Dream Residential REIT (Dream Residential REIT) Effective Interest Rate on Debt % : 6.77% (As of Mar. 2024)

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What is Dream Residential 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. Dream Residential REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $9.33 Mil. Dream Residential REIT's average total debt for the quarter that ended in Mar. 2024 was $137.78 Mil. Therefore, Dream Residential REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.77%.

Dream Residential REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Dream Residential 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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Dream Residential REIT Effective Interest Rate on Debt % Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

7.12

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	7.35	7.40	-	6.77

Competitive Comparison of Dream Residential REIT's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Dream Residential 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.

Dream Residential REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Dream Residential REIT Effective Interest Rate on Debt % Calculation

Dream Residential 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 * -9.768	/	( (136.621	+	137.632)	/ 2 )
=	-1 * -9.768	/	137.1265
=	7.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	136.621	+	0
=	136.621

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	137.632	+	0
=	137.632

Dream Residential 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 * -9.332	/	( (137.632	+	137.918)	/ 2 )
=	-1 * -9.332	/	137.775
=	6.77 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	137.632	+	0
=	137.632

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	137.918	+	0
=	137.918

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.

Dream Residential REIT (OTCPK:DRREF) Effective Interest Rate on Debt % Explanation

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

Dream Residential REIT Effective Interest Rate on Debt % Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.