Apartmentome REIT (Apartmentome REIT) Interest Expense : $-128.7 Mil (TTM As of Mar. 2024)

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What is Apartmentome REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apartmentome REIT's interest expense for the three months ended in Mar. 2024 was $ -35.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-128.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Apartmentome REIT's Operating Income for the three months ended in Mar. 2024 was $ 37.8 Mil. Apartmentome REIT's Interest Expense for the three months ended in Mar. 2024 was $ -35.3 Mil. Apartmentome REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 1.07. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apartmentome REIT Interest Expense Historical Data

The historical data trend for Apartmentome REIT's Interest Expense 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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Apartmentome REIT Interest Expense Chart

Apartmentome REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-144.27

-147.04

-129.47

-116.46

-129.65

Apartmentome REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-36.19	-37.55	-22.89	-33.03	-35.28

Apartmentome REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-128.7 Mil.

Apartmentome REIT (NYSE:AIRC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apartmentome REIT's Interest Expense for the three months ended in Mar. 2024 was $-35.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $37.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,089.0 Mil.

Apartmentome REIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	37.793	/	-35.282
	=	1.07

The higher the ratio, the stronger the company's financial strength is.

Apartmentome REIT (Apartmentome REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apartment Income REIT Corp (NYSE:AIRC) » Definitions » Interest Expense

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Traded in Other Exchanges

A1IV34:Brazil

Address

4582 South Ulster Street, Suite 1700, Denver, CO, USA, 80237

Website

https://www.aircommunities.com

Apartment Investment and Management Co. owns a portfolio of 73 apartment communities with over 25,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.

Executives

Molly Syke	officer: VP & Chief Accounting Officer	4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Devin Ignatius Murphy	director	104 MAIN STREET, SOUTHPORT CT 06890
John D Rayis	director	4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Keith M Kimmel	officer: President, Property Operations	4582 S ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Joshua Minix	officer: Executive Vice President	4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Matthew O'grady	officer: SVP	4582 SOUTH ULSTER STREET, SUITE 1700, SUITE 1700, DENVER CO 80237
Paul Beldin	officer: EVP & CFO	4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Thomas N Bohjalian	director	C/O APARTMENT INCOME REIT CORP., 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Ann Sperling	director	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Thomas L. Keltner	director	P.O. BOX 2030, SILVERTHORNE CO 80498
Nina A Tran	director	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lisa R Cohn	officer: President & General Counsel	4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Terry Considine	director, officer: CEO	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Hernandez Margarita Palau	director	300 N. SAN RAFAEL AVE., PASADENA CA 91105
Kristin R. Finney-cooke	director	4582 SOUTH ULSTER STREET, SUITE 1700, DENVER CO 80237