Northview Residential REIT (TSX:NRR.UN) Effective Interest Rate on Debt % : 5.44% (As of Mar. 2024)

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What is Northview Residential 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. Northview Residential REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$93.9 Mil. Northview Residential REIT's average total debt for the quarter that ended in Mar. 2024 was C$1,726.1 Mil. Therefore, Northview Residential REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.44%.

Northview Residential REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Northview Residential 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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Northview Residential REIT Effective Interest Rate on Debt % Chart

Northview Residential REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.18

11.89

4.07

4.13

5.23

Northview Residential REIT Quarterly Data
	Dec17	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.34	5.38	5.53	5.21	5.44

Competitive Comparison of Northview Residential REIT's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Northview Residential 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.

Northview Residential REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Northview Residential REIT's Effective Interest Rate on Debt % falls into.

Northview Residential REIT Effective Interest Rate on Debt % Calculation

Northview Residential REIT'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 * -80.573	/	( (1354.332	+	1726.97)	/ 2 )
=	-1 * -80.573	/	1540.651
=	5.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	562.433	+	791.899
=	1354.332

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1136.763	+	590.207
=	1726.97

Northview Residential REIT'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 * -93.9	/	( (1726.97	+	1725.251)	/ 2 )
=	-1 * -93.9	/	1726.1105
=	5.44 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1136.763	+	590.207
=	1726.97

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1157.556	+	567.695
=	1725.251

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.

Northview Residential REIT (TSX:NRR.UN) Effective Interest Rate on Debt % Explanation

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

Northview Residential REIT Effective Interest Rate on Debt % Related Terms

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Northview Residential REIT (TSX:NRR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Northview Residential REIT (TSX:NRR.UN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6131 - 6th Street SE, Suite 200, Calgary, AB, CAN, T2H 1L9

Website

https://www.rentnorthview.com

Northview Residential REIT is a internally managed, traditional open-ended real estate investment trust. It acquires, owns, and operate, indirectly, a geographically diversified portfolio comprised of income producing multi-residential suites, commercial real estate, located predominantly in secondary markets in British Columbia, Alberta, Saskatchewan, Quebec, New Brunswick, Newfoundland and Labrador, the Northwest Territories, and Nunavut.

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