Northview Residential REIT (TSX:NRR.UN) Interest Expense : C$-85.6 Mil (TTM As of Mar. 2024)

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What is Northview Residential REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northview Residential REIT's interest expense for the three months ended in Mar. 2024 was C$ -23.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-85.6 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. Northview Residential REIT's Operating Income for the three months ended in Mar. 2024 was C$ 34.5 Mil. Northview Residential REIT's Interest Expense for the three months ended in Mar. 2024 was C$ -23.5 Mil. Northview Residential REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 1.47. 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.

Northview Residential REIT Interest Expense Historical Data

The historical data trend for Northview Residential 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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Northview Residential REIT Interest Expense Chart

Northview Residential REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Interest Expense

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-26.44

-100.16

-44.18

-55.34

-80.57

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
Interest Expense	Get a 7-Day Free Trial															-18.11	-18.27	-21.35	-22.51	-23.48

Northview Residential 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 C$-85.6 Mil.

Northview Residential REIT (TSX:NRR.UN) 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.

Northview Residential REIT's Interest Expense for the three months ended in Mar. 2024 was C$-23.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$34.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1,157.6 Mil.

Northview Residential 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	*	34.495	/	-23.475
	=	1.47

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. Northview Residential REIT interest coverage is 1.5, which is low.

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Northview Residential REIT (TSX:NRR.UN) » Definitions » Interest Expense

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Traded in Other Exchanges

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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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