Broadstone Net Lease (STU:62XA) Effective Interest Rate on Debt % : 3.86% (As of Mar. 2024)

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What is Broadstone Net Lease 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. Broadstone Net Lease's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €68.4 Mil. Broadstone Net Lease's average total debt for the quarter that ended in Mar. 2024 was €1,770.8 Mil. Therefore, Broadstone Net Lease's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.86%.

Broadstone Net Lease Effective Interest Rate on Debt % Historical Data

The historical data trend for Broadstone Net Lease'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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Broadstone Net Lease Effective Interest Rate on Debt % Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.28

4.10

4.11

4.13

3.82

Broadstone Net Lease 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															3.99	4.04	4.01	3.89	3.86

Competitive Comparison of Broadstone Net Lease's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Broadstone Net Lease'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.

Broadstone Net Lease's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Broadstone Net Lease's Effective Interest Rate on Debt % falls into.

Broadstone Net Lease Effective Interest Rate on Debt % Calculation

Broadstone Net Lease'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 * -73.409	/	( (2096.145	+	1752.165)	/ 2 )
=	-1 * -73.409	/	1924.155
=	3.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1909.873	+	186.272
=	2096.145

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1752.165	+	0
=	1752.165

Broadstone Net Lease'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 * -68.368	/	( (1752.165	+	1789.444)	/ 2 )
=	-1 * -68.368	/	1770.8045
=	3.86 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1752.165	+	0
=	1752.165

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1721.53	+	67.914
=	1789.444

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.

Broadstone Net Lease (STU:62XA) Effective Interest Rate on Debt % Explanation

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

Broadstone Net Lease Effective Interest Rate on Debt % Related Terms

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Broadstone Net Lease (STU:62XA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (STU:62XA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BNL:USA 62XA:Germany

Address

800 Clinton Square, Rochester, NY, USA, 14604

Website

https://investors.bnl.broadstone.com

Broadstone Net Lease Inc is an internally-managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

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