Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Effective Interest Rate on Debt % : 3.36% (As of Mar. 2024)

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What is Killam Apartment Real Estate Investment 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. Killam Apartment Real Estate Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$74.0 Mil. Killam Apartment Real Estate Investment Trust's average total debt for the quarter that ended in Mar. 2024 was C$2,199.6 Mil. Therefore, Killam Apartment Real Estate Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.36%.

Killam Apartment Real Estate Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Killam Apartment Real Estate Investment 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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Killam Apartment Real Estate Investment Trust Effective Interest Rate on Debt % Chart

Killam Apartment Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.06

2.86

2.55

2.70

2.98

Killam Apartment Real Estate Investment 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															2.87	2.80	3.08	3.21	3.36

Competitive Comparison of Killam Apartment Real Estate Investment Trust's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Killam Apartment Real Estate Investment 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.

Killam Apartment Real Estate Investment Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Killam Apartment Real Estate Investment Trust's Effective Interest Rate on Debt % falls into.

Killam Apartment Real Estate Investment Trust Effective Interest Rate on Debt % Calculation

Killam Apartment Real Estate Investment 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 * -65.469	/	( (2205.055	+	2186.884)	/ 2 )
=	-1 * -65.469	/	2195.9695
=	2.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1648.962	+	556.093
=	2205.055

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1746.909	+	439.975
=	2186.884

Killam Apartment Real Estate Investment 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 * -74.004	/	( (2186.884	+	2212.414)	/ 2 )
=	-1 * -74.004	/	2199.649
=	3.36 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1746.909	+	439.975
=	2186.884

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1697.344	+	515.07
=	2212.414

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.

Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Effective Interest Rate on Debt % Explanation

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

Killam Apartment Real Estate Investment Trust Effective Interest Rate on Debt % Related Terms

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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

KMMPF:USA

Address

3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8

Website

https://www.killamreit.com

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHCs) and commercial properties in Canada. It has three operating segments, Apartment segment, MHC segment, and Commercial segment. The apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment includes eight commercial properties.

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