What is Extra Space Storage Variable Rate Debt (USD Mil)?
In the railway industry, Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.
Extra Space Storage's Variable Rate Debt (USD Mil) for the quarter that ended in Mar. 2024 was 1,384.04
, which is lower than
3,023.15 for the pervious quarter ended in Dec. 2023.
Extra Space Storage's Variable Rate Debt (USD Mil) for the annual that ended in Dec. 2023 was 3,023.15
, which is higher than
2,602.23 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Extra Space Storage's Variable Rate Debt (USD Mil) or its related term are showing as below:
Extra Space Storage Variable Rate Debt (USD Mil) Historical Data
The historical data trend for Extra Space Storage's Variable Rate Debt (USD Mil) 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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Extra Space Storage Variable Rate Debt (USD Mil) Chart
Competitive Comparison of Extra Space Storage's Variable Rate Debt (USD Mil)
For the REIT - Industrial subindustry, Extra Space Storage's Variable Rate Debt (USD Mil), along with its competitors' market caps and Variable Rate Debt (USD Mil) 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.
Extra Space Storage (NYSE:EXR) Variable Rate Debt (USD Mil) Explanation
Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.
The variable interest rate fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically with the market. So, variable interest debt is not as good as fixed-rate debt because the company cannot benefit from inflation. But in some conditions, a company might experience lower borrowing costs or reduce the impact of volatile investment earnings by issuing variable rate securities.
Extra Space Storage Variable Rate Debt (USD Mil) Related Terms
Thank you for viewing the detailed overview of Extra Space Storage's Variable Rate Debt (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Extra Space Storage (Extra Space Storage) Business Description
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
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