Emirates REIT (CEIC) (DIFX:REIT) Debt-to-EBITDA : 4.48 (As of Dec. 2025) — 10% Below Median

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DIFX:REIT Emirates REIT (CEIC) PLC DIFX:REIT
49 GF Score
Price $0.62
GF Value $0.26
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Emirates REIT (CEIC) Debt-to-EBITDA?

Emirates REIT (CEIC) DIFX:REIT 49 Debt-to-EBITDA is 4.48 as of Dec. 2025, which is 10% below its 10-year median of 4.96. GuruFocus rates DIFX:REIT with a GF Score™ of 49/100 and a GF Value™ of $0.26 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 572 REITs companies, Emirates REIT (CEIC) ranks better than 92.31% on this metric.

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

Emirates REIT (CEIC)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $3.23 Mil. Emirates REIT (CEIC)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $293.54 Mil. Emirates REIT (CEIC)'s annualized EBITDA for the quarter that ended in Dec. 2025 was $66.30 Mil. Emirates REIT (CEIC)'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 4.48.

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 Emirates REIT (CEIC)'s Debt-to-EBITDA or its related term are showing as below:

DIFX:REIT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -24.57   Med: 4.96   Max: 20.77
Current: 1.36

During the past 13 years, the highest Debt-to-EBITDA Ratio of Emirates REIT (CEIC) was 20.77. The lowest was -24.57. And the median was 4.96.

DIFX:REIT's Debt-to-EBITDA is ranked better than
92.31% of 572 companies
in the REITs industry
Industry Median: 6.55 vs DIFX:REIT: 1.36

Emirates REIT (CEIC)  (DIFX:REIT) 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.


Emirates REIT (CEIC) Debt-to-EBITDA Related Terms


Emirates REIT (CEIC) Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Emirates REIT (CEIC)'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.

Emirates REIT (CEIC) Debt-to-EBITDA Chart

Emirates REIT (CEIC) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.13 6.11 3.82 1.42 1.36

Emirates REIT (CEIC) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.01 3.84 1.02 0.80 4.48

DIFX:REIT vs VICI, WPC, BNL: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Emirates REIT (CEIC)'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.


Emirates REIT (CEIC) Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Emirates REIT (CEIC)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Emirates REIT (CEIC)'s Debt-to-EBITDA falls into.


DIFX:REIT
49GF Score
Emirates REIT (CEIC) PLC DIFX:REIT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emirates REIT (CEIC) Debt-to-EBITDA Calculation

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

Emirates REIT (CEIC)'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
=(3.233 + 293.54) / 219.083
=1.35

Emirates REIT (CEIC)'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
=(3.233 + 293.54) / 66.298
=4.48

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.48 mean?
Emirates REIT (CEIC) (DIFX:REIT) has a Debt-to-EBITDA of 4.48 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 Emirates REIT (CEIC). This is 10% below median its historical median of 4.96. According to the industry distribution chart, Emirates REIT (CEIC) ranks #44 out of 572 companies in the REITs industry, placing it in the top 7.7%.
Is Emirates REIT (CEIC)'s Debt-to-EBITDA too high?
Emirates REIT (CEIC)'s current Debt-to-EBITDA of 4.48 is 10% below median its 10-year median of 4.96. The REITs industry median Debt-to-EBITDA is 6.55. Emirates REIT (CEIC)'s value of 4.48 is 31.6% below this industry median. Based on the distribution chart, Emirates REIT (CEIC) ranks #44 out of 572 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Emirates REIT (CEIC) has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates REIT (CEIC)'s Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Emirates REIT (CEIC) ranks #44 out of 572 companies for Debt-to-EBITDA. This places Emirates REIT (CEIC) in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.55. Emirates REIT (CEIC)'s value of 4.48 is 31.6% below this benchmark. While the company's 10-year median is 4.96 vs. the industry median of 6.55, Emirates REIT (CEIC) 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 572 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. Emirates REIT (CEIC)'s current Debt-to-EBITDA of 4.48 is 31.6% 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 Emirates REIT (CEIC). 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. Emirates REIT (CEIC)'s current Debt-to-EBITDA is 4.48, which is 10% below median its own 10-year median of 4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates REIT (CEIC) stock overvalued right now?
Based on GuruFocus' analysis, Emirates REIT (CEIC) (DIFX:REIT) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.62 — trading 138.1% above its estimated fair value. The current Debt-to-EBITDA is 4.48, which is 10% below median its 10-year median of 4.96 and 31.6% below the REITs industry median of 6.55. Emirates REIT (CEIC)'s overall GF Score™ is 49/100 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 Emirates REIT (CEIC) (DIFX:REIT), the current Debt-to-EBITDA is 4.48 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 Emirates REIT (CEIC) (DIFX:REIT) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates REIT (CEIC) stock appears to be overvalued. The current stock price of $0.62 is trading 138.1% above its estimated GF Value™ of $0.26. GuruFocus considers Emirates REIT (CEIC) to be Significantly Overvalued.

Key valuation signals for DIFX:REIT:

  • Debt-to-EBITDA: 4.48 (10% below median its 10-year median of 4.96)
  • GF Value™: $0.26 vs. price of $0.62 (138.1% above fair value)
  • GF Score™: 49/100 with 4 warning signs
  • Industry Position: 31.6% below the REITs median (#44 of 572)

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


Emirates REIT (CEIC) Business Description

Industry Real EstateREITs
Address Dubai International Financial Centre, Po Box 482015, Index Tower - East Entrance, Level 23, Dubai, ARE
Emirates REIT (CEIC) PLC is a closed-ended investment company with a mandate to invest in a diversified portfolio of Shari'a-compliant real estate properties. The Investment objective of the company is to provide shareholders with a Shari'a-compliant income by maintaining a stable dividend distribution and increasing shareholder value through accretive acquisitions, active asset management, and capital appreciation. The property portfolio of the company Index Tower, Loft Offices, Building 24, Indigo 7, European Business Centre, Index Mall, Lycee Francais Jean Mermoz, GEMS World Academy, and Durham School Dubai.
49GF Score

Get the complete analysis for DIFX:REIT

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

$0.62
Price
$0.26
GF Value