Sekisui House Reit (TSE:3309) Interest Coverage: 10.23 (As of Apr. 2026) — Near Median


TSE:3309 Sekisui House Reit Inc TSE:3309
78 GF Score
Price 円76,100.00
GF Value 円84,093.82
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Sekisui House Reit Interest Coverage?

Sekisui House Reit TSE:3309 +0.53% 78 Interest Coverage is 10.23 as of Apr. 2026, which is 4% below its 10-year median of 10.66. GuruFocus rates TSE:3309 with a GF Score™ of 78/100 and a GF Value™ of 円84,093.82 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 699 REITs companies, Sekisui House Reit ranks better than 77.97% 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. Sekisui House Reit's Operating Income for the six months ended in Apr. 2026 was 円13,527 Mil. Sekisui House Reit's Interest Expense for the six months ended in Apr. 2026 was 円-1,322 Mil. Sekisui House Reit's interest coverage for the quarter that ended in Apr. 2026 was 10.23. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sekisui House Reit's Interest Coverage or its related term are showing as below:

TSE:3309' s Interest Coverage Range Over the Past 10 Years
Min: 8.82   Med: 10.66   Max: 12.09
Current: 9.88


TSE:3309's Interest Coverage is ranked better than
77.97% of 699 companies
in the REITs industry
Industry Median: 3.11 vs TSE:3309: 9.88

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


Sekisui House Reit  (TSE:3309) 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 .


Sekisui House Reit Interest Coverage Related Terms


Sekisui House Reit Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sekisui House 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.

Sekisui House Reit Interest Coverage Chart

Sekisui House Reit Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.09 11.19 10.57 11.90 10.37

Sekisui House Reit Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 12.53 11.40 11.40 9.48 10.23

TSE:3309 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Sekisui House 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.


Sekisui House Reit Interest Coverage vs REITs Industry

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

* The bar in red indicates where Sekisui House Reit's Interest Coverage falls into.


TSE:3309
78GF Score
Sekisui House Reit Inc TSE:3309
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sekisui House 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.

Sekisui House Reit's Interest Coverage for the fiscal year that ended in Oct. 2025 is calculated as

Here, for the fiscal year that ended in Oct. 2025, Sekisui House Reit's Interest Expense was 円-2,129 Mil. Its Operating Income was 円22,075 Mil. And its Long-Term Debt & Capital Lease Obligation was 円225,502 Mil.

Interest Coverage=-1* Operating Income (A: Oct. 2025 )/Interest Expense (A: Oct. 2025 )
=-1*22075.037/-2128.676
=10.37

Sekisui House Reit's Interest Coverage for the quarter that ended in Apr. 2026 is calculated as

Here, for the six months ended in Apr. 2026, Sekisui House Reit's Interest Expense was 円-1,322 Mil. Its Operating Income was 円13,527 Mil. And its Long-Term Debt & Capital Lease Obligation was 円244,805 Mil.

Interest Coverage=-1* Operating Income (Q: Apr. 2026 )/Interest Expense (Q: Apr. 2026 )
=-1*13526.995/-1322.336
=10.23

* 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 10.23 mean?
Sekisui House Reit (TSE:3309) has a Interest Coverage of 10.23 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sekisui House Reit and its competitors. This is near median its historical median of 10.66. Over the past decade, Sekisui House Reit's Interest Coverage has ranged from 8.82 to 12.09. According to the industry distribution chart, Sekisui House Reit ranks #154 out of 699 companies in the REITs industry, placing it in the top 22%.
Is Sekisui House Reit's Interest Coverage too high?
Sekisui House Reit's current Interest Coverage of 10.23 is near median its 10-year median of 10.66. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 12.09. The REITs industry median Interest Coverage is 3.11. Sekisui House Reit's value of 10.23 is 228.9% above this industry median. Based on the distribution chart, Sekisui House Reit ranks #154 out of 699 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Sekisui House Reit has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sekisui House Reit's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Sekisui House Reit ranks #154 out of 699 companies for Interest Coverage. This places Sekisui House Reit in the top 22% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.11. Sekisui House Reit's value of 10.23 is 228.9% above this benchmark. Historically, Sekisui House Reit's own Interest Coverage has ranged from 8.82 to 12.09 over the past decade. While the company's 10-year median is 10.66 vs. the industry median of 3.11, Sekisui House 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 3.11, 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. Sekisui House Reit's current Interest Coverage of 10.23 is 228.9% 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 Sekisui House 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. Sekisui House Reit's current Interest Coverage is 10.23, which is near median its own 10-year median of 10.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sekisui House Reit stock overvalued right now?
Based on GuruFocus' analysis, Sekisui House Reit (TSE:3309) is currently considered Modestly Undervalued. The stock's GF Value™ is 円84,093.82, compared to a current price of 円76,100.00 — trading 9.5% below its estimated fair value. The current Interest Coverage is 10.23, which is near median its 10-year median of 10.66 and 228.9% above the REITs industry median of 3.11. Sekisui House Reit's overall GF Score™ is 78/100 with 5 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 Sekisui House Reit (TSE:3309), the current Interest Coverage is 10.23 as of Apr. 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 Sekisui House Reit (TSE:3309) Overvalued in 2026?

Based on GuruFocus' analysis, Sekisui House Reit stock appears to be undervalued. The current stock price of 円76,100.00 is trading 9.5% below its estimated GF Value™ of 円84,093.82. GuruFocus considers Sekisui House Reit to be Modestly Undervalued.

Key valuation signals for TSE:3309:

  • Interest Coverage: 10.23 (near median its 10-year median of 10.66)
  • GF Value™: 円84,093.82 vs. price of 円76,100.00 (9.5% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 228.9% above the REITs median (#154 of 699)

No single metric tells the full story. See the TSE:3309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sekisui House Reit Business Description

Industry Real EstateREITs
Address 4-15-1 Akasaka, Minato-ku, Tokyo, JPN, 107-0051
Sekisui House Reit Inc is a Japan-based company that operates as a real estate investment trust. The company invests in commercial properties predominantly in office and commercial buildings, hotels, and retail properties located in the Tokyo Metropolitan Areas, Osaka, and Nagoya areas. The asset manager of the company is a subsidiary of Sekisui House, Ltd.
78GF Score

Get the complete analysis for TSE:3309

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

円76,100.00
Price
円84,093.82
GF Value