Exemplar REITailJSE:EXP 69 Interest Coverage is 2.48 as of Feb. 2026, which is 3% below its 10-year median of 2.56. GuruFocus rates JSE:EXP with a GF Score™ of 69/100 and a GF Value™ of R15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 700 REITs companies, Exemplar REITail ranks worse than 61.43% 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. Exemplar REITail's
Operating Income
for the
six
months ended in Feb. 2026 was R448 Mil. Exemplar REITail's Interest Expense for the
six
months ended in Feb. 2026 was R-180 Mil.
Exemplar REITail's interest coverage for the quarter that ended in Feb. 2026 was 2.48.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Exemplar REITail Ltd interest coverage is 2.42, which is low.
The historical rank and industry rank for Exemplar REITail's Interest Coverage or its related term are showing as below:
JSE:EXP'
s Interest Coverage Range Over the Past 10 Years
Min: 2.35 Med: 2.56 Max: 3.25
Current: 2.42
JSE:EXP's Interest Coverage is ranked worse than 61.43% of 700
companies
in the REITs industry
Industry Median: 3.095
vs JSE:EXP: 2.42
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 .
Exemplar REITail Interest Coverage Related Terms
Exemplar REITail Interest Coverage Historical Data
* Premium members only.
The historical data trend for Exemplar REITail'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.
JSE:EXP vs SPG, O, KIM: Interest Coverage Comparison
For the REIT - Retail subindustry, Exemplar REITail'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.
Exemplar REITail Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a Interest Coverage of 2.48 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Exemplar REITail and its competitors. This is near median its historical median of 2.56. Over the past decade, Exemplar REITail's Interest Coverage has ranged from 2.35 to 3.25. According to the industry distribution chart, Exemplar REITail ranks #430 out of 700 companies in the REITs industry, placing it in the top 61.4%.
Is Exemplar REITail's Interest Coverage too high?
Exemplar REITail's current Interest Coverage of 2.48 is near median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 3.25. The REITs industry median Interest Coverage is 3.10. Exemplar REITail's value of 2.48 is 19.9% below this industry median. Based on the distribution chart, Exemplar REITail ranks #430 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Exemplar REITail has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #430 out of 700 companies for Interest Coverage. This places Exemplar REITail in the lower half of its industry. The industry median Interest Coverage is 3.10. Exemplar REITail's value of 2.48 is 19.9% below this benchmark. Historically, Exemplar REITail's own Interest Coverage has ranged from 2.35 to 3.25 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 3.10, Exemplar REITail has consistently been below 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. Exemplar REITail's current Interest Coverage of 2.48 is 19.9% below 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 Exemplar REITail 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. Exemplar REITail's current Interest Coverage is 2.48, which is near median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.65, compared to a current price of R18.00 — trading 15% above its estimated fair value. The current Interest Coverage is 2.48, which is near median its 10-year median of 2.56 and 19.9% below the REITs industry median of 3.10. Exemplar REITail's overall GF Score™ is 69/100 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 Exemplar REITail (JSE:EXP), the current Interest Coverage is 2.48 as of Feb. 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued.
The current stock price of R18.00 is trading 15% above its estimated GF Value™ of R15.65.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
Interest Coverage: 2.48 (near median its 10-year median of 2.56)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
Industry Position: 19.9% below the REITs median (#430 of 700)
No single metric tells the full story. See the JSE:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
69GF Score
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