PAZRF (Plaza Retail REIT) Interest Coverage: 2.18 (As of Mar. 2026) — Near Median


PAZRF Plaza Retail REIT PAZRF
69 GF Score
Price $3.30
GF Value $2.93
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Plaza Retail REIT Interest Coverage?

Plaza Retail REIT PAZRF 69 Interest Coverage is 2.18 as of Mar. 2026, which is 4% below its 10-year median of 2.27. GuruFocus rates PAZRF with a GF Score™ of 69/100 and a GF Value™ of $2.93 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 699 REITs companies, Plaza Retail REIT ranks worse than 64.38% 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. Plaza Retail REIT's Operating Income for the three months ended in Mar. 2026 was $11.48 Mil. Plaza Retail REIT's Interest Expense for the three months ended in Mar. 2026 was $-5.27 Mil. Plaza Retail REIT's interest coverage for the quarter that ended in Mar. 2026 was 2.18. 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. Plaza Retail REIT interest coverage is 2.28, which is low.

The historical rank and industry rank for Plaza Retail REIT's Interest Coverage or its related term are showing as below:

PAZRF' s Interest Coverage Range Over the Past 10 Years
Min: 2.1   Med: 2.27   Max: 2.46
Current: 2.28


PAZRF's Interest Coverage is ranked worse than
64.38% of 699 companies
in the REITs industry
Industry Median: 3.11 vs PAZRF: 2.28

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


Plaza Retail REIT  (OTCPK:PAZRF) 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 .


Plaza Retail REIT Interest Coverage Related Terms


Plaza Retail REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Plaza Retail REIT'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.

Plaza Retail REIT Interest Coverage Chart

Plaza Retail REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.46 2.33 2.32 2.26 2.27

Plaza Retail REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.14 2.24 2.41 2.29 2.18

PAZRF vs SPG, O, KIM: Interest Coverage Comparison

For the REIT - Retail subindustry, Plaza Retail REIT'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.


Plaza Retail REIT Interest Coverage vs REITs Industry

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

* The bar in red indicates where Plaza Retail REIT's Interest Coverage falls into.


PAZRF
69GF Score
Plaza Retail REIT PAZRF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Plaza Retail REIT 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.

Plaza Retail REIT's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Plaza Retail REIT's Interest Expense was $-21.23 Mil. Its Operating Income was $48.20 Mil. And its Long-Term Debt & Capital Lease Obligation was $356.46 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*48.204/-21.233
=2.27

Plaza Retail REIT's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Plaza Retail REIT's Interest Expense was $-5.27 Mil. Its Operating Income was $11.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $361.84 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*11.483/-5.266
=2.18

* 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 2.18 mean?
Plaza Retail REIT (PAZRF) has a Interest Coverage of 2.18 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Plaza Retail REIT and its competitors. This is near median its historical median of 2.27. Over the past decade, Plaza Retail REIT's Interest Coverage has ranged from 2.10 to 2.46. According to the industry distribution chart, Plaza Retail REIT ranks #450 out of 699 companies in the REITs industry, placing it in the top 64.4%.
Is Plaza Retail REIT's Interest Coverage too high?
Plaza Retail REIT's current Interest Coverage of 2.18 is near median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 2.46. The REITs industry median Interest Coverage is 3.11. Plaza Retail REIT's value of 2.18 is 29.9% below this industry median. Based on the distribution chart, Plaza Retail REIT ranks #450 out of 699 companies in the REITs industry, which is below the industry midpoint. Overall, Plaza Retail REIT has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plaza Retail REIT's Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, Plaza Retail REIT ranks #450 out of 699 companies for Interest Coverage. This places Plaza Retail REIT in the lower half of its industry. The industry median Interest Coverage is 3.11. Plaza Retail REIT's value of 2.18 is 29.9% below this benchmark. Historically, Plaza Retail REIT's own Interest Coverage has ranged from 2.10 to 2.46 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 3.11, Plaza Retail REIT 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 3.11, based on 699 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. Plaza Retail REIT's current Interest Coverage of 2.18 is 29.9% 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 Plaza Retail REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plaza Retail REIT's current Interest Coverage is 2.18, which is near median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plaza Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, Plaza Retail REIT (PAZRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.93, compared to a current price of $3.30 — trading 12.6% above its estimated fair value. The current Interest Coverage is 2.18, which is near median its 10-year median of 2.27 and 29.9% below the REITs industry median of 3.11. Plaza Retail REIT's overall GF Score™ is 69/100 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 Plaza Retail REIT (PAZRF), the current Interest Coverage is 2.18 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 Plaza Retail REIT (PAZRF) Overvalued in 2026?

Based on GuruFocus' analysis, Plaza Retail REIT stock appears to be overvalued. The current stock price of $3.30 is trading 12.6% above its estimated GF Value™ of $2.93. GuruFocus considers Plaza Retail REIT to be Modestly Overvalued.

Key valuation signals for PAZRF:

  • Interest Coverage: 2.18 (near median its 10-year median of 2.27)
  • GF Value™: $2.93 vs. price of $3.30 (12.6% above fair value)
  • GF Score™: 69/100 with 12 warning signs
  • Industry Position: 29.9% below the REITs median (#450 of 699)

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


Plaza Retail REIT Business Description

Industry Real EstateREITs
Other Exchanges PLZ.UN:Canada
Address 98 Main Street, Fredericton, NB, CAN, E3A 9N6
Plaza Retail REIT is an unincorporated, open-ended real estate investment trust. It operates as a developer, owner, and manager of retail real estate located mainly in Ontario, Quebec, and Atlantic Canada. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets, and is predominantly occupied by national tenants. Additionally, it also holds land for development.
69GF Score

Get the complete analysis for PAZRF

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

$3.30
Price
$2.93
GF Value