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Four Corners Property Trust (Four Corners Property Trust) Effective Interest Rate on Debt % : 4.36% (As of Mar. 2024)


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What is Four Corners Property Trust 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. Four Corners Property Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $49.1 Mil. Four Corners Property Trust's average total debt for the quarter that ended in Mar. 2024 was $1,127.6 Mil. Therefore, Four Corners Property Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.36%.


Four Corners Property Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Four Corners Property Trust'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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Four Corners Property Trust Effective Interest Rate on Debt % Chart

Four Corners Property Trust 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 4.10 4.06 3.95 3.86 4.21

Four Corners Property Trust 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 3.96 3.98 4.57 4.39 4.36

Competitive Comparison of Four Corners Property Trust's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Four Corners Property Trust'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.


Four Corners Property Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Four Corners Property Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Four Corners Property Trust's Effective Interest Rate on Debt % falls into.



Four Corners Property Trust Effective Interest Rate on Debt % Calculation

Four Corners Property Trust'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  *  -44.606/( (1002.07+1118.527)/ 2 )
=-1  *  -44.606/1060.2985
=4.21 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1002.07 + 0
=1002.07

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1118.527 + 0
=1118.527

Four Corners Property Trust'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  *  -49.124/( (1118.527+1136.586)/ 2 )
=-1  *  -49.124/1127.5565
=4.36 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1118.527 + 0
=1118.527

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1136.586 + 0
=1136.586

* 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.


Four Corners Property Trust  (NYSE:FCPT) Effective Interest Rate on Debt % Explanation

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


Four Corners Property Trust Effective Interest Rate on Debt % Related Terms

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Four Corners Property Trust (Four Corners Property Trust) Business Description

Traded in Other Exchanges
Address
591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues primarily generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates most of the revenue from the real estate operations segment.
Executives
Douglas B Hansen director ONE BELEVEDERE PLACE, SUITE 300, BELVEDERE CA 94941
William H Lenehan director, officer: President and CEO 2784 UNION STREET APT 1, SAN FRANCISCO CA 94123
John S Moody director MARSH MCLENNAN REALTY ADVISORS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jesuele Barbara Angelica Faylona director 15308 DE PAUW STREET, PACIFIC PALISADES CA 90272
Niccole Stewart officer: Chief Accounting Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Elizabeth Tennican director 119 30TH AVE, SAN FRANCISCO CA 94121
Toni S Steele director 6147 SAN VICENTE BOULEVARD, LOS ANGELES CA 90048
Gerald R Morgan officer: Chief Financial Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
James L Brat officer: General Counsel 591 REDWOOD HIGHAWY, SUITE 1150, MILL VALLEY CA 94941
Eric Hirschhorn director 12701 WHITEWATER DRIVE, SUITE 200, MINNETONKA MN 55343
Charles Jemley director C/O FOUR CORNERS PROPERTY TRUST, INC., 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Paul E. Szurek director C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Darden Restaurants Inc 10 percent owner 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837