CT Real Estate Investment Trust (CT Real Estate Investment Trust) Long-Term Capital Lease Obligation : $74.7 Mil (As of Dec. 2023)

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What is CT Real Estate Investment Trust Long-Term Capital Lease Obligation?

CT Real Estate Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74.7 Mil.

CT Real Estate Investment Trust's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($72.6 Mil) to Sep. 2023 ($71.3 Mil) but then increased from Sep. 2023 ($71.3 Mil) to Dec. 2023 ($74.7 Mil).

CT Real Estate Investment Trust's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($58.4 Mil) to Dec. 2022 ($75.2 Mil) but then declined from Dec. 2022 ($75.2 Mil) to Dec. 2023 ($74.7 Mil).

CT Real Estate Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for CT Real Estate Investment Trust's Long-Term Capital Lease Obligation 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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CT Real Estate Investment Trust Long-Term Capital Lease Obligation Chart

CT Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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46.61

51.39

58.37

75.25

74.67

CT 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
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															75.25	70.26	72.60	71.32	74.67

CT Real Estate Investment Trust (OTCPK:CTRRF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

CT Real Estate Investment Trust Long-Term Capital Lease Obligation Related Terms

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CT Real Estate Investment Trust (CT Real Estate Investment Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CT Real Estate Investment Trust (OTCPK:CTRRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CRT.UN:Canada

Address

2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8

Website

https://www.ctreit.com

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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