Firm Capital Property Trust (TSX:FCD.UN) Effective Interest Rate on Debt % : 4.23% (As of Mar. 2024)

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What is Firm Capital Property Trust 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. Firm Capital Property Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$14.13 Mil. Firm Capital Property Trust's average total debt for the quarter that ended in Mar. 2024 was C$333.84 Mil. Therefore, Firm Capital Property Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.23%.

Firm Capital Property Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Firm Capital Property Trust'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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Firm Capital Property Trust Effective Interest Rate on Debt % Chart

Firm Capital Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.51

3.43

3.26

3.97

4.21

Firm Capital Property Trust 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															4.21	4.51	3.86	3.97	4.23

Competitive Comparison of Firm Capital Property Trust's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Firm Capital Property Trust'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.

Firm Capital Property Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Firm Capital Property Trust's Effective Interest Rate on Debt % falls into.

Firm Capital Property Trust Effective Interest Rate on Debt % Calculation

Firm Capital Property Trust'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 * -13.915	/	( (325.73	+	335.293)	/ 2 )
=	-1 * -13.915	/	330.5115
=	4.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	234.179	+	91.551
=	325.73

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.347	+	128.946
=	335.293

Firm Capital Property Trust'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 * -14.132	/	( (335.293	+	332.39)	/ 2 )
=	-1 * -14.132	/	333.8415
=	4.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.347	+	128.946
=	335.293

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	233.775	+	98.615
=	332.39

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.

Firm Capital Property Trust (TSX:FCD.UN) Effective Interest Rate on Debt % Explanation

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

Firm Capital Property Trust Effective Interest Rate on Debt % Related Terms

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Firm Capital Property Trust (TSX:FCD.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Property Trust (TSX:FCD.UN) » Definitions » Effective Interest Rate on Debt %

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FRMUF:USA

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. It is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The company operates in five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider. A vast majority of its revenues are derived from the Grocery anchored retail segment.

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