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Apple Hospitality REIT (Apple Hospitality REIT) Effective Interest Rate on Debt % : 4.47% (As of Mar. 2024)


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What is Apple Hospitality REIT Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Apple Hospitality REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $69 Mil. Apple Hospitality REIT's average total debt for the quarter that ended in Mar. 2024 was $1,548 Mil. Therefore, Apple Hospitality REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.47%.


Apple Hospitality REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Apple Hospitality REIT's Effective Interest Rate on Debt % 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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Apple Hospitality REIT Effective Interest Rate on Debt % Chart

Apple Hospitality REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.15 4.37 4.17 3.94 4.65

Apple Hospitality REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.26 4.60 4.66 4.82 4.47

Competitive Comparison of Apple Hospitality REIT's Effective Interest Rate on Debt %

For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Apple Hospitality REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Apple Hospitality REIT's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Apple Hospitality REIT's Effective Interest Rate on Debt % falls into.



Apple Hospitality REIT Effective Interest Rate on Debt % Calculation

Apple Hospitality REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -68.857/( (1478.255+1483.386)/ 2 )
=-1  *  -68.857/1480.8205
=4.65 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1478.255 + 0
=1478.255

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1483.386 + 0
=1483.386

Apple Hospitality REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -69.236/( (1483.386+1612.535)/ 2 )
=-1  *  -69.236/1547.9605
=4.47 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1483.386 + 0
=1483.386

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1481.535 + 131
=1612.535

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Apple Hospitality REIT  (NYSE:APLE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Apple Hospitality REIT Effective Interest Rate on Debt % Related Terms

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Apple Hospitality REIT (Apple Hospitality REIT) Business Description

Industry
Traded in Other Exchanges
Address
814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
Executives
Elizabeth Perkins officer: SVP & Chief Financial Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Justin G Knight director, officer: CEO 10 S THIRD ST, RICHMOND VA 23219
Nelson Knight officer: President Real Estate & Invest 814 E MAIN STREET, RICHMOND VA 23219
Redd Hugh director C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Howard E. Woolley director C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Carolyn B Handlon director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Jon A Fosheim director DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Blythe J Mcgarvie director HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074
Bunting Glenn W Jr director 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
Kristian M Gathright director 10 S THIRD ST, RICHMOND VA 23219
Glade M Knight director, officer: Executive Chairman 306 E MAINS T, RICHMOND VA 23219
Matthew Rash officer: SVP & Chief Legal Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Rachel Labrecque officer: SVP & Chief Accounting Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Jeanette Clarke officer: SVP Chief Cap. Invest. Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Karen Catherine Gallagher officer: SVP & Chief Operating Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219