Dream Residential REIT (Dream Residential REIT) Interest Expense : $-4.93 Mil (TTM As of Mar. 2024)

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What is Dream Residential REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dream Residential REIT's interest expense for the three months ended in Mar. 2024 was $ -2.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.93 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Dream Residential REIT's Operating Income for the three months ended in Mar. 2024 was $ 5.75 Mil. Dream Residential REIT's Interest Expense for the three months ended in Mar. 2024 was $ -2.33 Mil. Dream Residential REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 2.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Dream Residential REIT Interest Expense Historical Data

The historical data trend for Dream Residential REIT's Interest Expense 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 Interest Expense Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Interest Expense

-9.77

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-2.54	-2.60	-	-2.33

Dream Residential REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.93 Mil.

Dream Residential REIT (OTCPK:DRREF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Dream Residential REIT's Interest Expense for the three months ended in Mar. 2024 was $-2.33 Mil. Its Operating Income for the three months ended in Mar. 2024 was $5.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $137.92 Mil.

Dream Residential REIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	5.752	/	-2.333
	=	2.47

The higher the ratio, the stronger the company's financial strength is.

Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Interest Expense

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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.