Independence Realty Trust (FRA:5O2) Variable Rate Debt (USD Mil) : 0.00 (As of . 20)

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What is Independence Realty Trust Variable Rate Debt (USD Mil)?

In the railway industry, Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The historical rank and industry rank for Independence Realty Trust's Variable Rate Debt (USD Mil) or its related term are showing as below:

Independence Realty Trust Variable Rate Debt (USD Mil) Historical Data

The historical data trend for Independence Realty Trust's Variable Rate Debt (USD Mil) 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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Independence Realty Trust Variable Rate Debt (USD Mil) Chart

Independence Realty Trust (FRA:5O2) Variable Rate Debt (USD Mil) Explanation

Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The variable interest rate fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically with the market. So, variable interest debt is not as good as fixed-rate debt because the company cannot benefit from inflation. But in some conditions, a company might experience lower borrowing costs or reduce the impact of volatile investment earnings by issuing variable rate securities.

Independence Realty Trust Variable Rate Debt (USD Mil) Related Terms

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Independence Realty Trust (FRA:5O2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (FRA:5O2) » Definitions » Variable Rate Debt (USD Mil)

Comparable Companies

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Traded in Other Exchanges

IRT:USA

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

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