Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Mapletree Industrial Trust's
Operating Income
for the
three
months ended in Mar. 2026 was €71.0 Mil. Mapletree Industrial Trust's Interest Expense for the
three
months ended in Mar. 2026 was €-12.7 Mil.
Mapletree Industrial Trust's interest coverage for the quarter that ended in Mar. 2026 was 5.61.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mapletree Industrial Trust's Interest Coverage or its related term are showing as below:
FRA:M2L'
s Interest Coverage Range Over the Past 10 Years
Min: 2.68 Med: 6.67 Max: 9.32
Current: 5.18
FRA:M2L's Interest Coverage is ranked better than 66.09% of 693
companies
in the REITs industry
Industry Median: 3.12
vs FRA:M2L: 5.18
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 .
Mapletree Industrial Trust Interest Coverage Related Terms
Mapletree Industrial Trust Interest Coverage Historical Data
* 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.
FRA:M2L vs PLD, PSA, EXR: Interest Coverage Comparison
For the REIT - Industrial subindustry, Mapletree Industrial Trust'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.
Mapletree Industrial Trust Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Mapletree Industrial Trust's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mapletree Industrial Trust's Interest Coverage falls into.
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:
* 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.
Mapletree Industrial Trust (FRA:M2L) has a Interest Coverage of 5.61 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mapletree Industrial Trust and its competitors. This is 16% below median its historical median of 6.67. Over the past decade, Mapletree Industrial Trust's Interest Coverage has ranged from 2.68 to 9.32. According to the industry distribution chart, Mapletree Industrial Trust ranks #235 out of 693 companies in the REITs industry, placing it in the top 33.9%.
Is Mapletree Industrial Trust's Interest Coverage too high?
Mapletree Industrial Trust's current Interest Coverage of 5.61 is 16% below median its 10-year median of 6.67. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 9.32. The REITs industry median Interest Coverage is 3.12. Mapletree Industrial Trust's value of 5.61 is 79.8% above this industry median. Based on the distribution chart, Mapletree Industrial Trust ranks #235 out of 693 companies in the REITs industry, which is above the industry midpoint. Overall, Mapletree Industrial Trust has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Industrial Trust ranks #235 out of 693 companies for Interest Coverage. This puts Mapletree Industrial Trust in the upper half of its industry. The industry median Interest Coverage is 3.12. Mapletree Industrial Trust's value of 5.61 is 79.8% above this benchmark. Historically, Mapletree Industrial Trust's own Interest Coverage has ranged from 2.68 to 9.32 over the past decade. While the company's 10-year median is 6.67 vs. the industry median of 3.12, Mapletree Industrial Trust 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 3.12, based on 693 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. Mapletree Industrial Trust's current Interest Coverage of 5.61 is 79.8% 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 Mapletree Industrial Trust and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mapletree Industrial Trust's current Interest Coverage is 5.61, which is 16% below median its own 10-year median of 6.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (FRA:M2L) is currently considered Fairly Valued. The stock's GF Value™ is €1.37, compared to a current price of €1.28 — trading 6.8% below its estimated fair value. The current Interest Coverage is 5.61, which is 16% below median its 10-year median of 6.67 and 79.8% above the REITs industry median of 3.12. Mapletree Industrial Trust's overall GF Score™ is 71/100 with 7 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 Mapletree Industrial Trust (FRA:M2L), the current Interest Coverage is 5.61 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 Mapletree Industrial Trust (FRA:M2L) Overvalued in 2026?
Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued.
The current stock price of €1.28 is trading 6.8% below its estimated GF Value™ of €1.37.
GuruFocus considers Mapletree Industrial Trust to be Fairly Valued.
Key valuation signals for FRA:M2L:
Interest Coverage: 5.61 (16% below median its 10-year median of 6.67)
GF Value™: €1.37 vs. price of €1.28 (6.8% below fair value)
Industry Position: 79.8% above the REITs median (#235 of 693)
No single metric tells the full story. See the FRA:M2L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
71GF Score
Get the complete analysis for FRA:M2L
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:M2L has been successfully added to your 
