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Flagship Communities REIT (TSX:MHC.U) Effective Interest Rate on Debt % : 4.43% (As of Dec. 2023)


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What is Flagship Communities 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. Flagship Communities REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15.96 Mil. Flagship Communities REIT's average total debt for the quarter that ended in Dec. 2023 was $360.54 Mil. Therefore, Flagship Communities REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.43%.


Flagship Communities REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Flagship Communities 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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Flagship Communities REIT Effective Interest Rate on Debt % Chart

Flagship Communities REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.86 - 3.39 3.69 4.06

Flagship Communities REIT Quarterly Data
Dec18 Jun19 Dec19 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 4.08 3.97 4.15 4.09 4.43

Competitive Comparison of Flagship Communities REIT's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Flagship Communities 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.


Flagship Communities REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Flagship Communities REIT's Effective Interest Rate on Debt % falls into.



Flagship Communities REIT Effective Interest Rate on Debt % Calculation

Flagship Communities 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  *  -14.332/( (342.562+363.369)/ 2 )
=-1  *  -14.332/352.9655
=4.06 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=331.83 + 10.732
=342.562

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=331.848 + 31.521
=363.369

Flagship Communities REIT'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  *  -15.956/( (357.71+363.369)/ 2 )
=-1  *  -15.956/360.5395
=4.43 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=350.952 + 6.758
=357.71

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=331.848 + 31.521
=363.369

* 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.


Flagship Communities REIT  (TSX:MHC.U) Effective Interest Rate on Debt % Explanation

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


Flagship Communities REIT Effective Interest Rate on Debt % Related Terms

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Flagship Communities REIT (TSX:MHC.U) Business Description

Industry
Traded in Other Exchanges
Address
467 Erlanger Road, Erlanger, KY, USA, 41018
Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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