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CBRE Clarion Global Real Estateome Fund (CBRE Clarion Global Real Estateome Fund) Effective Interest Rate on Debt % : 6.38% (As of Dec. 2023)


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What is CBRE Clarion Global Real Estateome Fund 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. CBRE Clarion Global Real Estateome Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $20.5 Mil. CBRE Clarion Global Real Estateome Fund's average total debt for the quarter that ended in Dec. 2023 was $321.6 Mil. Therefore, CBRE Clarion Global Real Estateome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.38%.


CBRE Clarion Global Real Estateome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for CBRE Clarion Global Real Estateome Fund'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.

* Premium members only.

CBRE Clarion Global Real Estateome Fund Effective Interest Rate on Debt % Chart

CBRE Clarion Global Real Estateome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.20 1.16 0.77 2.51 6.07

CBRE Clarion Global Real Estateome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.79 1.27 3.53 5.16 6.38

Competitive Comparison of CBRE Clarion Global Real Estateome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, CBRE Clarion Global Real Estateome Fund'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.


CBRE Clarion Global Real Estateome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CBRE Clarion Global Real Estateome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CBRE Clarion Global Real Estateome Fund's Effective Interest Rate on Debt % falls into.



CBRE Clarion Global Real Estateome Fund Effective Interest Rate on Debt % Calculation

CBRE Clarion Global Real Estateome Fund'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  *  -19.266/( (345.209+289.442)/ 2 )
=-1  *  -19.266/317.3255
=6.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=345.209 + 0
=345.209

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=289.442 + 0
=289.442

CBRE Clarion Global Real Estateome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -20.512/( (353.677+289.442)/ 2 )
=-1  *  -20.512/321.5595
=6.38 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=353.677 + 0
=353.677

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=289.442 + 0
=289.442

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CBRE Clarion Global Real Estateome Fund  (NYSE:IGR) Effective Interest Rate on Debt % Explanation

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


CBRE Clarion Global Real Estateome Fund Effective Interest Rate on Debt % Related Terms

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CBRE Clarion Global Real Estateome Fund (CBRE Clarion Global Real Estateome Fund) Business Description

Traded in Other Exchanges
N/A
Address
201 King of Prussia Road, Suite 600, Radnor, PA, USA, 19087
CBRE Clarion Global Real Estate Income Fund is the United States based diversified, closed-end management investment company. Its objective is high current income and its secondary objective is capital appreciation. The fund invests a majority of its total assets in income-producing real estate securities located mainly in the developed markets of North America, Europe, Australia, and Asia. Its portfolio of investments consists of different sectors such as diversified, retail, industrial, residential, hotels, healthcare, and other sectors.
Executives
Jonathan D Miniman other: Portfolio Manager 201 KING OF PRUSSIA RD, SUITE 600, RADNOR PA 19087
Joseph P Smith other: Sr. Dir of Investment Advisor 201 KING OF PRUSSIA RD SUITE 600, RADNOR PA 19087
Asuka Nakahara director 527 GREYSTONE ROAD, MERION PA 19066
T Ritson Ferguson director, officer: President & CEO, other: Pres./CEO; Managing Dir IA 201 KING OF PRUSSIA ROAD, RADNOR PA 19087
Leslie E Greis director C/O CBRE CLARION GLOBAL REAL ESTATE INCO, 201 KING OF PRUSSIA ROAD, SUITE 600, RADNOR PA 19087
Kenneth S Weinberg other: Portfolio Manager 201 KING OF PRUSSIA RD, SUITE 600, RADNOR PA 19087
John R Bartholdson director
Heidi Stam director 110 QUAIL STREET, WAYNE PA 19087
Tull Robert Stanley Iii officer: Secretary & CCO 201 KING OF PRUSSIA ROAD, SUITE 600, RADNOR PA 19087
Richard L Sutton director 10 BARLEYMILL DRIVE, WILMINGTON DE 10019
Frederick S Hammer director 400 MADISON AVENUE, NEW YORK NY 10017
Jarrett B Kling director 1272 GULPH CREEK DRIVE, RADNOR PA 19087
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
Steven D Burton other: Sr. Dir of Investment Advisor 423 ROUND HILL RD, ST DAVIDS PA 19087
Kenneth Campbell other: Portfolio Mgr; Managing Dir IA 1419 LANES END, VILLINOVA PA 19085