Madison Pacific Properties (TSX:MPC) Interest Coverage: 1.76 (As of Mar. 2026) — 19% Below Median


TSX:MPC Madison Pacific Properties Inc TSX:MPC
68 GF Score
Price C$4.90
GF Value C$5.82
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Madison Pacific Properties Interest Coverage?

Madison Pacific Properties TSX:MPC 68 Interest Coverage is 1.76 as of Mar. 2026, which is 19% below its 10-year median of 2.16. GuruFocus rates TSX:MPC with a GF Score™ of 68/100 and a GF Value™ of C$5.82 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,296 Real Estate companies, Madison Pacific Properties ranks worse than 75.31% 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. Madison Pacific Properties's Operating Income for the three months ended in Mar. 2026 was C$7.36 Mil. Madison Pacific Properties's Interest Expense for the three months ended in Mar. 2026 was C$-4.19 Mil. Madison Pacific Properties's interest coverage for the quarter that ended in Mar. 2026 was 1.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Madison Pacific Properties's Interest Coverage or its related term are showing as below:

TSX:MPC' s Interest Coverage Range Over the Past 10 Years
Min: 0.95   Med: 2.16   Max: 2.82
Current: 1.68


TSX:MPC's Interest Coverage is ranked worse than
75.31% of 1296 companies
in the Real Estate industry
Industry Median: 4.245 vs TSX:MPC: 1.68

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


Madison Pacific Properties  (TSX:MPC) 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 .


Madison Pacific Properties Interest Coverage Related Terms


Madison Pacific Properties Interest Coverage Historical Data

* Premium members only.

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties Interest Coverage Chart

Madison Pacific Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 2.11 1.94 0.95 1.69

Madison Pacific Properties Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.79 1.65 1.71 1.62 1.76

TSX:MPC vs CBRE, BEKE: Interest Coverage Comparison

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Madison Pacific Properties's Interest Coverage falls into.


TSX:MPC
68GF Score
Madison Pacific Properties Inc TSX:MPC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madison Pacific Properties 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.

Madison Pacific Properties's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Madison Pacific Properties's Interest Expense was C$-15.91 Mil. Its Operating Income was C$26.85 Mil. And its Long-Term Debt & Capital Lease Obligation was C$230.29 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*26.851/-15.908
=1.69

Madison Pacific Properties's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Madison Pacific Properties's Interest Expense was C$-4.19 Mil. Its Operating Income was C$7.36 Mil. And its Long-Term Debt & Capital Lease Obligation was C$272.70 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.357/-4.192
=1.76

* 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 1.76 mean?
Madison Pacific Properties (TSX:MPC) has a Interest Coverage of 1.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Madison Pacific Properties and its competitors. This is 19% below median its historical median of 2.16. Over the past decade, Madison Pacific Properties' Interest Coverage has ranged from 0.95 to 2.82. According to the industry distribution chart, Madison Pacific Properties ranks #976 out of 1296 companies in the Real Estate industry, placing it in the top 75.3%.
Is Madison Pacific Properties' Interest Coverage too high?
Madison Pacific Properties' current Interest Coverage of 1.76 is 19% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.82. The Real Estate industry median Interest Coverage is 4.25. Madison Pacific Properties' value of 1.76 is 58.5% below this industry median. Based on the distribution chart, Madison Pacific Properties ranks #976 out of 1296 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Madison Pacific Properties has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Pacific Properties' Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Madison Pacific Properties ranks #976 out of 1296 companies for Interest Coverage. This places Madison Pacific Properties in the lower half of its industry. The industry median Interest Coverage is 4.25. Madison Pacific Properties' value of 1.76 is 58.5% below this benchmark. Historically, Madison Pacific Properties' own Interest Coverage has ranged from 0.95 to 2.82 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 4.25, Madison Pacific Properties has consistently been below 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,296 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. Madison Pacific Properties's current Interest Coverage of 1.76 is 58.5% below 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 Madison Pacific Properties and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Pacific Properties's current Interest Coverage is 1.76, which is 19% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Madison Pacific Properties (TSX:MPC) is currently considered Modestly Undervalued. The stock's GF Value™ is C$5.82, compared to a current price of C$4.90 — trading 15.8% below its estimated fair value. The current Interest Coverage is 1.76, which is 19% below median its 10-year median of 2.16 and 58.5% below the Real Estate industry median of 4.25. Madison Pacific Properties' overall GF Score™ is 68/100 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 Madison Pacific Properties (TSX:MPC), the current Interest Coverage is 1.76 as of Mar. 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 Madison Pacific Properties (TSX:MPC) Overvalued in 2026?

Based on GuruFocus' analysis, Madison Pacific Properties stock appears to be undervalued. The current stock price of C$4.90 is trading 15.8% below its estimated GF Value™ of C$5.82. GuruFocus considers Madison Pacific Properties to be Modestly Undervalued.

Key valuation signals for TSX:MPC:

  • Interest Coverage: 1.76 (19% below median its 10-year median of 2.16)
  • GF Value™: C$5.82 vs. price of C$4.90 (15.8% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 58.5% below the Real Estate median (#976 of 1296)

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


Madison Pacific Properties Business Description

Other Exchanges MPC.C:Canada
Address 389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates industrial, commercial, multifamily, retail, and office rental properties located in Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment, that being the rental of industrial, commercial, multi-family, retail, and office real estate properties located in Canada. The company derives its revenue from rental operations and property management.
68GF Score

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

C$4.90
Price
C$5.82
GF Value