fund's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Emira Property Fund'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.

Emira Property Fund's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Emira Property Fund's Effective Interest Rate on Debt % falls into.

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Emira Property Fund Effective Interest Rate on Debt % Calculation

Emira Property Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -584.294	/	( (5616.721	+	6492.03)	/ 2 )
=	-1 * -584.294	/	6054.3755
=	9.65 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4183.001	+	1433.72
=	5616.721

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4583.117	+	1908.913
=	6492.03

Emira Property Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -584.468	/	( (6492.03	+	7194.425)	/ 2 )
=	-1 * -584.468	/	6843.2275
=	8.54 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4583.117	+	1908.913
=	6492.03

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4846.376	+	2348.049
=	7194.425

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 two times the semi-annual (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Emira Property Fund (JSE:EMI) Effective Interest Rate on Debt % Explanation

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

Emira Property Fund Effective Interest Rate on Debt % Related Terms

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Emira Property Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Emira Property Fund Ltd (JSE:EMI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

33 Sloane Street, 1st Floor, Block A, Knightsbridge Office Park, Bryanston, Johannesburg, GT, ZAF, 2191

Website

https://www.emira.co.za

Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property and the corporate segment comprises the South African administration activities of the Group.

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