ESR LOGOS REIT (SGX:J91U) Interest Expense : S$-108.1 Mil (TTM As of Jun. 2023)

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What is ESR LOGOS REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ESR LOGOS REIT's interest expense for the six months ended in Jun. 2023 was S$ -58.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was S$-108.1 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. ESR LOGOS REIT's Operating Income for the six months ended in Jun. 2023 was S$ 125.9 Mil. ESR LOGOS REIT's Interest Expense for the six months ended in Jun. 2023 was S$ -58.7 Mil. ESR LOGOS REIT's Interest Coverage for the quarter that ended in Jun. 2023 was 2.14. 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.

ESR LOGOS REIT Interest Expense Historical Data

The historical data trend for ESR LOGOS 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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ESR LOGOS REIT Interest Expense Chart

ESR LOGOS REIT Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-25.94

-58.08

-53.11

-51.37

-80.49

ESR LOGOS REIT Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-25.25	-26.12	-31.08	-49.41	-58.70

ESR LOGOS 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-108.1 Mil.

ESR LOGOS REIT (SGX:J91U) 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.

ESR LOGOS REIT's Interest Expense for the six months ended in Jun. 2023 was S$-58.7 Mil. Its Operating Income for the six months ended in Jun. 2023 was S$125.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was S$1,889.4 Mil.

ESR LOGOS REIT's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	125.856	/	-58.7
	=	2.14

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. ESR LOGOS REIT interest coverage is 2.34, which is low.

ESR LOGOS REIT (SGX:J91U) Business Description

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CGIUF:USA

Address

5 Temasek Boulevard, No. 12-09 Suntec Tower Five, Singapore, SGP, 038985

Website

https://www.esr-logosreit.com.sg

ESR-Logos REIT is a Singapore-focused REIT that invests primarily in industrial properties and business parks. Its portfolio consists of 82 properties (including joint ventures), with assets under management of SGD 5 billion, spreading across Singapore, Australia and Japan. Property types include business parks, general industrial, logistics and warehouse, and high-specification industrial properties. The trust also invested in three property funds, namely ESR Australia Logistics Partnership, New LAIVS Trust, and Oxford Property Fund. The trust is externally managed by ESR Funds Management (S) Limited, which in turn is majority-owned by parent, ESR Group. Overall, ESR Group has around 10% stake in the trust through direct and indirect interests.

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