KWIPF (Kiwi Property Group) Interest Coverage: 2.50 (As of Mar. 2026) — 39% Below Median


KWIPF Kiwi Property Group Ltd KWIPF
41 GF Score
Price $0.54
GF Value $0.48
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Kiwi Property Group Interest Coverage?

Kiwi Property Group KWIPF 41 Interest Coverage is 2.50 as of Mar. 2026, which is 39% below its 10-year median of 4.10. GuruFocus rates KWIPF with a GF Score™ of 41/100 and a GF Value™ of $0.48 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 700 REITs companies, Kiwi Property Group ranks worse than 53.86% 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. Kiwi Property Group's Operating Income for the six months ended in Mar. 2026 was $38.0 Mil. Kiwi Property Group's Interest Expense for the six months ended in Mar. 2026 was $-15.2 Mil. Kiwi Property Group's interest coverage for the quarter that ended in Mar. 2026 was 2.50. 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. Kiwi Property Group Ltd interest coverage is 2.83, which is low.

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

KWIPF' s Interest Coverage Range Over the Past 10 Years
Min: 2.83   Med: 4.1   Max: 4.62
Current: 2.83


KWIPF's Interest Coverage is ranked worse than
53.86% of 700 companies
in the REITs industry
Industry Median: 3.095 vs KWIPF: 2.83

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


Kiwi Property Group  (OTCPK:KWIPF) 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 .


Kiwi Property Group Interest Coverage Related Terms


Kiwi Property Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Kiwi Property 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.

Kiwi Property Group Interest Coverage Chart

Kiwi Property 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 4.20 4.01 3.11 2.93 2.83

Kiwi Property 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 3.09 2.91 2.94 3.13 2.50

KWIPF vs VICI, WPC, BNL: Interest Coverage Comparison

For the REIT - Diversified subindustry, Kiwi Property 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.


Kiwi Property Group Interest Coverage vs REITs Industry

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

* The bar in red indicates where Kiwi Property Group's Interest Coverage falls into.


KWIPF
41GF Score
Kiwi Property Group Ltd KWIPF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kiwi Property 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.

Kiwi Property 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, Kiwi Property Group's Interest Expense was $-31.9 Mil. Its Operating Income was $90.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $711.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*90.074/-31.882
=2.83

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

Here, for the six months ended in Mar. 2026, Kiwi Property Group's Interest Expense was $-15.2 Mil. Its Operating Income was $38.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $711.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*38.002/-15.222
=2.50

* 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 2.50 mean?
Kiwi Property Group (KWIPF) has a Interest Coverage of 2.50 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kiwi Property Group and its competitors. This is 39% below median its historical median of 4.10. Over the past decade, Kiwi Property Group's Interest Coverage has ranged from 2.83 to 4.62. According to the industry distribution chart, Kiwi Property Group ranks #377 out of 700 companies in the REITs industry, placing it in the top 53.9%.
Is Kiwi Property Group's Interest Coverage too high?
Kiwi Property Group's current Interest Coverage of 2.50 is 39% below median its 10-year median of 4.10. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 4.62. The REITs industry median Interest Coverage is 3.10. Kiwi Property Group's value of 2.50 is 19.2% below this industry median. Based on the distribution chart, Kiwi Property Group ranks #377 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Kiwi Property Group has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kiwi Property Group's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Kiwi Property Group ranks #377 out of 700 companies for Interest Coverage. This places Kiwi Property Group in the lower half of its industry. The industry median Interest Coverage is 3.10. Kiwi Property Group's value of 2.50 is 19.2% below this benchmark. Historically, Kiwi Property Group's own Interest Coverage has ranged from 2.83 to 4.62 over the past decade. While the company's 10-year median is 4.10 vs. the industry median of 3.10, Kiwi Property Group 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. Kiwi Property Group's current Interest Coverage of 2.50 is 19.2% 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 Kiwi Property 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. Kiwi Property Group's current Interest Coverage is 2.50, which is 39% below median its own 10-year median of 4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiwi Property Group stock overvalued right now?
Based on GuruFocus' analysis, Kiwi Property Group (KWIPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.48, compared to a current price of $0.54 — trading 12.5% above its estimated fair value. The current Interest Coverage is 2.50, which is 39% below median its 10-year median of 4.10 and 19.2% below the REITs industry median of 3.10. Kiwi Property Group's overall GF Score™ is 41/100 with 10 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 Kiwi Property Group (KWIPF), the current Interest Coverage is 2.50 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 Kiwi Property Group (KWIPF) Overvalued in 2026?

Based on GuruFocus' analysis, Kiwi Property Group stock appears to be overvalued. The current stock price of $0.54 is trading 12.5% above its estimated GF Value™ of $0.48. GuruFocus considers Kiwi Property Group to be Modestly Overvalued.

Key valuation signals for KWIPF:

  • Interest Coverage: 2.50 (39% below median its 10-year median of 4.10)
  • GF Value™: $0.48 vs. price of $0.54 (12.5% above fair value)
  • GF Score™: 41/100 with 10 warning signs
  • Industry Position: 19.2% below the REITs median (#377 of 700)

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


Kiwi Property Group Business Description

Industry Real EstateREITs
Other Exchanges KPG:New Zealand
Address 48 Shortland Street, P.O. Box 2071, Level 7, Vero Centre, Auckland, NTL, NZL, 1140
Kiwi Property Group Ltd is a New Zealand-based company involved in the real estate business. It owns and manages a high-quality real estate portfolio, including some of the country's key commercial properties. Its portfolio comprises office properties, retail-led mixed-use assets, and large landholdings, strategically positioned in areas marked for densification, close to transport nodes. The Group's reportable segments are: Retail-led mixed-use, Office, Development land, and Other. The majority of its revenue is derived from the Retail-led mixed-use assets, which comprise large-scale properties anchored by retail tenancies, which may have complementary uses such as office, residential, or other non-retail components that support the asset's overall performance.
41GF Score

Get the complete analysis for KWIPF

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

$0.54
Price
$0.48
GF Value