Tosei Reit Investment (TSE:3451) Interest Coverage: 6.72 (As of Apr. 2026) — 24% Below Median


TSE:3451 Tosei Reit Investment Corp TSE:3451
62 GF Score
Price 円134,600.00
GF Value 円142,553.07
Valuation Fairly Valued
! 5 Warning Signs
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What is Tosei Reit Investment Interest Coverage?

Tosei Reit Investment TSE:3451 +1.36% 62 Interest Coverage is 6.72 as of Apr. 2026, which is 24% below its 10-year median of 8.82. GuruFocus rates TSE:3451 with a GF Score™ of 62/100 and a GF Value™ of 円142,553.07 (Fairly Valued). The stock has 5 warning signs investors should review. Among 699 REITs companies, Tosei Reit Investment ranks better than 71.67% 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. Tosei Reit Investment's Operating Income for the six months ended in Apr. 2026 was 円1,832 Mil. Tosei Reit Investment's Interest Expense for the six months ended in Apr. 2026 was 円-273 Mil. Tosei Reit Investment's interest coverage for the quarter that ended in Apr. 2026 was 6.72. The higher the ratio, the stronger the company's financial strength is.

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

TSE:3451' s Interest Coverage Range Over the Past 10 Years
Min: 6.93   Med: 8.82   Max: 12.22
Current: 6.93


TSE:3451's Interest Coverage is ranked better than
71.67% of 699 companies
in the REITs industry
Industry Median: 3.11 vs TSE:3451: 6.93

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


Tosei Reit Investment  (TSE:3451) 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 .


Tosei Reit Investment Interest Coverage Related Terms


Tosei Reit Investment Interest Coverage Historical Data

* Premium members only.

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Interest Coverage Chart

Tosei Reit Investment 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 8.62 8.03 7.99 7.87 7.32

Tosei Reit Investment 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 7.96 7.78 7.50 7.15 6.72

TSE:3451 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment Interest Coverage vs REITs Industry

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

* The bar in red indicates where Tosei Reit Investment's Interest Coverage falls into.


TSE:3451
62GF Score
Tosei Reit Investment Corp TSE:3451
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tosei Reit Investment 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.

Tosei Reit Investment'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, Tosei Reit Investment's Interest Expense was 円-486 Mil. Its Operating Income was 円3,557 Mil. And its Long-Term Debt & Capital Lease Obligation was 円34,600 Mil.

Interest Coverage=-1* Operating Income (A: Oct. 2025 )/Interest Expense (A: Oct. 2025 )
=-1*3557.068/-486.094
=7.32

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

Here, for the six months ended in Apr. 2026, Tosei Reit Investment's Interest Expense was 円-273 Mil. Its Operating Income was 円1,832 Mil. And its Long-Term Debt & Capital Lease Obligation was 円34,700 Mil.

Interest Coverage=-1* Operating Income (Q: Apr. 2026 )/Interest Expense (Q: Apr. 2026 )
=-1*1832.455/-272.65
=6.72

* 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 6.72 mean?
Tosei Reit Investment (TSE:3451) has a Interest Coverage of 6.72 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tosei Reit Investment and its competitors. This is 24% below median its historical median of 8.82. Over the past decade, Tosei Reit Investment's Interest Coverage has ranged from 6.93 to 12.22. According to the industry distribution chart, Tosei Reit Investment ranks #198 out of 699 companies in the REITs industry, placing it in the top 28.3%.
Is Tosei Reit Investment's Interest Coverage too high?
Tosei Reit Investment's current Interest Coverage of 6.72 is 24% below median its 10-year median of 8.82. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 12.22. The REITs industry median Interest Coverage is 3.11. Tosei Reit Investment's value of 6.72 is 116.1% above this industry median. Based on the distribution chart, Tosei Reit Investment ranks #198 out of 699 companies in the REITs industry, which is above the industry midpoint. Overall, Tosei Reit Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #198 out of 699 companies for Interest Coverage. This puts Tosei Reit Investment in the upper half of its industry. The industry median Interest Coverage is 3.11. Tosei Reit Investment's value of 6.72 is 116.1% above this benchmark. Historically, Tosei Reit Investment's own Interest Coverage has ranged from 6.93 to 12.22 over the past decade. While the company's 10-year median is 8.82 vs. the industry median of 3.11, Tosei Reit Investment 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. Tosei Reit Investment's current Interest Coverage of 6.72 is 116.1% 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 Tosei Reit Investment 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. Tosei Reit Investment's current Interest Coverage is 6.72, which is 24% below median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,553.07, compared to a current price of 円134,600.00 — trading 5.6% below its estimated fair value. The current Interest Coverage is 6.72, which is 24% below median its 10-year median of 8.82 and 116.1% above the REITs industry median of 3.11. Tosei Reit Investment's overall GF Score™ is 62/100 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 Tosei Reit Investment (TSE:3451), the current Interest Coverage is 6.72 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued. The current stock price of 円134,600.00 is trading 5.6% below its estimated GF Value™ of 円142,553.07. GuruFocus considers Tosei Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3451:

  • Interest Coverage: 6.72 (24% below median its 10-year median of 8.82)
  • GF Value™: 円142,553.07 vs. price of 円134,600.00 (5.6% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 116.1% above the REITs median (#198 of 699)

No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tosei Reit Investment Business Description

Industry Real EstateREITs
Address 4-5-4 Shibaura, Tamachi Tosei Building, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
62GF Score

Get the complete analysis for TSE:3451

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

円134,600.00
Price
円142,553.07
GF Value