GLP J-REITTSE:3281 -0.72%71 Interest Coverage is 11.39 as of Feb. 2026, which is 9% below its 10-year median of 12.51. GuruFocus rates TSE:3281 with a GF Score™ of 71/100 and a GF Value™ of 円145,856.74 (Fairly Valued). The stock has 6 warning signs investors should review. Among 701 REITs companies, GLP J-REIT ranks better than 79.89% 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. GLP J-REIT's
Operating Income
for the
six
months ended in Feb. 2026 was 円16,482 Mil. GLP J-REIT's Interest Expense for the
six
months ended in Feb. 2026 was 円-1,447 Mil.
GLP J-REIT's interest coverage for the quarter that ended in Feb. 2026 was 11.39.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for GLP J-REIT's Interest Coverage or its related term are showing as below:
TSE:3281'
s Interest Coverage Range Over the Past 10 Years
Min: 7.73 Med: 12.51 Max: 15.04
Current: 11.99
TSE:3281's Interest Coverage is ranked better than 79.89% of 701
companies
in the REITs industry
Industry Median: 3.12
vs TSE:3281: 11.99
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 .
GLP J-REIT Interest Coverage Related Terms
GLP J-REIT Interest Coverage Historical Data
* Premium members only.
The historical data trend for GLP J-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.
TSE:3281 vs PLD, PSA, EXR: Interest Coverage Comparison
For the REIT - Industrial subindustry, GLP J-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.
GLP J-REIT Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, GLP J-REIT's Interest Coverage distribution charts can be found below:
* The bar in red indicates where GLP J-REIT'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.
GLP J-REIT (TSE:3281) has a Interest Coverage of 11.39 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on GLP J-REIT and its competitors. This is near median its historical median of 12.51. Over the past decade, GLP J-REIT's Interest Coverage has ranged from 7.73 to 15.04. According to the industry distribution chart, GLP J-REIT ranks #141 out of 701 companies in the REITs industry, placing it in the top 20.1%.
Is GLP J-REIT's Interest Coverage too high?
GLP J-REIT's current Interest Coverage of 11.39 is near median its 10-year median of 12.51. Over the past 10 years, this metric has ranged from a low of 7.73 to a high of 15.04. The REITs industry median Interest Coverage is 3.12. GLP J-REIT's value of 11.39 is 265.1% above this industry median. Based on the distribution chart, GLP J-REIT ranks #141 out of 701 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, GLP J-REIT has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, GLP J-REIT ranks #141 out of 701 companies for Interest Coverage. This places GLP J-REIT in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.12. GLP J-REIT's value of 11.39 is 265.1% above this benchmark. Historically, GLP J-REIT's own Interest Coverage has ranged from 7.73 to 15.04 over the past decade. While the company's 10-year median is 12.51 vs. the industry median of 3.12, GLP J-REIT 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 3.12, based on 701 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. GLP J-REIT's current Interest Coverage of 11.39 is 265.1% 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 GLP J-REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GLP J-REIT's current Interest Coverage is 11.39, which is near median its own 10-year median of 12.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GLP J-REIT stock overvalued right now?
Based on GuruFocus' analysis, GLP J-REIT (TSE:3281) is currently considered Fairly Valued. The stock's GF Value™ is 円145,856.74, compared to a current price of 円137,400.00 — trading 5.8% below its estimated fair value. The current Interest Coverage is 11.39, which is near median its 10-year median of 12.51 and 265.1% above the REITs industry median of 3.12. GLP J-REIT's overall GF Score™ is 71/100 with 6 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 GLP J-REIT (TSE:3281), the current Interest Coverage is 11.39 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 GLP J-REIT (TSE:3281) Overvalued in 2026?
Based on GuruFocus' analysis, GLP J-REIT stock appears to be undervalued.
The current stock price of 円137,400.00 is trading 5.8% below its estimated GF Value™ of 円145,856.74.
GuruFocus considers GLP J-REIT to be Fairly Valued.
Key valuation signals for TSE:3281:
Interest Coverage: 11.39 (near median its 10-year median of 12.51)
GF Value™: 円145,856.74 vs. price of 円137,400.00 (5.8% below fair value)
Industry Position: 265.1% above the REITs median (#141 of 701)
No single metric tells the full story. See the TSE:3281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.
71GF Score
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