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. Nippon Prologis REIT's
Operating Income
for the
six
months ended in Nov. 2025 was 円16,844 Mil. Nippon Prologis REIT's Interest Expense for the
six
months ended in Nov. 2025 was 円-1,316 Mil.
Nippon Prologis REIT's interest coverage for the quarter that ended in Nov. 2025 was 12.80.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nippon Prologis REIT's Interest Coverage or its related term are showing as below:
TSE:3283'
s Interest Coverage Range Over the Past 10 Years
Min: 8.36 Med: 16.36 Max: 19.8
Current: 13.46
TSE:3283's Interest Coverage is ranked better than 81.18% of 696
companies
in the REITs industry
Industry Median: 3.115
vs TSE:3283: 13.46
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 .
Nippon Prologis REIT Interest Coverage Related Terms
Nippon Prologis REIT Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nippon Prologis 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:3283 vs PLD, PSA, EXR: Interest Coverage Comparison
For the REIT - Industrial subindustry, Nippon Prologis 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.
Nippon Prologis REIT Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nippon Prologis 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.
Nippon Prologis REIT (TSE:3283) has a Interest Coverage of 12.80 as of Nov. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nippon Prologis REIT and its competitors. This is 22% below median its historical median of 16.36. Over the past decade, Nippon Prologis REIT's Interest Coverage has ranged from 8.36 to 19.80. According to the industry distribution chart, Nippon Prologis REIT ranks #131 out of 696 companies in the REITs industry, placing it in the top 18.8%.
Is Nippon Prologis REIT's Interest Coverage too high?
Nippon Prologis REIT's current Interest Coverage of 12.80 is 22% below median its 10-year median of 16.36. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 19.80. The REITs industry median Interest Coverage is 3.12. Nippon Prologis REIT's value of 12.80 is 310.9% above this industry median. Based on the distribution chart, Nippon Prologis REIT ranks #131 out of 696 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Prologis 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 Nippon Prologis REIT's Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #131 out of 696 companies for Interest Coverage. This places Nippon Prologis REIT in the top 19% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.12. Nippon Prologis REIT's value of 12.80 is 310.9% above this benchmark. Historically, Nippon Prologis REIT's own Interest Coverage has ranged from 8.36 to 19.80 over the past decade. While the company's 10-year median is 16.36 vs. the industry median of 3.12, Nippon Prologis 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 696 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. Nippon Prologis REIT's current Interest Coverage of 12.80 is 310.9% 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 Nippon Prologis 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. Nippon Prologis REIT's current Interest Coverage is 12.80, which is 22% below median its own 10-year median of 16.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Based on GuruFocus' analysis, Nippon Prologis REIT (TSE:3283) is currently considered Fairly Valued. The stock's GF Value™ is 円93,127.19, compared to a current price of 円87,700.00 — trading 5.8% below its estimated fair value. The current Interest Coverage is 12.80, which is 22% below median its 10-year median of 16.36 and 310.9% above the REITs industry median of 3.12. Nippon Prologis REIT's overall GF Score™ is 71/100 with 7 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 Nippon Prologis REIT (TSE:3283), the current Interest Coverage is 12.80 as of Nov. 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 Nippon Prologis REIT (TSE:3283) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be undervalued.
The current stock price of 円87,700.00 is trading 5.8% below its estimated GF Value™ of 円93,127.19.
GuruFocus considers Nippon Prologis REIT to be Fairly Valued.
Key valuation signals for TSE:3283:
Interest Coverage: 12.80 (22% below median its 10-year median of 16.36)
GF Value™: 円93,127.19 vs. price of 円87,700.00 (5.8% below fair value)
Industry Position: 310.9% above the REITs median (#131 of 696)
No single metric tells the full story. See the TSE:3283 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
71GF Score
Get the complete analysis for TSE:3283
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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