Warehouses Estates Belgium (STU:WPK) Interest Coverage: 3.93 (As of Dec. 2025) — 58% Below Median


STU:WPK Warehouses Estates Belgium SA STU:WPK
71 GF Score
Price €39.60
GF Value €35.23
! 8 Warning Signs
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What is Warehouses Estates Belgium Interest Coverage?

Warehouses Estates Belgium STU:WPK 71 Interest Coverage is 3.93 as of Dec. 2025, which is 58% below its 10-year median of 9.25. GuruFocus rates STU:WPK with a GF Score™ of 71/100 and a GF Value™ of €35.23. The stock has 8 warning signs investors should review. Among 699 REITs companies, Warehouses Estates Belgium ranks better than 57.8% 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. Warehouses Estates Belgium's Operating Income for the six months ended in Dec. 2025 was €10.34 Mil. Warehouses Estates Belgium's Interest Expense for the six months ended in Dec. 2025 was €-2.63 Mil. Warehouses Estates Belgium's interest coverage for the quarter that ended in Dec. 2025 was 3.93. 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. Warehouses Estates Belgium SA interest coverage is 3.6, which is low.

The historical rank and industry rank for Warehouses Estates Belgium's Interest Coverage or its related term are showing as below:

STU:WPK' s Interest Coverage Range Over the Past 10 Years
Min: 2.71   Med: 9.25   Max: 15.18
Current: 3.6


STU:WPK's Interest Coverage is ranked better than
57.8% of 699 companies
in the REITs industry
Industry Median: 3.11 vs STU:WPK: 3.60

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


Warehouses Estates Belgium  (STU:WPK) 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 .


Warehouses Estates Belgium Interest Coverage Related Terms


Warehouses Estates Belgium Interest Coverage Historical Data

* Premium members only.

The historical data trend for Warehouses Estates Belgium'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.

Warehouses Estates Belgium Interest Coverage Chart

Warehouses Estates Belgium Annual Data
Trend Sep15 Sep16 Sep17 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.02 7.72 3.09 2.71 3.60

Warehouses Estates Belgium Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.81 2.50 2.93 3.31 3.93

STU:WPK vs VICI, WPC, BNL: Interest Coverage Comparison

For the REIT - Diversified subindustry, Warehouses Estates Belgium'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.


Warehouses Estates Belgium Interest Coverage vs REITs Industry

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

* The bar in red indicates where Warehouses Estates Belgium's Interest Coverage falls into.


STU:WPK
71GF Score
Warehouses Estates Belgium SA STU:WPK
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warehouses Estates Belgium 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.

Warehouses Estates Belgium'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, Warehouses Estates Belgium's Interest Expense was €-5.59 Mil. Its Operating Income was €20.11 Mil. And its Long-Term Debt & Capital Lease Obligation was €145.68 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*20.111/-5.586
=3.60

Warehouses Estates Belgium's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Warehouses Estates Belgium's Interest Expense was €-2.63 Mil. Its Operating Income was €10.34 Mil. And its Long-Term Debt & Capital Lease Obligation was €145.68 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*10.335/-2.632
=3.93

* 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 3.93 mean?
Warehouses Estates Belgium (STU:WPK) has a Interest Coverage of 3.93 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Warehouses Estates Belgium and its competitors. This is 58% below median its historical median of 9.25. Over the past decade, Warehouses Estates Belgium's Interest Coverage has ranged from 2.71 to 15.18. According to the industry distribution chart, Warehouses Estates Belgium ranks #295 out of 699 companies in the REITs industry, placing it in the top 42.2%.
Is Warehouses Estates Belgium's Interest Coverage too high?
Warehouses Estates Belgium's current Interest Coverage of 3.93 is 58% below median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 15.18. The REITs industry median Interest Coverage is 3.11. Warehouses Estates Belgium's value of 3.93 is 26.4% above this industry median. Based on the distribution chart, Warehouses Estates Belgium ranks #295 out of 699 companies in the REITs industry, which is above the industry midpoint. Overall, Warehouses Estates Belgium has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Warehouses Estates Belgium's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Warehouses Estates Belgium ranks #295 out of 699 companies for Interest Coverage. This puts Warehouses Estates Belgium in the upper half of its industry. The industry median Interest Coverage is 3.11. Warehouses Estates Belgium's value of 3.93 is 26.4% above this benchmark. Historically, Warehouses Estates Belgium's own Interest Coverage has ranged from 2.71 to 15.18 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 3.11, Warehouses Estates Belgium has consistently been above 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. Warehouses Estates Belgium's current Interest Coverage of 3.93 is 26.4% above 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 Warehouses Estates Belgium 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. Warehouses Estates Belgium's current Interest Coverage is 3.93, which is 58% below median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warehouses Estates Belgium stock overvalued right now?
Warehouses Estates Belgium (STU:WPK) has a current Interest Coverage of 3.93. The stock's GF Value™ is €35.23, compared to a current price of €39.60 — trading 12.4% above its estimated fair value. The current Interest Coverage is 3.93, which is 58% below median its 10-year median of 9.25 and 26.4% above the REITs industry median of 3.11. Warehouses Estates Belgium's overall GF Score™ is 71/100 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 Warehouses Estates Belgium (STU:WPK), the current Interest Coverage is 3.93 as of Dec. 2025. 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 Warehouses Estates Belgium (STU:WPK) Overvalued in 2026?

Based on GuruFocus' analysis, Warehouses Estates Belgium stock appears to be overvalued. The current stock price of €39.60 is trading 12.4% above its estimated GF Value™ of €35.23.

Key valuation signals for STU:WPK:

  • Interest Coverage: 3.93 (58% below median its 10-year median of 9.25)
  • GF Value™: €35.23 vs. price of €39.60 (12.4% above fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 26.4% above the REITs median (#295 of 699)

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


Warehouses Estates Belgium Business Description

Industry Real EstateREITs
Other Exchanges 0GID:UKWEB:Belgium
Address 29 Avenue Jean Mermoz, Gosselies, BEL, 6041
Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.
71GF Score

Get the complete analysis for STU:WPK

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

€39.60
Price
€35.23
GF Value