Retail Estates (XAMS:RET) Interest Coverage: 3.28 (As of Mar. 2026) — 23% Below Median


What is Retail Estates Interest Coverage?

Retail Estates XAMS:RET 75 Interest Coverage is 3.28 as of Mar. 2026, which is 23% below its 10-year median of 4.27. GuruFocus rates XAMS:RET with a GF Score™ of 75/100. The stock has 9 warning signs investors should review. Among 700 REITs companies, Retail Estates ranks better than 61.29% 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. Retail Estates's Operating Income for the six months ended in Mar. 2026 was €59.74 Mil. Retail Estates's Interest Expense for the six months ended in Mar. 2026 was €-18.23 Mil. Retail Estates's interest coverage for the quarter that ended in Mar. 2026 was 3.28. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Retail Estates SA interest coverage is 4.14, which is low.

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

XAMS:RET' s Interest Coverage Range Over the Past 10 Years
Min: 3.15   Med: 4.27   Max: 5.31
Current: 4.14


XAMS:RET's Interest Coverage is ranked better than
61.29% of 700 companies
in the REITs industry
Industry Median: 3.095 vs XAMS:RET: 4.14

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


Retail Estates  (XAMS:RET) 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 .


Retail Estates Interest Coverage Related Terms


Retail Estates Interest Coverage Historical Data

* Premium members only.

The historical data trend for Retail Estates'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.

Retail Estates Interest Coverage Chart

Retail Estates Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.24 5.31 5.15 3.21 4.14

Retail Estates Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.84 5.52 2.27 5.68 3.28

XAMS:RET vs SPG, O, KIM: Interest Coverage Comparison

For the REIT - Retail subindustry, Retail Estates'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.


Retail Estates Interest Coverage vs REITs Industry

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

* The bar in red indicates where Retail Estates's Interest Coverage falls into.



Retail Estates 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.

Retail Estates's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Retail Estates's Interest Expense was €-28.48 Mil. Its Operating Income was €118.04 Mil. And its Long-Term Debt & Capital Lease Obligation was €668.53 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*118.041/-28.483
=4.14

Retail Estates's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Retail Estates's Interest Expense was €-18.23 Mil. Its Operating Income was €59.74 Mil. And its Long-Term Debt & Capital Lease Obligation was €668.53 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*59.736/-18.225
=3.28

* 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 3.28 mean?
Retail Estates (XAMS:RET) has a Interest Coverage of 3.28 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Retail Estates and its competitors. This is 23% below median its historical median of 4.27. Over the past decade, Retail Estates' Interest Coverage has ranged from 3.15 to 5.31. According to the industry distribution chart, Retail Estates ranks #271 out of 700 companies in the REITs industry, placing it in the top 38.7%.
Is Retail Estates' Interest Coverage too high?
Retail Estates' current Interest Coverage of 3.28 is 23% below median its 10-year median of 4.27. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 5.31. The REITs industry median Interest Coverage is 3.10. Retail Estates' value of 3.28 is 6% above this industry median. Based on the distribution chart, Retail Estates ranks #271 out of 700 companies in the REITs industry, which is above the industry midpoint. Overall, Retail Estates has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #271 out of 700 companies for Interest Coverage. This puts Retail Estates in the upper half of its industry. The industry median Interest Coverage is 3.10. Retail Estates' value of 3.28 is 6% above this benchmark. Historically, Retail Estates' own Interest Coverage has ranged from 3.15 to 5.31 over the past decade. While the company's 10-year median is 4.27 vs. the industry median of 3.10, Retail Estates 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 3.10, based on 700 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. Retail Estates's current Interest Coverage of 3.28 is 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 Retail Estates and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retail Estates's current Interest Coverage is 3.28, which is 23% below median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Retail Estates (XAMS:RET) has a current Interest Coverage of 3.28. The current Interest Coverage is 3.28, which is 23% below median its 10-year median of 4.27 and 6% above the REITs industry median of 3.10. Retail Estates' overall GF Score™ is 75/100 with 9 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 Retail Estates (XAMS:RET), the current Interest Coverage is 3.28 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.

Retail Estates Business Description

Industry Real EstateREITs
Address Industrielaan 6, Ternat, BEL, 1740
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.