AREIT Prop (JSE:APO) Long-Term Capital Lease Obligation : R0.00 Mil (As of Dec. 2022)

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What is AREIT Prop Long-Term Capital Lease Obligation?

AREIT Prop's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was R0.00 Mil.

AREIT Prop Long-Term Capital Lease Obligation Historical Data

The historical data trend for AREIT Prop'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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AREIT Prop Long-Term Capital Lease Obligation Chart

AREIT Prop Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

AREIT Prop Quarterly Data
	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	-	-	-	-

AREIT Prop (JSE:APO) 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.

AREIT Prop Long-Term Capital Lease Obligation Related Terms

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AREIT Prop (JSE:APO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AREIT Prop Ltd (JSE:APO) » Definitions » Long-Term Capital Lease Obligation

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Address

Cape Town, Cape Town, ZAF

Website

http://www.areitprop.co.za

AREIT Prop Ltd is a property group holding leasehold properties focused on the hospitality and medical sector, allowing investors to gain exposure to the property ?market without the exposure to property-related expenses, risks, and debt.