Hankyu Hanshin REIT (TSE:8977) Interest Coverage: 7.39 (As of Nov. 2025) — 10% Below Median


TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円139,900.00
GF Value 円161,504.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT Interest Coverage?

Hankyu Hanshin REIT TSE:8977 +1.16% 58 Interest Coverage is 7.39 as of Nov. 2025, which is 10% below its 10-year median of 8.23. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,504.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 699 REITs companies, Hankyu Hanshin REIT ranks better than 74.39% 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. Hankyu Hanshin REIT's Operating Income for the six months ended in Nov. 2025 was 円2,767 Mil. Hankyu Hanshin REIT's Interest Expense for the six months ended in Nov. 2025 was 円-374 Mil. Hankyu Hanshin REIT's interest coverage for the quarter that ended in Nov. 2025 was 7.39. The higher the ratio, the stronger the company's financial strength is.

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

TSE:8977' s Interest Coverage Range Over the Past 10 Years
Min: 6.22   Med: 8.23   Max: 8.74
Current: 7.71


TSE:8977's Interest Coverage is ranked better than
74.39% of 699 companies
in the REITs industry
Industry Median: 3.11 vs TSE:8977: 7.71

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


Hankyu Hanshin REIT  (TSE:8977) 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 .


Hankyu Hanshin REIT Interest Coverage Related Terms


Hankyu Hanshin REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin REIT Interest Coverage Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.55 8.74 8.66 7.81 7.71

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 8.65 7.91 7.72 8.04 7.39

TSE:8977 vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin 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.


Hankyu Hanshin REIT Interest Coverage vs REITs Industry

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

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


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hankyu Hanshin 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.

Hankyu Hanshin REIT's Interest Coverage for the fiscal year that ended in Nov. 2025 is calculated as

Here, for the fiscal year that ended in Nov. 2025, Hankyu Hanshin REIT's Interest Expense was 円-726 Mil. Its Operating Income was 円5,596 Mil. And its Long-Term Debt & Capital Lease Obligation was 円79,933 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2025 )/Interest Expense (A: Nov. 2025 )
=-1*5595.792/-725.955
=7.71

Hankyu Hanshin REIT's Interest Coverage for the quarter that ended in Nov. 2025 is calculated as

Here, for the six months ended in Nov. 2025, Hankyu Hanshin REIT's Interest Expense was 円-374 Mil. Its Operating Income was 円2,767 Mil. And its Long-Term Debt & Capital Lease Obligation was 円79,933 Mil.

Interest Coverage=-1* Operating Income (Q: Nov. 2025 )/Interest Expense (Q: Nov. 2025 )
=-1*2766.651/-374.141
=7.39

* 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 7.39 mean?
Hankyu Hanshin REIT (TSE:8977) has a Interest Coverage of 7.39 as of Nov. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hankyu Hanshin REIT and its competitors. This is 10% below median its historical median of 8.23. Over the past decade, Hankyu Hanshin REIT's Interest Coverage has ranged from 6.22 to 8.74. According to the industry distribution chart, Hankyu Hanshin REIT ranks #179 out of 699 companies in the REITs industry, placing it in the top 25.6%.
Is Hankyu Hanshin REIT's Interest Coverage too high?
Hankyu Hanshin REIT's current Interest Coverage of 7.39 is 10% below median its 10-year median of 8.23. Over the past 10 years, this metric has ranged from a low of 6.22 to a high of 8.74. The REITs industry median Interest Coverage is 3.11. Hankyu Hanshin REIT's value of 7.39 is 137.6% above this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #179 out of 699 companies in the REITs industry, which is above the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #179 out of 699 companies for Interest Coverage. This puts Hankyu Hanshin REIT in the upper half of its industry. The industry median Interest Coverage is 3.11. Hankyu Hanshin REIT's value of 7.39 is 137.6% above this benchmark. Historically, Hankyu Hanshin REIT's own Interest Coverage has ranged from 6.22 to 8.74 over the past decade. While the company's 10-year median is 8.23 vs. the industry median of 3.11, Hankyu Hanshin 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. Hankyu Hanshin REIT's current Interest Coverage of 7.39 is 137.6% 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 Hankyu Hanshin 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. Hankyu Hanshin REIT's current Interest Coverage is 7.39, which is 10% below median its own 10-year median of 8.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current Interest Coverage is 7.39, which is 10% below median its 10-year median of 8.23 and 137.6% above the REITs industry median of 3.11. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current Interest Coverage is 7.39 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • Interest Coverage: 7.39 (10% below median its 10-year median of 8.23)
  • GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 137.6% above the REITs median (#179 of 699)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

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

円139,900.00
Price
円161,504.99
GF Value