Belpointe PREP LLC (Belpointe PREP LLC) Effective Interest Rate on Debt % : 5.09% (As of Mar. 2024)

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What is Belpointe PREP LLC 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. Belpointe PREP LLC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.88 Mil. Belpointe PREP LLC's average total debt for the quarter that ended in Mar. 2024 was $56.61 Mil. Therefore, Belpointe PREP LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.09%.

Belpointe PREP LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for Belpointe PREP LLC'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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Belpointe PREP LLC Effective Interest Rate on Debt % Chart

Belpointe PREP LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Belpointe PREP LLC Quarterly Data
	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										-	-	-	-	5.09

Competitive Comparison of Belpointe PREP LLC's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Belpointe PREP LLC'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.

Belpointe PREP LLC's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Belpointe PREP LLC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Belpointe PREP LLC's Effective Interest Rate on Debt % falls into.

Belpointe PREP LLC Effective Interest Rate on Debt % Calculation

Belpointe PREP LLC'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 * 0	/	( (7.126	+	25.002)	/ 2 )
=	-1 * 0	/	16.064
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.126	+	0
=	7.126

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.002	+	4
=	25.002

Belpointe PREP LLC'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 * -2.884	/	( (25.002	+	88.218)	/ 2 )
=	-1 * -2.884	/	56.61
=	5.09 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.002	+	4
=	25.002

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.218	+	0
=	88.218

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.

Belpointe PREP LLC (AMEX:OZ) Effective Interest Rate on Debt % Explanation

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

Belpointe PREP LLC Effective Interest Rate on Debt % Related Terms

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Belpointe PREP LLC (Belpointe PREP LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Belpointe PREP LLC (AMEX:OZ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Glenville Road, Greenwich, CT, USA, 06831

Website

https://www.belpointe.com

Belpointe PREP LLC is a qualified opportunity fund. The company's investments consist of properties located in qualified opportunity zones for the development or redevelopment of multifamily, student housing, senior living, healthcare, industrial, self-storage, hospitality, office, mixed-use, data centers, and solar projects located throughout the United States and its territories.

Executives

Dean W Drulias	director
Martin Lacoff	director, officer: Principal Financial Officer	515 W GREENS ROAD STE 720, HOUSTON TX 77067
Brandon E. Lacoff	director, officer: Chief Executive Officer	C/O BELPOINTE, LLC, 255 GLENVILLE ROAD, GREENWICH CT 06831
Ronald Jr. Young	director	C/O BELPOINTE, LLC, 255 GLENVILLE ROAD, GREENWICH CT 06831
Shawn Orser	director	C/O BELPOINTE, LLC, 255 GLENVILLE ROAD, GREENWICH CT 06831
Timothy Oberweger	director	C/O BELPOINTE, LLC, 255 GLENVILLE ROAD, GREENWHICH CT 06831

Belpointe PREP LLC (Belpointe PREP LLC) Headlines

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