Redefine PropertiesJSE:RDF -0.16%61 Interest Coverage is 1.69 as of Feb. 2026, which is 12% below its 10-year median of 1.92. GuruFocus rates JSE:RDF with a GF Score™ of 61/100 and a GF Value™ of R3.92 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 700 REITs companies, Redefine Properties ranks worse than 73.43% 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. Redefine Properties's
Operating Income
for the
six
months ended in Feb. 2026 was R3,035 Mil. Redefine Properties's Interest Expense for the
six
months ended in Feb. 2026 was R-1,801 Mil.
Redefine Properties's interest coverage for the quarter that ended in Feb. 2026 was 1.69.
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. Redefine Properties Ltd interest coverage is 1.77, which is low.
The historical rank and industry rank for Redefine Properties's Interest Coverage or its related term are showing as below:
JSE:RDF'
s Interest Coverage Range Over the Past 10 Years
Min: 1.53 Med: 1.92 Max: 2.33
Current: 1.77
JSE:RDF's Interest Coverage is ranked worse than 73.43% of 700
companies
in the REITs industry
Industry Median: 3.095
vs JSE:RDF: 1.77
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 .
Redefine Properties Interest Coverage Related Terms
Redefine Properties Interest Coverage Historical Data
* Premium members only.
The historical data trend for Redefine Properties'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:RDF vs VICI, WPC: Interest Coverage Comparison
For the REIT - Diversified subindustry, Redefine Properties'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.
Redefine Properties Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Redefine Properties'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.
Redefine Properties (JSE:RDF) has a Interest Coverage of 1.69 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Redefine Properties and its competitors. This is 12% below median its historical median of 1.92. Over the past decade, Redefine Properties' Interest Coverage has ranged from 1.53 to 2.33. According to the industry distribution chart, Redefine Properties ranks #514 out of 700 companies in the REITs industry, placing it in the top 73.4%.
Is Redefine Properties' Interest Coverage too high?
Redefine Properties' current Interest Coverage of 1.69 is 12% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 2.33. The REITs industry median Interest Coverage is 3.10. Redefine Properties' value of 1.69 is 45.4% below this industry median. Based on the distribution chart, Redefine Properties ranks #514 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Redefine Properties has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #514 out of 700 companies for Interest Coverage. This places Redefine Properties in the lower half of its industry. The industry median Interest Coverage is 3.10. Redefine Properties' value of 1.69 is 45.4% below this benchmark. Historically, Redefine Properties' own Interest Coverage has ranged from 1.53 to 2.33 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 3.10, Redefine Properties 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. Redefine Properties's current Interest Coverage of 1.69 is 45.4% 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 Redefine Properties 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. Redefine Properties's current Interest Coverage is 1.69, which is 12% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redefine Properties stock overvalued right now?
Based on GuruFocus' analysis, Redefine Properties (JSE:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.92, compared to a current price of R6.36 — trading 62.2% above its estimated fair value. The current Interest Coverage is 1.69, which is 12% below median its 10-year median of 1.92 and 45.4% below the REITs industry median of 3.10. Redefine Properties' overall GF Score™ is 61/100 with 12 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 Redefine Properties (JSE:RDF), the current Interest Coverage is 1.69 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.36 is trading 62.2% above its estimated GF Value™ of R3.92.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Interest Coverage: 1.69 (12% below median its 10-year median of 1.92)
GF Value™: R3.92 vs. price of R6.36 (62.2% above fair value)
Industry Position: 45.4% below the REITs median (#514 of 700)
No single metric tells the full story. See the JSE:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland. Within South Africa, over half of the Company's properties by total value are situated in the province of Gauteng. The Group comprises the South Africa portfolio segment, including office, retail, industrial, specialised, and head office. Its international portfolio includes EPP, which is mainly retail; Redefine Europe, which is mainly industrial; Self Storage Investments, which is mainly self-storage; and Lango Real Estate, which represents the head office, along with head office funding related to international investments.
61GF Score
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