Industrial & Infrastructure Fund Investment (FRA:2ES) Debt-to-Equity: 1.19 (As of Jan. 2026) — Near Median

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FRA:2ES Industrial & Infrastructure Fund Investment Corp FRA:2ES
77 GF Score
Price €795.00
GF Value €743.75
! 11 Warning Signs
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What is Industrial & Infrastructure Fund Investment Debt-to-Equity?

Industrial & Infrastructure Fund Investment FRA:2ES +0.63% 77 Debt-to-Equity is 1.19 as of Jan. 2026, which is 6% above its 10-year median of 1.12. GuruFocus rates FRA:2ES with a GF Score™ of 77/100 and a GF Value™ of €743.75. The stock has 11 warning signs investors should review. Among 683 REITs companies, Industrial & Infrastructure Fund Investment ranks worse than 75.4% on this metric.

Industrial & Infrastructure Fund Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €227.1 Mil. Industrial & Infrastructure Fund Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €1,371.3 Mil. Industrial & Infrastructure Fund Investment's Total Stockholders Equity for the quarter that ended in Jan. 2026 was €1,345.1 Mil. Industrial & Infrastructure Fund Investment's debt to equity for the quarter that ended in Jan. 2026 was 1.19.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Industrial & Infrastructure Fund Investment's Debt-to-Equity or its related term are showing as below:

FRA:2ES' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01   Med: 1.12   Max: 1.26
Current: 1.19

During the past 13 years, the highest Debt-to-Equity Ratio of Industrial & Infrastructure Fund Investment was 1.26. The lowest was 1.01. And the median was 1.12.

FRA:2ES's Debt-to-Equity is ranked worse than
75.4% of 683 companies
in the REITs industry
Industry Median: 0.78 vs FRA:2ES: 1.19

Industrial & Infrastructure Fund Investment  (FRA:2ES) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Industrial & Infrastructure Fund Investment Debt-to-Equity Related Terms


Industrial & Infrastructure Fund Investment Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Industrial & Infrastructure Fund Investment's Debt-to-Equity 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.

Industrial & Infrastructure Fund Investment Debt-to-Equity Chart

Industrial & Infrastructure Fund Investment Annual Data
Trend Dec16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.07 1.09 1.15 1.14

Industrial & Infrastructure Fund Investment Semi-Annual Data
Jun16 Dec16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Debt-to-Equity 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 1.12 1.15 1.15 1.14 1.19

FRA:2ES vs PLD, PSA, EXR: Debt-to-Equity Comparison

For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Industrial & Infrastructure Fund Investment Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Industrial & Infrastructure Fund Investment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Industrial & Infrastructure Fund Investment's Debt-to-Equity falls into.


FRA:2ES
77GF Score
Industrial & Infrastructure Fund Investment Corp FRA:2ES
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrial & Infrastructure Fund Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Industrial & Infrastructure Fund Investment's Debt to Equity Ratio for the fiscal year that ended in Jul. 2025 is calculated as

Industrial & Infrastructure Fund Investment's Debt to Equity Ratio for the quarter that ended in Jan. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.19 mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a Debt-to-Equity of 1.19 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Industrial & Infrastructure Fund Investment and its competitors. This is near median its historical median of 1.12. Over the past decade, Industrial & Infrastructure Fund Investment's Debt-to-Equity has ranged from 1.01 to 1.26. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #515 out of 683 companies in the REITs industry, placing it in the top 75.4%.
Is Industrial & Infrastructure Fund Investment's Debt-to-Equity too high?
Industrial & Infrastructure Fund Investment's current Debt-to-Equity of 1.19 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 1.26. The REITs industry median Debt-to-Equity is 0.78. Industrial & Infrastructure Fund Investment's value of 1.19 is 52.6% above this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #515 out of 683 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's Debt-to-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #515 out of 683 companies for Debt-to-Equity. This places Industrial & Infrastructure Fund Investment in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Industrial & Infrastructure Fund Investment's value of 1.19 is 52.6% above this benchmark. Historically, Industrial & Infrastructure Fund Investment's own Debt-to-Equity has ranged from 1.01 to 1.26 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.78, Industrial & Infrastructure Fund 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Industrial & Infrastructure Fund Investment's current Debt-to-Equity of 1.19 is 52.6% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Industrial & Infrastructure Fund Investment and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current Debt-to-Equity is 1.19, which is near median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current Debt-to-Equity of 1.19. The stock's GF Value™ is €743.75, compared to a current price of €795.00 — trading 6.9% above its estimated fair value. The current Debt-to-Equity is 1.19, which is near median its 10-year median of 1.12 and 52.6% above the REITs industry median of 0.78. Industrial & Infrastructure Fund Investment's overall GF Score™ is 77/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Industrial & Infrastructure Fund Investment (FRA:2ES), the current Debt-to-Equity is 1.19 as of Jan. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued. The current stock price of €795.00 is trading 6.9% above its estimated GF Value™ of €743.75.

Key valuation signals for FRA:2ES:

  • Debt-to-Equity: 1.19 (near median its 10-year median of 1.12)
  • GF Value™: €743.75 vs. price of €795.00 (6.9% above fair value)
  • GF Score™: 77/100 with 11 warning signs
  • Industry Position: 52.6% above the REITs median (#515 of 683)

No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrial & Infrastructure Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 3249:Japan
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
77GF Score

Get the complete analysis for FRA:2ES

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

€795.00
Price
€743.75
GF Value