Cominar Real Estate Investment Trust (TSX:CUF.UN) Interest Expense : C$-130.3 Mil (TTM As of Dec. 2021)

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What is Cominar Real Estate Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cominar Real Estate Investment Trust's interest expense for the three months ended in Dec. 2021 was C$ -34.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was C$-130.3 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. Cominar Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2021 was C$ 65.6 Mil. Cominar Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2021 was C$ -34.7 Mil. Cominar Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2021 was 1.89. 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.

Cominar Real Estate Investment Trust Interest Expense Historical Data

The historical data trend for Cominar Real Estate Investment Trust'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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Cominar Real Estate Investment Trust Interest Expense Chart

Cominar Real Estate Investment Trust Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-170.88

-150.16

-147.17

-138.68

-130.31

Cominar Real Estate Investment Trust Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Interest Expense	Get a 7-Day Free Trial															-32.27	-30.55	-33.00	-32.10	-34.65

Cominar Real Estate Investment Trust 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-130.3 Mil.

Cominar Real Estate Investment Trust (TSX:CUF.UN) 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.

Cominar Real Estate Investment Trust's Interest Expense for the three months ended in Dec. 2021 was C$-34.7 Mil. Its Operating Income for the three months ended in Dec. 2021 was C$65.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was C$3,459.9 Mil.

Cominar Real Estate Investment Trust's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	65.637	/	-34.654
	=	1.89

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

Cominar Real Estate Investment Trust (TSX:CUF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cominar Real Estate Investment Trust (TSX:CUF.UN) » Definitions » Interest Expense

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Address

2820 Laurier Boulevard, Suite 850, Quebec City, QC, CAN, G1V 0C1

Website

https://www.cominar.com

Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.

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