GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pillarstone Capital REIT (OTCPK:PRLEQ) » Definitions » Interest Coverage

Pillarstone Capital REIT (Pillarstone Capital REIT) Interest Coverage : 0.89 (As of Jun. 2022)


View and export this data going back to 1996. Start your Free Trial

What is Pillarstone Capital REIT Interest Coverage?

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 by its Interest Expense. Pillarstone Capital REIT's Operating Income for the three months ended in Jun. 2022 was $0.18 Mil. Pillarstone Capital REIT's Interest Expense for the three months ended in Jun. 2022 was $-0.20 Mil. Pillarstone Capital REIT's interest coverage for the quarter that ended in Jun. 2022 was 0.89. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Pillarstone Capital REIT's Interest Coverage or its related term are showing as below:


PRLEQ's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 2.98
* Ranked among companies with meaningful Interest Coverage only.

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


Pillarstone Capital REIT Interest Coverage Historical Data

The historical data trend for Pillarstone Capital REIT's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Pillarstone Capital REIT Interest Coverage Chart

Pillarstone Capital REIT Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 1.82 1.68 1.90 1.56

Pillarstone Capital REIT Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage 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 1.57 1.71 1.88 2.11 0.89

Competitive Comparison of Pillarstone Capital REIT's Interest Coverage

For the REIT - Office subindustry, Pillarstone Capital REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Pillarstone Capital REIT's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Pillarstone Capital REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pillarstone Capital REIT's Interest Coverage falls into.



Pillarstone Capital REIT Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

Pillarstone Capital REIT's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Pillarstone Capital REIT's Interest Expense was $-0.81 Mil. Its Operating Income was $1.26 Mil. And its Long-Term Debt & Capital Lease Obligation was $15.12 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*1.264/-0.811
=1.56

Pillarstone Capital REIT's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Pillarstone Capital REIT's Interest Expense was $-0.20 Mil. Its Operating Income was $0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $15.13 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*0.179/-0.202
=0.89

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Pillarstone Capital REIT  (OTCPK:PRLEQ) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Pillarstone Capital REIT Interest Coverage Related Terms

Thank you for viewing the detailed overview of Pillarstone Capital REIT's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Pillarstone Capital REIT (Pillarstone Capital REIT) Business Description

Traded in Other Exchanges
N/A
Address
2600 South Gessner, Suite 555, Houston, TX, USA, 77063
Pillarstone Capital REIT is a real estate investment trust. It is engaged in the business activity of investing, owning, and operating non-retail, commercial, and residential real estate properties. The company's property portfolio includes Corporate Park Northwest, Corporate Park West, Corporate Park Woodland, Holly Hall, Holly Knight, and Uptown Tower among others located in Houston and Dallas, Texas.
Executives
Paul T Lambert director, 10 percent owner
Dennis Chookaszian director 20 S. WACKER DR., CHICAGO IL 60626
Kathy M Jassem director C/O PILLARSTONE CAPITAL REIT, 2600 S. GESSNER RD., SUITE 555, HOUSTON TX 77063
Mark Schurgin 10 percent owner 9841 AIRPORT BOULEVARD, SUITE 700, LOS ANGELES CA 90045
Jack R Kuhn officer: Senior Vice President 1240 HURON ROAD, SUITE 301, CLEVELAND OH 44115
Paragon Real Estate Development Llc 10 percent owner
Daniel G Devos director 1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
Michael T Oliver director 1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
Steven B Hoyt 10 percent owner 2865 LITTLE ORCHARD WAY, ORONO MN 55391
James C Mastandrea director, 10 percent owner, officer: Chairman, CEO and President 1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
John J Dee officer: Senior Vice President
Daryl J Carter director CAPRI CAPITAL LP, 18301 VON KARMAN AVE STE 750, IRVIN CA 92612
Steven M Edelman officer: Chief Investment Officer
Duane H Lund director, officer: Vice President

Pillarstone Capital REIT (Pillarstone Capital REIT) Headlines

No Headlines