FairPlay Properties REIT (XBUL:FPP) Interest Coverage: 31.62 (As of Mar. 2026) — 79% Above Median

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XBUL:FPP FairPlay Properties REIT XBUL:FPP
72 GF Score
Price €0.59
GF Value €4.45
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is FairPlay Properties REIT Interest Coverage?

FairPlay Properties REIT XBUL:FPP +12.50% 72 Interest Coverage is 31.62 as of Mar. 2026, which is 79% above its 10-year median of 17.65. GuruFocus rates XBUL:FPP with a GF Score™ of 72/100 and a GF Value™ of €4.45 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 697 REITs companies, FairPlay Properties REIT ranks better than 85.94% 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. FairPlay Properties REIT's Operating Income for the three months ended in Mar. 2026 was €1.33 Mil. FairPlay Properties REIT's Interest Expense for the three months ended in Mar. 2026 was €-0.04 Mil. FairPlay Properties REIT's interest coverage for the quarter that ended in Mar. 2026 was 31.62. The higher the ratio, the stronger the company's financial strength is.

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

XBUL:FPP' s Interest Coverage Range Over the Past 10 Years
Min: 7.04   Med: 17.65   Max: 115.81
Current: 115.81


XBUL:FPP's Interest Coverage is ranked better than
85.94% of 697 companies
in the REITs industry
Industry Median: 3.12 vs XBUL:FPP: 115.81

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


FairPlay Properties REIT  (XBUL:FPP) 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 .


FairPlay Properties REIT Interest Coverage Related Terms


FairPlay Properties REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for FairPlay Properties 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.

FairPlay Properties REIT Interest Coverage Chart

FairPlay Properties REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.86 9.37 7.04 10.16 97.58

FairPlay Properties REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 12.27 290.83 17.30 20.25 31.62

XBUL:FPP vs VICI, WPC: Interest Coverage Comparison

For the REIT - Diversified subindustry, FairPlay Properties 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.


FairPlay Properties REIT Interest Coverage vs REITs Industry

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

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


XBUL:FPP
72GF Score
FairPlay Properties REIT XBUL:FPP
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FairPlay Properties 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.

FairPlay Properties REIT'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, FairPlay Properties REIT's Interest Expense was €-0.23 Mil. Its Operating Income was €22.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €19.40 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*22.639/-0.232
=97.58

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

Here, for the three months ended in Mar. 2026, FairPlay Properties REIT's Interest Expense was €-0.04 Mil. Its Operating Income was €1.33 Mil. And its Long-Term Debt & Capital Lease Obligation was €13.94 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1.328/-0.042
=31.62

* 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 31.62 mean?
FairPlay Properties REIT (XBUL:FPP) has a Interest Coverage of 31.62 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on FairPlay Properties REIT and its competitors. This is 79% above median its historical median of 17.65. Over the past decade, FairPlay Properties REIT's Interest Coverage has ranged from 7.04 to 115.81. According to the industry distribution chart, FairPlay Properties REIT ranks #98 out of 697 companies in the REITs industry, placing it in the top 14.1%.
Is FairPlay Properties REIT's Interest Coverage too high?
FairPlay Properties REIT's current Interest Coverage of 31.62 is 79% above median its 10-year median of 17.65. Over the past 10 years, this metric has ranged from a low of 7.04 to a high of 115.81. The REITs industry median Interest Coverage is 3.12. FairPlay Properties REIT's value of 31.62 is 913.5% above this industry median. Based on the distribution chart, FairPlay Properties REIT ranks #98 out of 697 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, FairPlay Properties REIT has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FairPlay Properties REIT's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, FairPlay Properties REIT ranks #98 out of 697 companies for Interest Coverage. This places FairPlay Properties REIT in the top 14% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 3.12. FairPlay Properties REIT's value of 31.62 is 913.5% above this benchmark. Historically, FairPlay Properties REIT's own Interest Coverage has ranged from 7.04 to 115.81 over the past decade. While the company's 10-year median is 17.65 vs. the industry median of 3.12, FairPlay Properties 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 697 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. FairPlay Properties REIT's current Interest Coverage of 31.62 is 913.5% 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 FairPlay Properties 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. FairPlay Properties REIT's current Interest Coverage is 31.62, which is 79% above median its own 10-year median of 17.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FairPlay Properties REIT stock overvalued right now?
Based on GuruFocus' analysis, FairPlay Properties REIT (XBUL:FPP) is currently considered Possible Value Trap. The stock's GF Value™ is €4.45, compared to a current price of €0.59 — trading 86.9% below its estimated fair value. The current Interest Coverage is 31.62, which is 79% above median its 10-year median of 17.65 and 913.5% above the REITs industry median of 3.12. FairPlay Properties REIT's overall GF Score™ is 72/100 with 2 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 FairPlay Properties REIT (XBUL:FPP), the current Interest Coverage is 31.62 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 FairPlay Properties REIT (XBUL:FPP) Overvalued in 2026?

Based on GuruFocus' analysis, FairPlay Properties REIT stock appears to be undervalued. The current stock price of €0.59 is trading 86.9% below its estimated GF Value™ of €4.45. GuruFocus considers FairPlay Properties REIT to be Possible Value Trap.

Key valuation signals for XBUL:FPP:

  • Interest Coverage: 31.62 (79% above median its 10-year median of 17.65)
  • GF Value™: €4.45 vs. price of €0.59 (86.9% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 913.5% above the REITs median (#98 of 697)

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


FairPlay Properties REIT Business Description

Industry Real EstateREITs
Address 51B Cherni Vruh Boulevard, Sofia, BGR, 1407
FairPlay Properties REIT is a real estate investment trust. The company's portfolio consists of apartment complexes, hotels, commercial buildings, residential buildings, and offices among others. Some of its projects are Fodder Kitchen, Fodder Plant, Moderato Restaurant, Greenville Hotel and Apartment Houses, and others.
72GF Score

Get the complete analysis for XBUL:FPP

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

€0.59
Price
€4.45
GF Value