Warehouses Estates Belgium (LTS:0GID) Debt-to-EBITDA : 6.64 (As of Dec. 2025) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0GID Warehouses Estates Belgium SA LTS:0GID
70 GF Score
Price €38.70
GF Value €38.30
! 7 Warning Signs
View Full Analysis

What is Warehouses Estates Belgium Debt-to-EBITDA?

Warehouses Estates Belgium LTS:0GID 70 Debt-to-EBITDA is 6.64 as of Dec. 2025, which is 24% below its 10-year median of 8.72. GuruFocus rates LTS:0GID with a GF Score™ of 70/100 and a GF Value™ of €38.30. The stock has 7 warning signs investors should review. Among 577 REITs companies, Warehouses Estates Belgium ranks worse than 58.58% on this metric.

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

Warehouses Estates Belgium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €10.45 Mil. Warehouses Estates Belgium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €145.68 Mil. Warehouses Estates Belgium's annualized EBITDA for the quarter that ended in Dec. 2025 was €23.52 Mil. Warehouses Estates Belgium's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 6.64.

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 Warehouses Estates Belgium's Debt-to-EBITDA or its related term are showing as below:

LTS:0GID' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.62   Med: 8.72   Max: 12.95
Current: 7.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Warehouses Estates Belgium was 12.95. The lowest was 3.62. And the median was 8.72.

LTS:0GID's Debt-to-EBITDA is ranked worse than
58.58% of 577 companies
in the REITs industry
Industry Median: 6.56 vs LTS:0GID: 7.54

Warehouses Estates Belgium  (LTS:0GID) 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.


Warehouses Estates Belgium Debt-to-EBITDA Related Terms


Warehouses Estates Belgium Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Warehouses Estates Belgium'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.

Warehouses Estates Belgium Debt-to-EBITDA Chart

Warehouses Estates Belgium Annual Data
Trend Sep15 Sep16 Sep17 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.89 9.51 10.37 8.55 7.54

Warehouses Estates Belgium Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 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 16.14 8.53 8.72 9.12 6.64

LTS:0GID vs VICI, WPC, BNL: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Warehouses Estates Belgium'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.


Warehouses Estates Belgium Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Warehouses Estates Belgium's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Warehouses Estates Belgium's Debt-to-EBITDA falls into.


LTS:0GID
70GF Score
Warehouses Estates Belgium SA LTS:0GID
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warehouses Estates Belgium Debt-to-EBITDA Calculation

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

Warehouses Estates Belgium'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
=(10.447 + 145.677) / 20.721
=7.53

Warehouses Estates Belgium'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
=(10.447 + 145.677) / 23.516
=6.64

* 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 6.64 mean?
Warehouses Estates Belgium (LTS:0GID) has a Debt-to-EBITDA of 6.64 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 Warehouses Estates Belgium. This is 24% below median its historical median of 8.72. Over the past decade, Warehouses Estates Belgium's Debt-to-EBITDA has ranged from 3.62 to 12.95. According to the industry distribution chart, Warehouses Estates Belgium ranks #338 out of 577 companies in the REITs industry, placing it in the top 58.6%.
Is Warehouses Estates Belgium's Debt-to-EBITDA too high?
Warehouses Estates Belgium's current Debt-to-EBITDA of 6.64 is 24% below median its 10-year median of 8.72. Over the past 10 years, this metric has ranged from a low of 3.62 to a high of 12.95. The REITs industry median Debt-to-EBITDA is 6.56. Warehouses Estates Belgium's value of 6.64 is 1.2% above this industry median. Based on the distribution chart, Warehouses Estates Belgium ranks #338 out of 577 companies in the REITs industry, which is below the industry midpoint. Overall, Warehouses Estates Belgium has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Warehouses Estates Belgium's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Warehouses Estates Belgium ranks #338 out of 577 companies for Debt-to-EBITDA. This places Warehouses Estates Belgium in the lower half of its industry. The industry median Debt-to-EBITDA is 6.56. Warehouses Estates Belgium's value of 6.64 is 1.2% above this benchmark. Historically, Warehouses Estates Belgium's own Debt-to-EBITDA has ranged from 3.62 to 12.95 over the past decade. While the company's 10-year median is 8.72 vs. the industry median of 6.56, Warehouses Estates Belgium has consistently been above 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 6.56, based on 577 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. Warehouses Estates Belgium's current Debt-to-EBITDA of 6.64 is 1.2% above 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 Warehouses Estates Belgium. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warehouses Estates Belgium's current Debt-to-EBITDA is 6.64, which is 24% below median its own 10-year median of 8.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warehouses Estates Belgium stock overvalued right now?
Warehouses Estates Belgium (LTS:0GID) has a current Debt-to-EBITDA of 6.64. The stock's GF Value™ is €38.30, compared to a current price of €38.70 — trading 1% above its estimated fair value. The current Debt-to-EBITDA is 6.64, which is 24% below median its 10-year median of 8.72 and 1.2% above the REITs industry median of 6.56. Warehouses Estates Belgium's overall GF Score™ is 70/100 with 7 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 Warehouses Estates Belgium (LTS:0GID), the current Debt-to-EBITDA is 6.64 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 Warehouses Estates Belgium (LTS:0GID) Overvalued in 2026?

Based on GuruFocus' analysis, Warehouses Estates Belgium stock appears to be overvalued. The current stock price of €38.70 is trading 1% above its estimated GF Value™ of €38.30.

Key valuation signals for LTS:0GID:

  • Debt-to-EBITDA: 6.64 (24% below median its 10-year median of 8.72)
  • GF Value™: €38.30 vs. price of €38.70 (1% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 1.2% above the REITs median (#338 of 577)

No single metric tells the full story. See the LTS:0GID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warehouses Estates Belgium Business Description

Industry Real EstateREITs
Other Exchanges WEB:Belgium
Address 29 Avenue Jean Mermoz, Gosselies, BEL, 6041
Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.
70GF Score

Get the complete analysis for LTS:0GID

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

€38.70
Price
€38.30
GF Value