Fukuoka REIT (TSE:8968) Interest Coverage: 11.66 (As of Feb. 2026) — Near Median


TSE:8968 Fukuoka REIT Corp TSE:8968
64 GF Score
Price 円172,400.00
GF Value 円177,136.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Fukuoka REIT Interest Coverage?

Fukuoka REIT TSE:8968 -0.12% 64 Interest Coverage is 11.66 as of Feb. 2026, which is 2% above its 10-year median of 11.42. GuruFocus rates TSE:8968 with a GF Score™ of 64/100 and a GF Value™ of 円177,136.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 701 REITs companies, Fukuoka REIT ranks better than 79.74% 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. Fukuoka REIT's Operating Income for the six months ended in Feb. 2026 was 円4,488 Mil. Fukuoka REIT's Interest Expense for the six months ended in Feb. 2026 was 円-385 Mil. Fukuoka REIT's interest coverage for the quarter that ended in Feb. 2026 was 11.66. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Fukuoka REIT's Interest Coverage or its related term are showing as below:

TSE:8968' s Interest Coverage Range Over the Past 10 Years
Min: 7.87   Med: 11.42   Max: 13.45
Current: 11.76


TSE:8968's Interest Coverage is ranked better than
79.74% of 701 companies
in the REITs industry
Industry Median: 3.12 vs TSE:8968: 11.76

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


Fukuoka REIT  (TSE:8968) 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 .


Fukuoka REIT Interest Coverage Related Terms


Fukuoka REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Fukuoka 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.

Fukuoka REIT Interest Coverage Chart

Fukuoka REIT Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.27 11.01 11.57 11.80 10.85

Fukuoka REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 10.85 10.85 12.74 11.86 11.66

TSE:8968 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Fukuoka 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.


Fukuoka REIT Interest Coverage vs REITs Industry

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

* The bar in red indicates where Fukuoka REIT's Interest Coverage falls into.


TSE:8968
64GF Score
Fukuoka REIT Corp TSE:8968
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukuoka 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.

Fukuoka REIT's Interest Coverage for the fiscal year that ended in Aug. 2024 is calculated as

Here, for the fiscal year that ended in Aug. 2024, Fukuoka REIT's Interest Expense was 円-676 Mil. Its Operating Income was 円7,329 Mil. And its Long-Term Debt & Capital Lease Obligation was 円92,450 Mil.

Interest Coverage=-1* Operating Income (A: Aug. 2024 )/Interest Expense (A: Aug. 2024 )
=-1*7328.858/-675.782
=10.85

Fukuoka REIT's Interest Coverage for the quarter that ended in Feb. 2026 is calculated as

Here, for the six months ended in Feb. 2026, Fukuoka REIT's Interest Expense was 円-385 Mil. Its Operating Income was 円4,488 Mil. And its Long-Term Debt & Capital Lease Obligation was 円83,850 Mil.

Interest Coverage=-1* Operating Income (Q: Feb. 2026 )/Interest Expense (Q: Feb. 2026 )
=-1*4487.666/-384.719
=11.66

* 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 11.66 mean?
Fukuoka REIT (TSE:8968) has a Interest Coverage of 11.66 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fukuoka REIT and its competitors. This is near median its historical median of 11.42. Over the past decade, Fukuoka REIT's Interest Coverage has ranged from 7.87 to 13.45. According to the industry distribution chart, Fukuoka REIT ranks #142 out of 701 companies in the REITs industry, placing it in the top 20.3%.
Is Fukuoka REIT's Interest Coverage too high?
Fukuoka REIT's current Interest Coverage of 11.66 is near median its 10-year median of 11.42. Over the past 10 years, this metric has ranged from a low of 7.87 to a high of 13.45. The REITs industry median Interest Coverage is 3.12. Fukuoka REIT's value of 11.66 is 273.7% above this industry median. Based on the distribution chart, Fukuoka REIT ranks #142 out of 701 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fukuoka REIT has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukuoka REIT's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Fukuoka REIT ranks #142 out of 701 companies for Interest Coverage. This places Fukuoka REIT in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.12. Fukuoka REIT's value of 11.66 is 273.7% above this benchmark. Historically, Fukuoka REIT's own Interest Coverage has ranged from 7.87 to 13.45 over the past decade. While the company's 10-year median is 11.42 vs. the industry median of 3.12, Fukuoka 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. Fukuoka REIT's current Interest Coverage of 11.66 is 273.7% 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 Fukuoka 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. Fukuoka REIT's current Interest Coverage is 11.66, which is near median its own 10-year median of 11.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuoka REIT stock overvalued right now?
Based on GuruFocus' analysis, Fukuoka REIT (TSE:8968) is currently considered Fairly Valued. The stock's GF Value™ is 円177,136.95, compared to a current price of 円172,400.00 — trading 2.7% below its estimated fair value. The current Interest Coverage is 11.66, which is near median its 10-year median of 11.42 and 273.7% above the REITs industry median of 3.12. Fukuoka REIT's overall GF Score™ is 64/100 with 4 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 Fukuoka REIT (TSE:8968), the current Interest Coverage is 11.66 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 Fukuoka REIT (TSE:8968) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuoka REIT stock appears to be undervalued. The current stock price of 円172,400.00 is trading 2.7% below its estimated GF Value™ of 円177,136.95. GuruFocus considers Fukuoka REIT to be Fairly Valued.

Key valuation signals for TSE:8968:

  • Interest Coverage: 11.66 (near median its 10-year median of 11.42)
  • GF Value™: 円177,136.95 vs. price of 円172,400.00 (2.7% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 273.7% above the REITs median (#142 of 701)

No single metric tells the full story. See the TSE:8968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukuoka REIT Business Description

Industry Real EstateREITs
Address 1-2-25 Sumiyoshi, Hakata, Fukuoka, JPN, 812-0018
Fukuoka REIT Corp is an REIT based in Japan. The company manages a portfolio with a focus on entertainment retail facilities and office buildings in the Fukuoka metropolitan area and other neighbouring areas in the Kyushu region. Fukuoka REIT's asset manager, Fukuoka Realty, provides real estate management, acquisition, arrangement of new property, fundraising, and other operations under contracts. The firm diversifies in retail, office buildings, and other types of property, including residences, hotels, logistics facilities, and public and other facilities. Retail property represents more than half of the portfolio assets.
64GF Score

Get the complete analysis for TSE:8968

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

円172,400.00
Price
円177,136.95
GF Value