Tokaido REIT (FRA:AI70) Interest Coverage: 6.21 (As of Jan. 2026) — 51% Below Median


FRA:AI70 Tokaido REIT Inc FRA:AI70
48 GF Score
Price €525.00
GF Value €665.21
! 4 Warning Signs
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What is Tokaido REIT Interest Coverage?

Tokaido REIT FRA:AI70 -0.94% 48 Interest Coverage is 6.21 as of Jan. 2026, which is 51% below its 10-year median of 12.74. GuruFocus rates FRA:AI70 with a GF Score™ of 48/100 and a GF Value™ of €665.21. The stock has 4 warning signs investors should review. Among 699 REITs companies, Tokaido REIT ranks better than 69.81% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Tokaido REIT's Operating Income for the six months ended in Jan. 2026 was €7.08 Mil. Tokaido REIT's Interest Expense for the six months ended in Jan. 2026 was €-1.14 Mil. Tokaido REIT's interest coverage for the quarter that ended in Jan. 2026 was 6.21. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tokaido REIT's Interest Coverage or its related term are showing as below:

FRA:AI70' s Interest Coverage Range Over the Past 10 Years
Min: 6.53   Med: 12.74   Max: 15.12
Current: 6.53


FRA:AI70's Interest Coverage is ranked better than
69.81% of 699 companies
in the REITs industry
Industry Median: 3.11 vs FRA:AI70: 6.53

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Tokaido REIT  (FRA:AI70) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Tokaido REIT Interest Coverage Related Terms


Tokaido REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Tokaido REIT's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Tokaido REIT Interest Coverage Chart

Tokaido REIT Annual Data
Trend Jul21 Jan22 Jul23 Jul24 Jul25
Interest Coverage
N/A 15.12 13.92 11.53 7.51

Tokaido REIT Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 10.95 8.52 6.86 6.21

FRA:AI70 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Tokaido REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Tokaido REIT Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tokaido REIT's Interest Coverage falls into.


FRA:AI70
48GF Score
Tokaido REIT Inc FRA:AI70
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokaido REIT Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tokaido REIT's Interest Coverage for the fiscal year that ended in Jul. 2025 is calculated as

Here, for the fiscal year that ended in Jul. 2025, Tokaido REIT's Interest Expense was €-1.91 Mil. Its Operating Income was €14.33 Mil. And its Long-Term Debt & Capital Lease Obligation was €156.56 Mil.

Interest Coverage=-1* Operating Income (A: Jul. 2025 )/Interest Expense (A: Jul. 2025 )
=-1*14.333/-1.909
=7.51

Tokaido REIT's Interest Coverage for the quarter that ended in Jan. 2026 is calculated as

Here, for the six months ended in Jan. 2026, Tokaido REIT's Interest Expense was €-1.14 Mil. Its Operating Income was €7.08 Mil. And its Long-Term Debt & Capital Lease Obligation was €114.03 Mil.

Interest Coverage=-1* Operating Income (Q: Jan. 2026 )/Interest Expense (Q: Jan. 2026 )
=-1*7.075/-1.139
=6.21

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 6.21 mean?
Tokaido REIT (FRA:AI70) has a Interest Coverage of 6.21 as of Jan. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tokaido REIT and its competitors. This is 51% below median its historical median of 12.74. Over the past decade, Tokaido REIT's Interest Coverage has ranged from 6.53 to 15.12. According to the industry distribution chart, Tokaido REIT ranks #211 out of 699 companies in the REITs industry, placing it in the top 30.2%.
Is Tokaido REIT's Interest Coverage too high?
Tokaido REIT's current Interest Coverage of 6.21 is 51% below median its 10-year median of 12.74. Over the past 10 years, this metric has ranged from a low of 6.53 to a high of 15.12. The REITs industry median Interest Coverage is 3.11. Tokaido REIT's value of 6.21 is 99.7% above this industry median. Based on the distribution chart, Tokaido REIT ranks #211 out of 699 companies in the REITs industry, which is above the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #211 out of 699 companies for Interest Coverage. This puts Tokaido REIT in the upper half of its industry. The industry median Interest Coverage is 3.11. Tokaido REIT's value of 6.21 is 99.7% above this benchmark. Historically, Tokaido REIT's own Interest Coverage has ranged from 6.53 to 15.12 over the past decade. While the company's 10-year median is 12.74 vs. the industry median of 3.11, Tokaido 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.11, based on 699 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokaido REIT's current Interest Coverage of 6.21 is 99.7% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tokaido REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current Interest Coverage is 6.21, which is 51% below median its own 10-year median of 12.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Tokaido REIT (FRA:AI70) has a current Interest Coverage of 6.21. The stock's GF Value™ is €665.21, compared to a current price of €525.00 — trading 21.1% below its estimated fair value. The current Interest Coverage is 6.21, which is 51% below median its 10-year median of 12.74 and 99.7% above the REITs industry median of 3.11. Tokaido REIT's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Tokaido REIT (FRA:AI70), the current Interest Coverage is 6.21 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 Tokaido REIT (FRA:AI70) Overvalued in 2026?

Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued. The current stock price of €525.00 is trading 21.1% below its estimated GF Value™ of €665.21.

Key valuation signals for FRA:AI70:

  • Interest Coverage: 6.21 (51% below median its 10-year median of 12.74)
  • GF Value™: €665.21 vs. price of €525.00 (21.1% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 99.7% above the REITs median (#211 of 699)

No single metric tells the full story. See the FRA:AI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokaido REIT Business Description

Industry Real EstateREITs
Other Exchanges 2989:Japan
Address 2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score

Get the complete analysis for FRA:AI70

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

€525.00
Price
€665.21
GF Value