National Storage REIT (ASX:NSR) Interest Expense : A$-45.0 Mil (TTM As of Dec. 2023)

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What is National Storage REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Storage REIT's interest expense for the six months ended in Dec. 2023 was A$ -24.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-45.0 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. National Storage REIT's Operating Income for the six months ended in Dec. 2023 was A$ 92.4 Mil. National Storage REIT's Interest Expense for the six months ended in Dec. 2023 was A$ -24.6 Mil. National Storage REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 3.76. 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.

National Storage REIT Interest Expense Historical Data

The historical data trend for National Storage 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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National Storage REIT Interest Expense Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-25.93

-31.36

-30.93

-26.72

-42.98

National Storage REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-16.90	-9.81	-22.53	-20.45	-24.59

National Storage 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-45.0 Mil.

National Storage REIT (ASX:NSR) 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.

National Storage REIT's Interest Expense for the six months ended in Dec. 2023 was A$-24.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$92.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,232.0 Mil.

National Storage REIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	92.361	/	-24.591
	=	3.76

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. National Storage REIT interest coverage is 4.02, which is low.

National Storage REIT (ASX:NSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » Interest Expense

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NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.