MREIT (PHS:MREIT) Interest Expense : ₱-306 Mil (TTM As of Mar. 2024)

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What is MREIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MREIT's interest expense for the three months ended in Mar. 2024 was ₱ -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-306 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. MREIT's Operating Income for the three months ended in Mar. 2024 was ₱ 791 Mil. MREIT's Interest Expense for the three months ended in Mar. 2024 was ₱ -74 Mil. MREIT's Interest Coverage for the quarter that ended in Mar. 2024 was 10.68. 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.

MREIT Interest Expense Historical Data

The historical data trend for MREIT'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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MREIT Interest Expense Chart

MREIT Annual Data

Trend

Jun21

Dec22

Dec23

Interest Expense

-309.09

-306.98

MREIT Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-75.24	-78.83	-77.85	-75.06	-74.08

MREIT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-306 Mil.

MREIT (PHS:MREIT) 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.

MREIT's Interest Expense for the three months ended in Mar. 2024 was ₱-74 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱791 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱7,208 Mil.

MREIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	791.081	/	-74.084
	=	10.68

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

MREIT (PHS:MREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MREIT Inc (PHS:MREIT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

36th Street corner 11th Avenue, 18th Floor, Alliance Global Tower, Uptown Bonifacio, Taguig, PHL, 1634

Website

https://www.mreit.com.ph

MREIT Inc operates as a Real Estate Investment Trust. The company's portfolio consists of commercial spaces primarily leased for office purposes, which may also be used and leased for retail purposes as required The Company operates in single operating segment which is the lease of its buildings.

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