Retail Estates (XAMS:RET) Debt-to-EBITDA : 4.40 (As of Mar. 2026) — 35% Below Median

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What is Retail Estates Debt-to-EBITDA?

Retail Estates XAMS:RET 74 Debt-to-EBITDA is 4.40 as of Mar. 2026, which is 35% below its 10-year median of 6.75. GuruFocus rates XAMS:RET with a GF Score™ of 74/100. The stock has 9 warning signs investors should review. Among 573 REITs companies, Retail Estates ranks better than 60.38% on this metric.

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

Retail Estates's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €191.72 Mil. Retail Estates's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €668.53 Mil. Retail Estates's annualized EBITDA for the quarter that ended in Mar. 2026 was €195.49 Mil. Retail Estates's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.40.

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

XAMS:RET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.32   Med: 6.75   Max: 11.91
Current: 5.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Retail Estates was 11.91. The lowest was 4.32. And the median was 6.75.

XAMS:RET's Debt-to-EBITDA is ranked better than
60.38% of 573 companies
in the REITs industry
Industry Median: 6.57 vs XAMS:RET: 5.43

Retail Estates  (XAMS:RET) 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.


Retail Estates Debt-to-EBITDA Related Terms


Retail Estates Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Retail Estates'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.

Retail Estates Debt-to-EBITDA Chart

Retail Estates 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 5.61 4.32 6.23 6.02 5.43

Retail Estates 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 9.21 8.49 4.75 7.44 4.40

XAMS:RET vs SPG, O, KIM: Debt-to-EBITDA Comparison

For the REIT - Retail subindustry, Retail Estates'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.


Retail Estates Debt-to-EBITDA vs REITs Industry

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

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



Retail Estates Debt-to-EBITDA Calculation

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

Retail Estates'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
=(191.723 + 668.532) / 158.455
=5.43

Retail Estates'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
=(191.723 + 668.532) / 195.492
=4.40

* 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 4.40 mean?
Retail Estates (XAMS:RET) has a Debt-to-EBITDA of 4.40 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 Retail Estates. This is 35% below median its historical median of 6.75. Over the past decade, Retail Estates' Debt-to-EBITDA has ranged from 4.32 to 11.91. According to the industry distribution chart, Retail Estates ranks #227 out of 573 companies in the REITs industry, placing it in the top 39.6%.
Is Retail Estates' Debt-to-EBITDA too high?
Retail Estates' current Debt-to-EBITDA of 4.40 is 35% below median its 10-year median of 6.75. Over the past 10 years, this metric has ranged from a low of 4.32 to a high of 11.91. The REITs industry median Debt-to-EBITDA is 6.57. Retail Estates' value of 4.40 is 33% below this industry median. Based on the distribution chart, Retail Estates ranks #227 out of 573 companies in the REITs industry, which is above the industry midpoint. Overall, Retail Estates has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' Debt-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #227 out of 573 companies for Debt-to-EBITDA. This puts Retail Estates in the upper half of its industry. The industry median Debt-to-EBITDA is 6.57. Retail Estates' value of 4.40 is 33% below this benchmark. Historically, Retail Estates' own Debt-to-EBITDA has ranged from 4.32 to 11.91 over the past decade. While the company's 10-year median is 6.75 vs. the industry median of 6.57, Retail Estates 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 6.57, based on 573 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. Retail Estates's current Debt-to-EBITDA of 4.40 is 33% 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 Retail Estates. For the REITs industry, the median Debt-to-EBITDA is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retail Estates's current Debt-to-EBITDA is 4.40, which is 35% below median its own 10-year median of 6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Retail Estates (XAMS:RET) has a current Debt-to-EBITDA of 4.40. The current Debt-to-EBITDA is 4.40, which is 35% below median its 10-year median of 6.75 and 33% below the REITs industry median of 6.57. Retail Estates' overall GF Score™ is 74/100 with 9 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 Retail Estates (XAMS:RET), the current Debt-to-EBITDA is 4.40 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.

Retail Estates Business Description

Industry Real EstateREITs
Address Industrielaan 6, Ternat, BEL, 1740
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.