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Crombie Real Estate Investment Trust (TSX:CRR.UN) Effective Interest Rate on Debt % : 4.40% (As of Dec. 2023)


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What is Crombie Real Estate Investment 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. Crombie Real Estate Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$95.9 Mil. Crombie Real Estate Investment Trust's average total debt for the quarter that ended in Dec. 2023 was C$2,176.9 Mil. Therefore, Crombie Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.40%.


Crombie Real Estate Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Crombie Real Estate Investment 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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Crombie Real Estate Investment Trust Effective Interest Rate on Debt % Chart

Crombie Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 3.85 3.94 3.86 4.07

Crombie Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.89 3.99 3.98 3.86 4.40

Competitive Comparison of Crombie Real Estate Investment Trust's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Crombie Real Estate Investment 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.


Crombie Real Estate Investment Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Crombie Real Estate Investment Trust's Effective Interest Rate on Debt % falls into.



Crombie Real Estate Investment Trust Effective Interest Rate on Debt % Calculation

Crombie Real Estate Investment 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  *  -86.805/( (2080.973+2187.08)/ 2 )
=-1  *  -86.805/2134.0265
=4.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1833.072 + 247.901
=2080.973

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1965.725 + 221.355
=2187.08

Crombie Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -95.884/( (2166.814+2187.08)/ 2 )
=-1  *  -95.884/2176.947
=4.40 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1910.461 + 256.353
=2166.814

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1965.725 + 221.355
=2187.08

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


Crombie Real Estate Investment Trust  (TSX:CRR.UN) Effective Interest Rate on Debt % Explanation

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


Crombie Real Estate Investment Trust Effective Interest Rate on Debt % Related Terms

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Crombie Real Estate Investment Trust (TSX:CRR.UN) Business Description

Traded in Other Exchanges
Address
610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2
Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.

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