Land Securities Group (FRA:LSU2) Interest Coverage: 3.31 (As of Mar. 2026) — 24% Below Median


FRA:LSU2 Land Securities Group PLC FRA:LSU2
62 GF Score
Price €7.56
GF Value €7.10
Valuation Fairly Valued
! 6 Warning Signs
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What is Land Securities Group Interest Coverage?

Land Securities Group FRA:LSU2 -2.14% 62 Interest Coverage is 3.31 as of Mar. 2026, which is 24% below its 10-year median of 4.35. GuruFocus rates FRA:LSU2 with a GF Score™ of 62/100 and a GF Value™ of €7.10 (Fairly Valued). The stock has 6 warning signs investors should review. Among 700 REITs companies, Land Securities Group ranks better than 54.86% 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. Land Securities Group's Operating Income for the six months ended in Mar. 2026 was €236 Mil. Land Securities Group's Interest Expense for the six months ended in Mar. 2026 was €-72 Mil. Land Securities Group's interest coverage for the quarter that ended in Mar. 2026 was 3.31. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Land Securities Group's Interest Coverage or its related term are showing as below:

FRA:LSU2' s Interest Coverage Range Over the Past 10 Years
Min: 3.39   Med: 4.35   Max: 5.55
Current: 3.4


FRA:LSU2's Interest Coverage is ranked better than
54.86% of 700 companies
in the REITs industry
Industry Median: 3.095 vs FRA:LSU2: 3.40

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


Land Securities Group  (FRA:LSU2) 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 .


Land Securities Group Interest Coverage Related Terms


Land Securities Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Land Securities Group'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.

Land Securities Group Interest Coverage Chart

Land Securities Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 4.98 4.10 3.84 3.40

Land Securities Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage 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 3.47 4.06 3.66 3.48 3.31

FRA:LSU2 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Land Securities Group'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.


Land Securities Group Interest Coverage vs REITs Industry

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

* The bar in red indicates where Land Securities Group's Interest Coverage falls into.


FRA:LSU2
62GF Score
Land Securities Group PLC FRA:LSU2
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Land Securities Group 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.

Land Securities Group's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Land Securities Group's Interest Expense was €-143 Mil. Its Operating Income was €486 Mil. And its Long-Term Debt & Capital Lease Obligation was €4,324 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*485.553/-143.013
=3.40

Land Securities Group's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Land Securities Group's Interest Expense was €-72 Mil. Its Operating Income was €236 Mil. And its Long-Term Debt & Capital Lease Obligation was €4,324 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*236.433/-71.507
=3.31

* 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 3.31 mean?
Land Securities Group (FRA:LSU2) has a Interest Coverage of 3.31 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Land Securities Group and its competitors. This is 24% below median its historical median of 4.35. Over the past decade, Land Securities Group's Interest Coverage has ranged from 3.39 to 5.55. According to the industry distribution chart, Land Securities Group ranks #316 out of 700 companies in the REITs industry, placing it in the top 45.1%.
Is Land Securities Group's Interest Coverage too high?
Land Securities Group's current Interest Coverage of 3.31 is 24% below median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 5.55. The REITs industry median Interest Coverage is 3.10. Land Securities Group's value of 3.31 is 6.9% above this industry median. Based on the distribution chart, Land Securities Group ranks #316 out of 700 companies in the REITs industry, which is above the industry midpoint. Overall, Land Securities Group has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Land Securities Group's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Land Securities Group ranks #316 out of 700 companies for Interest Coverage. This puts Land Securities Group in the upper half of its industry. The industry median Interest Coverage is 3.10. Land Securities Group's value of 3.31 is 6.9% above this benchmark. Historically, Land Securities Group's own Interest Coverage has ranged from 3.39 to 5.55 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 3.10, Land Securities Group 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 3.10, based on 700 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. Land Securities Group's current Interest Coverage of 3.31 is 6.9% 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 Land Securities Group and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land Securities Group's current Interest Coverage is 3.31, which is 24% below median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Land Securities Group (FRA:LSU2) is currently considered Fairly Valued. The stock's GF Value™ is €7.10, compared to a current price of €7.56 — trading 6.5% above its estimated fair value. The current Interest Coverage is 3.31, which is 24% below median its 10-year median of 4.35 and 6.9% above the REITs industry median of 3.10. Land Securities Group's overall GF Score™ is 62/100 with 6 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 Land Securities Group (FRA:LSU2), the current Interest Coverage is 3.31 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.

Is Land Securities Group (FRA:LSU2) Overvalued in 2026?

Based on GuruFocus' analysis, Land Securities Group stock appears to be overvalued. The current stock price of €7.56 is trading 6.5% above its estimated GF Value™ of €7.10. GuruFocus considers Land Securities Group to be Fairly Valued.

Key valuation signals for FRA:LSU2:

  • Interest Coverage: 3.31 (24% below median its 10-year median of 4.35)
  • GF Value™: €7.10 vs. price of €7.56 (6.5% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 6.9% above the REITs median (#316 of 700)

No single metric tells the full story. See the FRA:LSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Land Securities Group Business Description

Industry Real EstateREITs
Address 100 Victoria Street, London, GBR, SW1E 5JL
Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London. It segments as Office-led, Retail-led, Residential-led and Other assets.
62GF Score

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

€7.56
Price
€7.10
GF Value