Investore Property (NZSE:IPL) Interest Coverage: 2.64 (As of Mar. 2026) — 12% Below Median


NZSE:IPL Investore Property Ltd NZSE:IPL
63 GF Score
Price NZ$1.05
GF Value NZ$1.13
Valuation Fairly Valued
! 8 Warning Signs
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What is Investore Property Interest Coverage?

Investore Property NZSE:IPL +0.97% 63 Interest Coverage is 2.64 as of Mar. 2026, which is 12% below its 10-year median of 2.99. GuruFocus rates NZSE:IPL with a GF Score™ of 63/100 and a GF Value™ of NZ$1.13 (Fairly Valued). The stock has 8 warning signs investors should review. Among 700 REITs companies, Investore Property ranks worse than 52.29% 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. Investore Property's Operating Income for the six months ended in Mar. 2026 was NZ$29.66 Mil. Investore Property's Interest Expense for the six months ended in Mar. 2026 was NZ$-11.23 Mil. Investore Property's interest coverage for the quarter that ended in Mar. 2026 was 2.64. 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. Investore Property Ltd interest coverage is 2.89, which is low.

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

NZSE:IPL' s Interest Coverage Range Over the Past 10 Years
Min: 2.27   Med: 2.99   Max: 3.83
Current: 2.89


NZSE:IPL's Interest Coverage is ranked worse than
52.29% of 700 companies
in the REITs industry
Industry Median: 3.095 vs NZSE:IPL: 2.89

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


Investore Property  (NZSE:IPL) 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 .


Investore Property Interest Coverage Related Terms


Investore Property Interest Coverage Historical Data

* Premium members only.

The historical data trend for Investore Property'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.

Investore Property Interest Coverage Chart

Investore Property 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 3.83 3.32 3.04 2.93 2.89

Investore Property 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 3.08 2.72 3.18 3.21 2.64

NZSE:IPL vs SPG, O, KIM: Interest Coverage Comparison

For the REIT - Retail subindustry, Investore Property'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.


Investore Property Interest Coverage vs REITs Industry

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

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


NZSE:IPL
63GF Score
Investore Property Ltd NZSE:IPL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Investore Property 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.

Investore Property'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, Investore Property's Interest Expense was NZ$-19.81 Mil. Its Operating Income was NZ$57.24 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$399.47 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*57.244/-19.809
=2.89

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

Here, for the six months ended in Mar. 2026, Investore Property's Interest Expense was NZ$-11.23 Mil. Its Operating Income was NZ$29.66 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$399.47 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*29.663/-11.229
=2.64

* 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 2.64 mean?
Investore Property (NZSE:IPL) has a Interest Coverage of 2.64 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Investore Property and its competitors. This is 12% below median its historical median of 2.99. Over the past decade, Investore Property's Interest Coverage has ranged from 2.27 to 3.83. According to the industry distribution chart, Investore Property ranks #366 out of 700 companies in the REITs industry, placing it in the top 52.3%.
Is Investore Property's Interest Coverage too high?
Investore Property's current Interest Coverage of 2.64 is 12% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 3.83. The REITs industry median Interest Coverage is 3.10. Investore Property's value of 2.64 is 14.7% below this industry median. Based on the distribution chart, Investore Property ranks #366 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Investore Property has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Investore Property's Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, Investore Property ranks #366 out of 700 companies for Interest Coverage. This places Investore Property in the lower half of its industry. The industry median Interest Coverage is 3.10. Investore Property's value of 2.64 is 14.7% below this benchmark. Historically, Investore Property's own Interest Coverage has ranged from 2.27 to 3.83 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 3.10, Investore Property 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. Investore Property's current Interest Coverage of 2.64 is 14.7% 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 Investore Property 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. Investore Property's current Interest Coverage is 2.64, which is 12% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investore Property stock overvalued right now?
Based on GuruFocus' analysis, Investore Property (NZSE:IPL) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.13, compared to a current price of NZ$1.05 — trading 7.5% below its estimated fair value. The current Interest Coverage is 2.64, which is 12% below median its 10-year median of 2.99 and 14.7% below the REITs industry median of 3.10. Investore Property's overall GF Score™ is 63/100 with 8 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 Investore Property (NZSE:IPL), the current Interest Coverage is 2.64 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 Investore Property (NZSE:IPL) Overvalued in 2026?

Based on GuruFocus' analysis, Investore Property stock appears to be undervalued. The current stock price of NZ$1.05 is trading 7.5% below its estimated GF Value™ of NZ$1.13. GuruFocus considers Investore Property to be Fairly Valued.

Key valuation signals for NZSE:IPL:

  • Interest Coverage: 2.64 (12% below median its 10-year median of 2.99)
  • GF Value™: NZ$1.13 vs. price of NZ$1.05 (7.5% below fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 14.7% below the REITs median (#366 of 700)

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


Investore Property Business Description

Industry Real EstateREITs
Address 34 Shortland Street, Level 12, Auckland, NZL, 1010
Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.
63GF Score

Get the complete analysis for NZSE:IPL

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

NZ$1.05
Price
NZ$1.13
GF Value