PICJF (NTT UD Reit Investment) Debt-to-EBITDA : 8.77 (As of Apr. 2026) — Near Median

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PICJF NTT UD Reit Investment Corp PICJF
62 GF Score
Price $892.43
GF Value $918.51
! 10 Warning Signs
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What is NTT UD Reit Investment Debt-to-EBITDA?

NTT UD Reit Investment PICJF 62 Debt-to-EBITDA is 8.77 as of Apr. 2026, which is 5% below its 10-year median of 9.28. GuruFocus rates PICJF with a GF Score™ of 62/100 and a GF Value™ of $918.51. The stock has 10 warning signs investors should review. Among 578 REITs companies, NTT UD Reit Investment ranks worse than 73.7% on this metric.

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

NTT UD Reit Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $50.3 Mil. NTT UD Reit Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $772.6 Mil. NTT UD Reit Investment's annualized EBITDA for the quarter that ended in Apr. 2026 was $93.8 Mil. NTT UD Reit Investment's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 8.77.

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 NTT UD Reit Investment's Debt-to-EBITDA or its related term are showing as below:

PICJF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 7.63   Med: 9.28   Max: 10.74
Current: 9.55

During the past 13 years, the highest Debt-to-EBITDA Ratio of NTT UD Reit Investment was 10.74. The lowest was 7.63. And the median was 9.28.

PICJF's Debt-to-EBITDA is ranked worse than
73.7% of 578 companies
in the REITs industry
Industry Median: 6.49 vs PICJF: 9.55

NTT UD Reit Investment  (OTCPK:PICJF) 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.


NTT UD Reit Investment Debt-to-EBITDA Related Terms


NTT UD Reit Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for NTT UD Reit Investment'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.

NTT UD Reit Investment Debt-to-EBITDA Chart

NTT UD Reit Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.97 7.63 8.12 10.74 9.96

NTT UD Reit Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 10.78 10.49 9.96 10.53 8.77

PICJF vs VICI, WPC: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, NTT UD Reit Investment'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.


NTT UD Reit Investment Debt-to-EBITDA vs REITs Industry

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

* The bar in red indicates where NTT UD Reit Investment's Debt-to-EBITDA falls into.


PICJF
62GF Score
NTT UD Reit Investment Corp PICJF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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NTT UD Reit Investment Debt-to-EBITDA Calculation

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

NTT UD Reit Investment's Debt-to-EBITDA for the fiscal year that ended in Oct. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(52.856 + 816.372) / 87.303
=9.96

NTT UD Reit Investment's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(50.277 + 772.554) / 93.818
=8.77

* 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 (Apr. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 8.77 mean?
NTT UD Reit Investment (PICJF) has a Debt-to-EBITDA of 8.77 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NTT UD Reit Investment. This is near median its historical median of 9.28. Over the past decade, NTT UD Reit Investment's Debt-to-EBITDA has ranged from 7.63 to 10.74. According to the industry distribution chart, NTT UD Reit Investment ranks #426 out of 578 companies in the REITs industry, placing it in the top 73.7%.
Is NTT UD Reit Investment's Debt-to-EBITDA too high?
NTT UD Reit Investment's current Debt-to-EBITDA of 8.77 is near median its 10-year median of 9.28. Over the past 10 years, this metric has ranged from a low of 7.63 to a high of 10.74. The REITs industry median Debt-to-EBITDA is 6.49. NTT UD Reit Investment's value of 8.77 is 35.1% above this industry median. Based on the distribution chart, NTT UD Reit Investment ranks #426 out of 578 companies in the REITs industry, which is below the industry midpoint. Overall, NTT UD Reit Investment has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does NTT UD Reit Investment's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, NTT UD Reit Investment ranks #426 out of 578 companies for Debt-to-EBITDA. This places NTT UD Reit Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. NTT UD Reit Investment's value of 8.77 is 35.1% above this benchmark. Historically, NTT UD Reit Investment's own Debt-to-EBITDA has ranged from 7.63 to 10.74 over the past decade. While the company's 10-year median is 9.28 vs. the industry median of 6.49, NTT UD Reit Investment 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 6.49, based on 578 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. NTT UD Reit Investment's current Debt-to-EBITDA of 8.77 is 35.1% 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 NTT UD Reit Investment. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTT UD Reit Investment's current Debt-to-EBITDA is 8.77, which is near median its own 10-year median of 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT UD Reit Investment stock overvalued right now?
NTT UD Reit Investment (PICJF) has a current Debt-to-EBITDA of 8.77. The stock's GF Value™ is $918.51, compared to a current price of $892.43 — trading 2.8% below its estimated fair value. The current Debt-to-EBITDA is 8.77, which is near median its 10-year median of 9.28 and 35.1% above the REITs industry median of 6.49. NTT UD Reit Investment's overall GF Score™ is 62/100 with 10 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 NTT UD Reit Investment (PICJF), the current Debt-to-EBITDA is 8.77 as of Apr. 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 NTT UD Reit Investment (PICJF) Overvalued in 2026?

Based on GuruFocus' analysis, NTT UD Reit Investment stock appears to be undervalued. The current stock price of $892.43 is trading 2.8% below its estimated GF Value™ of $918.51.

Key valuation signals for PICJF:

  • Debt-to-EBITDA: 8.77 (near median its 10-year median of 9.28)
  • GF Value™: $918.51 vs. price of $892.43 (2.8% below fair value)
  • GF Score™: 62/100 with 10 warning signs
  • Industry Position: 35.1% above the REITs median (#426 of 578)

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


NTT UD Reit Investment Business Description

Industry Real EstateREITs
Other Exchanges 8956:Japan
Address 1-5-1 Otemachi, Chiyoda-ku, Tokyo, JPN
NTT UD Reit Investment Corp is a Japan-based real estate investment trust company. It is a J-REIT managing compound portfolio of office buildings and residential properties, with NTT Urban Development serving as the sponsor.
62GF Score

Get the complete analysis for PICJF

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

$892.43
Price
$918.51
GF Value