Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Debt-to-EBITDA : 5.10 (As of Dec. 2025) — 17% Above Median

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BSP:TSER11 Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
43 GF Score
Price R$108.00
GF Value R$93.79
! 4 Warning Signs
View Full Analysis

What is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA?

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario BSP:TSER11 43 Debt-to-EBITDA is 5.10 as of Dec. 2025, which is 17% above its 10-year median of 4.37. GuruFocus rates BSP:TSER11 with a GF Score™ of 43/100 and a GF Value™ of R$93.79. The stock has 4 warning signs investors should review.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was R$13.14 Mil. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was R$107.30 Mil. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized EBITDA for the quarter that ended in Dec. 2025 was R$23.63 Mil. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 5.10.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA or its related term are showing as below:

BSP:TSER11' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.93   Med: 4.37   Max: 5.1
Current: 5.1

During the past 5 years, the highest Debt-to-EBITDA Ratio of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario was 5.10. The lowest was 3.93. And the median was 4.37.

BSP:TSER11's Debt-to-EBITDA is not ranked
in the REITs industry.
Industry Median: 6.55 vs BSP:TSER11: 5.10

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario  (BSP:TSER11) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA Related Terms


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA 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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA Chart

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
N/A 4.00 3.93 4.73 5.10

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA N/A 4.00 3.93 4.73 5.10

BSP:TSER11 vs VICI, WPC: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA falls into.


BSP:TSER11
43GF Score
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.139 + 107.303) / 23.631
=5.10

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.139 + 107.303) / 23.631
=5.10

* 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 Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is one times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.10 mean?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) has a Debt-to-EBITDA of 5.10 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario. This is 17% above median its historical median of 4.37. Over the past decade, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA has ranged from 3.93 to 5.10.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA too high?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Debt-to-EBITDA of 5.10 is 17% above median its 10-year median of 4.37. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 5.10. The REITs industry median Debt-to-EBITDA is 6.55. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's value of 5.10 is 22.1% below this industry median. Overall, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA compare to VICI and WPC?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Debt-to-EBITDA of 5.10 can be compared against companies in the REITs industry. The industry median Debt-to-EBITDA is 6.55. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's value of 5.10 is 22.1% below this benchmark. Historically, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's own Debt-to-EBITDA has ranged from 3.93 to 5.10 over the past decade. While the company's 10-year median is 4.37 vs. the industry median of 6.55, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 574 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Debt-to-EBITDA of 5.10 is 22.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Debt-to-EBITDA is 5.10, which is 17% above median its own 10-year median of 4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock overvalued right now?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) has a current Debt-to-EBITDA of 5.10. The stock's GF Value™ is R$93.79, compared to a current price of R$108.00 — trading 15.2% above its estimated fair value. The current Debt-to-EBITDA is 5.10, which is 17% above median its 10-year median of 4.37 and 22.1% below the REITs industry median of 6.55. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's overall GF Score™ is 43/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11), the current Debt-to-EBITDA is 5.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Overvalued in 2026?

Based on GuruFocus' analysis, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$108.00 is trading 15.2% above its estimated GF Value™ of R$93.79.

Key valuation signals for BSP:TSER11:

  • Debt-to-EBITDA: 5.10 (17% above median its 10-year median of 4.37)
  • GF Value™: R$93.79 vs. price of R$108.00 (15.2% above fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 22.1% below the REITs median

No single metric tells the full story. See the BSP:TSER11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenida Reboucas, 2728, 2nd Floor, Waldyr Beira Building, Pinheiros, Sao Paulo, SP, BRA, 5402-500
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario acquires, repositions, develops, and operates office, retail, and residential projects. The company focuses on prime assets located in the central business districts of metropolitan areas in the United States, Europe, Brazil, China, and India.
43GF Score

Get the complete analysis for BSP:TSER11

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$108.00
Price
R$93.79
GF Value