Fund Estates REIT (XBUL:FUES) Debt-to-EBITDA : 18.64 (As of Jun. 2026) — 57% Below Median

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What is Fund Estates REIT Debt-to-EBITDA?

Fund Estates REIT XBUL:FUES Debt-to-EBITDA is 18.64 as of Jun. 2026, which is 57% below its 10-year median of 43.58. The stock has 4 warning signs investors should review. Among 574 REITs companies, Fund Estates REIT ranks worse than 93.03% on this metric.

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

Fund Estates REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1.50 Mil. Fund Estates REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €7.90 Mil. Fund Estates REIT's annualized EBITDA for the quarter that ended in Jun. 2026 was €0.50 Mil. Fund Estates REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 18.64.

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

XBUL:FUES' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 10.58   Med: 43.58   Max: 163.31
Current: 19.87

During the past 13 years, the highest Debt-to-EBITDA Ratio of Fund Estates REIT was 163.31. The lowest was 10.58. And the median was 43.58.

XBUL:FUES's Debt-to-EBITDA is ranked worse than
93.03% of 574 companies
in the REITs industry
Industry Median: 6.55 vs XBUL:FUES: 19.87

Fund Estates REIT  (XBUL:FUES) 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.


Fund Estates REIT Debt-to-EBITDA Related Terms


Fund Estates REIT Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Fund Estates REIT'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.

Fund Estates REIT Debt-to-EBITDA Chart

Fund Estates REIT 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 64.83 41.29 15.73 10.58 13.49

Fund Estates REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.18 22.23 22.60 20.48 18.64

XBUL:FUES vs VICI, WPC, BNL: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Fund Estates REIT'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.


Fund Estates REIT Debt-to-EBITDA vs REITs Industry

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

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



Fund Estates REIT Debt-to-EBITDA Calculation

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

Fund Estates REIT'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
=(1.071 + 10.137) / 0.831
=13.49

Fund Estates REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.501 + 7.895) / 0.504
=18.64

* 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 four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 18.64 mean?
Fund Estates REIT (XBUL:FUES) has a Debt-to-EBITDA of 18.64 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Fund Estates REIT. This is 57% below median its historical median of 43.58. Over the past decade, Fund Estates REIT's Debt-to-EBITDA has ranged from 10.58 to 163.31. According to the industry distribution chart, Fund Estates REIT ranks #534 out of 574 companies in the REITs industry, placing it in the top 93%.
Is Fund Estates REIT's Debt-to-EBITDA too high?
Fund Estates REIT's current Debt-to-EBITDA of 18.64 is 57% below median its 10-year median of 43.58. Over the past 10 years, this metric has ranged from a low of 10.58 to a high of 163.31. The REITs industry median Debt-to-EBITDA is 6.55. Fund Estates REIT's value of 18.64 is 184.6% above this industry median. Based on the distribution chart, Fund Estates REIT ranks #534 out of 574 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Fund Estates REIT's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Fund Estates REIT ranks #534 out of 574 companies for Debt-to-EBITDA. This places Fund Estates REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.55. Fund Estates REIT's value of 18.64 is 184.6% above this benchmark. Historically, Fund Estates REIT's own Debt-to-EBITDA has ranged from 10.58 to 163.31 over the past decade. While the company's 10-year median is 43.58 vs. the industry median of 6.55, Fund Estates REIT 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 6.55, based on 574 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. Fund Estates REIT's current Debt-to-EBITDA of 18.64 is 184.6% 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 Fund Estates REIT. 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. Fund Estates REIT's current Debt-to-EBITDA is 18.64, which is 57% below median its own 10-year median of 43.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fund Estates REIT stock overvalued right now?
Based on GuruFocus' analysis, Fund Estates REIT (XBUL:FUES) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.03, compared to a current price of €0.05 — trading 50% above its estimated fair value. The current Debt-to-EBITDA is 18.64, which is 57% below median its 10-year median of 43.58 and 184.6% above the REITs industry median of 6.55. 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 Fund Estates REIT (XBUL:FUES), the current Debt-to-EBITDA is 18.64 as of Jun. 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.

Fund Estates REIT Business Description

Industry Real EstateREITs
Address Bul. Tsarigradsko shose 159, Sofia, BGR, 1784
Fund Estates REIT is engaged in the securitization of real estate. The scope of activity of the company includes fundraising through the issuance of securities and subsequent investment of the raised funds in real estate and real rights on real estates, construction works, improvements and furnishing in the latter, in order to provide them with management, rent, lease or lease and/or subsequent sale.