VEREIT (FRA:50AA) Interest Expense : €-207.3 Mil (TTM As of Sep. 2021)

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What is VEREIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VEREIT's interest expense for the three months ended in Sep. 2021 was € -50.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was €-207.3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. VEREIT's Operating Income for the three months ended in Sep. 2021 was € 120.9 Mil. VEREIT's Interest Expense for the three months ended in Sep. 2021 was € -50.8 Mil. VEREIT's Interest Coverage for the quarter that ended in Sep. 2021 was 2.38. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

VEREIT Interest Expense Historical Data

The historical data trend for VEREIT's Interest Expense 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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VEREIT Interest Expense Chart

VEREIT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-300.87

-244.85

-246.90

-250.72

-218.37

VEREIT Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-56.83	-56.24	-51.02	-49.21	-50.80

VEREIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €-207.3 Mil.

VEREIT (FRA:50AA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

VEREIT's Interest Expense for the three months ended in Sep. 2021 was €-50.8 Mil. Its Operating Income for the three months ended in Sep. 2021 was €120.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was €4,908.5 Mil.

VEREIT's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	120.898	/	-50.803
	=	2.38

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. VEREIT Inc interest coverage is 2.21, which is low.

VEREIT (FRA:50AA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (FRA:50AA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2325 East Camelback Road, 9th Floor, Phoenix, AZ, USA, 85016

Website

https://www.vereit.com

VEREIT Inc is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations through the Real Estate Investment segment and the investment management segment. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries.

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