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Simon Property Group (Simon Property Group) Effective Interest Rate on Debt % : 3.47% (As of Dec. 2023)


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What is Simon Property Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Simon Property Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $900 Mil. Simon Property Group's average total debt for the quarter that ended in Dec. 2023 was $25,963 Mil. Therefore, Simon Property Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.47%.


Simon Property Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Simon Property Group's Effective Interest Rate on Debt % 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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Simon Property Group Effective Interest Rate on Debt % Chart

Simon Property Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.02 3.00 2.97 3.29

Simon Property Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 3.18 3.10 3.38 3.34 3.47

Competitive Comparison of Simon Property Group's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Simon Property Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.


Simon Property Group's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Simon Property Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Simon Property Group's Effective Interest Rate on Debt % falls into.



Simon Property Group Effective Interest Rate on Debt % Calculation

Simon Property Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -854.648/( (25458.239+26518.284)/ 2 )
=-1  *  -854.648/25988.2615
=3.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25458.239 + 0
=25458.239

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26518.284 + 0
=26518.284

Simon Property Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -899.692/( (25407.585+26518.284)/ 2 )
=-1  *  -899.692/25962.9345
=3.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25407.585 + 0
=25407.585

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26518.284 + 0
=26518.284

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Simon Property Group  (NYSE:SPG) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Simon Property Group Effective Interest Rate on Debt % Related Terms

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Simon Property Group (Simon Property Group) Business Description

Industry
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Executives
Larry C Glasscock director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Randall J Lewis director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Allan B Hubbard director ANTHEM INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glyn Aeppel director 6 WHIPPOORWILL LANE, WESTPORT CT 06880
Gary M Rodkin director 700 ANDERSON HILL RD, PURCHASE NJ 10577
Reuben S Leibowitz director 466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Marta R Stewart director C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Daniel C. Smith director 3000 GODFREY GRADUATE AND EXECUTIVE CTR., 1275 EAST TENTH STREET, BLOOMINGTON IN 47405-1703
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Peggy Fang Roe director 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Karen N Horn director
Smith J Albert Jr director 111 MONUMENT CIRCLE, IN1-0175, INDIANAPOLIS IN 46204
Matthew A Jackson officer: SVP, Assistant Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46256
Kevin M Kelly officer: Asst. General Counsel/Sec. 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204
Donald G Frey officer: EVP, Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204