GLP J-REIT (GLP J-REIT) Effective Interest Rate on Debt % : 0.53% (As of Aug. 2023)

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What is GLP J-REIT 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. GLP J-REIT's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $14.6 Mil. GLP J-REIT's average total debt for the quarter that ended in Aug. 2023 was $2,761.6 Mil. Therefore, GLP J-REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 0.53%.

GLP J-REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for GLP J-REIT'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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GLP J-REIT Effective Interest Rate on Debt % Chart

GLP J-REIT Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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0.71

0.57

0.53

0.47

0.52

GLP J-REIT Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.51	0.48	0.53	0.53	0.55

Competitive Comparison of GLP J-REIT's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, GLP J-REIT'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.

GLP J-REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, GLP J-REIT's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where GLP J-REIT's Effective Interest Rate on Debt % falls into.

GLP J-REIT Effective Interest Rate on Debt % Calculation

GLP J-REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -13.754	/	( (2561.436	+	2739.045)	/ 2 )
=	-1 * -13.754	/	2650.2405
=	0.52 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2223.627	+	337.809
=	2561.436

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2521.681	+	217.364
=	2739.045

GLP J-REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -14.566	/	( (2784.069	+	2739.045)	/ 2 )
=	-1 * -14.566	/	2761.557
=	0.53 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2548.662	+	235.407
=	2784.069

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2521.681	+	217.364
=	2739.045

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 two times the semi-annual (Aug. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GLP J-REIT (OTCPK:GLPJF) Effective Interest Rate on Debt % Explanation

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

GLP J-REIT Effective Interest Rate on Debt % Related Terms

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GLP J-REIT (GLP J-REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GLP J-REIT (OTCPK:GLPJF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

3281:Japan

Address

Shiodome City Center, 1-5-2, Higashi-Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.glpjreit.com

GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.

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