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Lightstone Value Plus REIT I (Lightstone Value Plus REIT I) Effective Interest Rate on Debt % : 9.89% (As of Mar. 2024)


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What is Lightstone Value Plus REIT I 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. Lightstone Value Plus REIT I's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $25.92 Mil. Lightstone Value Plus REIT I's average total debt for the quarter that ended in Mar. 2024 was $262.16 Mil. Therefore, Lightstone Value Plus REIT I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.89%.


Lightstone Value Plus REIT I Effective Interest Rate on Debt % Historical Data

The historical data trend for Lightstone Value Plus REIT I'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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Lightstone Value Plus REIT I Effective Interest Rate on Debt % Chart

Lightstone Value Plus REIT I 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 1.18 1.67 1.43 2.46 9.99

Lightstone Value Plus REIT I Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.15 10.79 10.90 10.57 9.89

Competitive Comparison of Lightstone Value Plus REIT I's Effective Interest Rate on Debt %

For the REIT - Hotel & Motel subindustry, Lightstone Value Plus REIT I'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.


Lightstone Value Plus REIT I's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lightstone Value Plus REIT I's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lightstone Value Plus REIT I's Effective Interest Rate on Debt % falls into.



Lightstone Value Plus REIT I Effective Interest Rate on Debt % Calculation

Lightstone Value Plus REIT I'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  *  -25.991/( (260.579+259.698)/ 2 )
=-1  *  -25.991/260.1385
=9.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.579 + 0
=260.579

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.698 + 0
=259.698

Lightstone Value Plus REIT I's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -25.92/( (259.698+264.631)/ 2 )
=-1  *  -25.92/262.1645
=9.89 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.698 + 0
=259.698

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=264.631 + 0
=264.631

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Lightstone Value Plus REIT I  (GREY:LHTV) Effective Interest Rate on Debt % Explanation

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


Lightstone Value Plus REIT I Effective Interest Rate on Debt % Related Terms

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Lightstone Value Plus REIT I (Lightstone Value Plus REIT I) Business Description

Traded in Other Exchanges
N/A
Address
1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ, USA, 08701
Lightstone Value Plus REIT I Inc operates as a real estate investment trust company. Principally, it engages in the business of investing in and owning commercial and residential real estate properties located in the United States. Additionally, its commercial holdings consist of retail primarily multi-tenant shopping centers, lodging, industrial and residential properties comprised of multi-family complexes. The company generates revenue through the provision of rental, tenant, and other services.
Executives
Howard E Friedman director 6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Owen Peyton H Jr officer: President C/O LIGHTSTONE GROUP, 326 THIRD STREET, LAKEWOOD NJ 08701
Donna Brandin officer: CFO and Treasurer C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
George R Whittemore director P.O. BOX 330, MIDLOTHIAN VA 23113
Michael M Schurer officer: CFO, Treasurer C/O THE LIGHTSTONE GROUP, LLC, 326 3RD STREET, LAKEWOOD NJ 08701
Stephen H Hamrick officer: VP, Investor Relations 139 VAN BOLEN WAY, MAHWAH NJ 07430
David Lichtenstein director, officer: CEO, President, Chairmn Bd Dr C/O THE LIGHTSTONE GROUP, LLC, 1985 CEDAR BRIDGE AVENUE, SUITE 1, LAKEWOOD NJ 08701
Edwin J Glickman director
Vinck Bruno De director, officer: COO, Senior VP, Secretary C/O THE LIGHTSTONE GROUP, LLC, 1985 CEDAR BRIDGE AVENUE, SUITE 1, LAKEWOOD NJ 08701
Shawn R Tominus director C/O METRO MANAGEMENT, P.O. BOX 425, OLD BRIDGE NJ 08857
Joseph E Teichman officer: General Counsel C/O LIGHTSTONE VALUE PLUS REIT, INC., 326 THIRD STREET, LAKEWOOD NJ 08701

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