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Smartstop Self Storage REIT (Smartstop Self Storage REIT) Effective Interest Rate on Debt % : 6.07% (As of Mar. 2024)


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What is Smartstop Self Storage 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. Smartstop Self Storage REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $66.2 Mil. Smartstop Self Storage REIT's average total debt for the quarter that ended in Mar. 2024 was $1,090.3 Mil. Therefore, Smartstop Self Storage REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.07%.


Smartstop Self Storage REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Smartstop Self Storage 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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Smartstop Self Storage REIT Effective Interest Rate on Debt % Chart

Smartstop Self Storage REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.83 5.04 4.19 4.27 5.73

Smartstop Self Storage REIT Quarterly Data
Dec18 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 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 5.47 5.62 6.08 6.08 6.07

Competitive Comparison of Smartstop Self Storage REIT's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Smartstop Self Storage 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.


Smartstop Self Storage REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Smartstop Self Storage REIT Effective Interest Rate on Debt % Calculation

Smartstop Self Storage 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  *  -61.805/( (1068.372+1087.401)/ 2 )
=-1  *  -61.805/1077.8865
=5.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1068.372 + 0
=1068.372

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1087.401 + 0
=1087.401

Smartstop Self Storage REIT'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  *  -66.212/( (1087.401+1093.201)/ 2 )
=-1  *  -66.212/1090.301
=6.07 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1087.401 + 0
=1087.401

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1093.201 + 0
=1093.201

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


Smartstop Self Storage REIT  (OTCPK:STSFF) Effective Interest Rate on Debt % Explanation

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


Smartstop Self Storage REIT Effective Interest Rate on Debt % Related Terms

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Smartstop Self Storage REIT (Smartstop Self Storage REIT) Business Description

Traded in Other Exchanges
N/A
Address
10 Terrace Road, Ladera Ranch, CA, USA, 92694
Smartstop Self Storage REIT Inc operates as a real estate investment trust. The trust owns, acquires, and operates self-storage properties. It operates in two segments namely, self-storage operations and managed REIT platform business. The investment objective is to focus on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term. The rental income was concentrated in Florida, California, and the Greater Toronto Area of Canada.
Executives
Wayne Johnson officer: President and CIO 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael Mcclure officer: Chief Executive Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Paula M. Mathews director 10 TERRACE ROAD, LADERA RANCH CA 92694
Joseph H Robinson officer: Chief Operations Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Harold Perry director 10 TERRACE ROAD, LADERA RANCH CA 92694
James L. Berg officer: Former Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael O Terjung officer: Chief Accounting Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Gerald Valle officer: SVP, Self-Storage Operations 10 TERRACE ROAD, LADERA RANCH CA 92694
James R. Barry officer: CFO and Treasurer 10 TERRACE ROAD, LADERA RANCH CA 92694
Nicholas Look officer: General Counsel and Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
David J Mueller director 10 TERRACE ROAD, LADERA RANCH CA 92694
Matt F Lopez officer: Chief Financial Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
William H Brownfield director 111 CORPORATE DRIVE, SUITE 120, LADERA RANCH CA 92694
Timothy S. Morris director 10 TERRACE ROAD, LADERA RANCH CA 92694
H. Michael Schwartz director, officer: Chairman, CEO and President 10 TERRACE ROAD, LADERA RANCH CA 92694

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