Plaza Retail REIT (TSX:PLZ.UN) Interest Expense : C$-27.4 Mil (TTM As of Mar. 2024)

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What is Plaza Retail REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plaza Retail REIT's interest expense for the three months ended in Mar. 2024 was C$ -7.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-27.4 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. Plaza Retail REIT's Operating Income for the three months ended in Mar. 2024 was C$ 15.6 Mil. Plaza Retail REIT's Interest Expense for the three months ended in Mar. 2024 was C$ -7.2 Mil. Plaza Retail REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 2.17. 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.

Plaza Retail REIT Interest Expense Historical Data

The historical data trend for Plaza Retail 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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Plaza Retail REIT Interest Expense Chart

Plaza Retail REIT Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.43

-27.94

-26.76

-27.30

-27.48

Plaza Retail 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															-7.26	-6.71	-6.78	-6.74	-7.18

Plaza Retail 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$-27.4 Mil.

Plaza Retail REIT (TSX:PLZ.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.

Plaza Retail REIT's Interest Expense for the three months ended in Mar. 2024 was C$-7.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$15.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$490.1 Mil.

Plaza Retail 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	*	15.592	/	-7.181
	=	2.17

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. Plaza Retail REIT interest coverage is 2.29, which is low.

Plaza Retail REIT (TSX:PLZ.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Plaza Retail REIT (TSX:PLZ.UN) » Definitions » Interest Expense

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PAZRF:USA

Address

98 Main Street, Fredericton, NB, CAN, E3A 9N6

Website

https://www.plaza.ca

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.

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