Mitsubishi Estate Logistics REIT Investment (TSE:3481) Effective Interest Rate on Debt % : 0.52% (As of Aug. 2023)

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What is Mitsubishi Estate Logistics REIT Investment 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. Mitsubishi Estate Logistics REIT Investment's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was 円537 Mil. Mitsubishi Estate Logistics REIT Investment's average total debt for the quarter that ended in Aug. 2023 was 円104,279 Mil. Therefore, Mitsubishi Estate Logistics REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 0.52%.

Mitsubishi Estate Logistics REIT Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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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Mitsubishi Estate Logistics REIT Investment Effective Interest Rate on Debt % Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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0.46

0.45

0.43

0.54

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									0.40	0.52	0.50	0.52	0.60

Competitive Comparison of Mitsubishi Estate Logistics REIT Investment's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Effective Interest Rate on Debt % falls into.

Mitsubishi Estate Logistics REIT Investment Effective Interest Rate on Debt % Calculation

Mitsubishi Estate Logistics REIT Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -501.148	/	( (82074	+	103184)	/ 2 )
=	-1 * -501.148	/	92629
=	0.54 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76064	+	6010
=	82074

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98404	+	4780
=	103184

Mitsubishi Estate Logistics REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -537.472	/	( (105374	+	103184)	/ 2 )
=	-1 * -537.472	/	104279
=	0.52 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94404	+	10970
=	105374

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98404	+	4780
=	103184

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 (Aug. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mitsubishi Estate Logistics REIT Investment (TSE:3481) Effective Interest Rate on Debt % Explanation

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

Mitsubishi Estate Logistics REIT Investment Effective Interest Rate on Debt % Related Terms

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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