LKREF (Link Real Estate Investment Trust) Debt-to-EBITDA : -6.23 (As of Mar. 2026)


LKREF Link Real Estate Investment Trust LKREF
67 GF Score
Price $4.38
GF Value $4.85
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Link Real Estate Investment Trust Debt-to-EBITDA?

Link Real Estate Investment Trust LKREF -1.57% 67 Debt-to-EBITDA is -6.23 as of Mar. 2026. GuruFocus rates LKREF with a GF Score™ of 67/100 and a GF Value™ of $4.85 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 580 REITs companies, Link Real Estate Investment Trust ranks worse than 172413.62% on this metric.

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

Link Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,503 Mil. Link Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $5,690 Mil. Link Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Mar. 2026 was $-1,155 Mil. Link Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -6.23.

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 Link Real Estate Investment Trust's Debt-to-EBITDA or its related term are showing as below:

LKREF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.9   Med: 1.25   Max: 42.29
Current: -11.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Link Real Estate Investment Trust was 42.29. The lowest was -11.90. And the median was 1.25.

LKREF's Debt-to-EBITDA is ranked worse than
100% of 580 companies
in the REITs industry
Industry Median: 6.495 vs LKREF: -11.67

Link Real Estate Investment Trust  (OTCPK:LKREF) 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.


Link Real Estate Investment Trust Debt-to-EBITDA Related Terms


Link Real Estate Investment Trust Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Link Real Estate Investment Trust'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.

Link Real Estate Investment Trust Debt-to-EBITDA Chart

Link Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.44 3.61 42.29 -7.98 -11.90

Link Real Estate Investment Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 8.78 -10.74 -6.36 -89.98 -6.23

LKREF vs SPG, O, KIM: Debt-to-EBITDA Comparison

For the REIT - Retail subindustry, Link Real Estate Investment Trust'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.


Link Real Estate Investment Trust Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Link Real Estate Investment Trust's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Link Real Estate Investment Trust's Debt-to-EBITDA falls into.


LKREF
67GF Score
Link Real Estate Investment Trust LKREF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Link Real Estate Investment Trust Debt-to-EBITDA Calculation

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

Link Real Estate Investment Trust's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1503.169 + 5690.065) / -604.717
=-11.90

Link Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1503.169 + 5690.065) / -1155.006
=-6.23

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -6.23 mean?
Link Real Estate Investment Trust (LKREF) has a Debt-to-EBITDA of -6.23 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Link Real Estate Investment Trust. According to the industry distribution chart, Link Real Estate Investment Trust ranks #999999 out of 580 companies in the REITs industry.
Is Link Real Estate Investment Trust's Debt-to-EBITDA too high?
Link Real Estate Investment Trust's current Debt-to-EBITDA is -6.23. Based on the distribution chart, Link Real Estate Investment Trust ranks #999999 out of 580 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Link Real Estate Investment Trust has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Link Real Estate Investment Trust's Debt-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, Link Real Estate Investment Trust ranks #999999 out of 580 companies for Debt-to-EBITDA. This places Link Real Estate Investment Trust in the lower half of its industry. The industry median Debt-to-EBITDA is 6.50. 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 6.50, based on 580 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. 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 Link Real Estate Investment Trust. For the REITs industry, the median Debt-to-EBITDA is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Real Estate Investment Trust's current Debt-to-EBITDA is -6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Link Real Estate Investment Trust (LKREF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.85, compared to a current price of $4.38 — trading 9.7% below its estimated fair value. The current Debt-to-EBITDA is -6.23. Link Real Estate Investment Trust's overall GF Score™ is 67/100 with 6 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 Link Real Estate Investment Trust (LKREF), the current Debt-to-EBITDA is -6.23 as of Mar. 2026. 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 Link Real Estate Investment Trust (LKREF) Overvalued in 2026?

Based on GuruFocus' analysis, Link Real Estate Investment Trust stock appears to be undervalued. The current stock price of $4.38 is trading 9.7% below its estimated GF Value™ of $4.85. GuruFocus considers Link Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for LKREF:

  • Debt-to-EBITDA: -6.23
  • GF Value™: $4.85 vs. price of $4.38 (9.7% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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


Link Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 00823:Hong KongL5R:Germany
Address 77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG
Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and around 57,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions, and has since acquired retail, office, and logistics properties in China, as well as an office development project in Hong Kong. Link also expanded its footprint to Sydney, Melbourne, London, and Singapore.
67GF Score

Get the complete analysis for LKREF

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

$4.38
Price
$4.85
GF Value