Federal Realty Investment Trust (Federal Realty Investment Trust) EBIT : $420 Mil (TTM As of Mar. 2024)

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What is Federal Realty Investment Trust EBIT?

Federal Realty Investment Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $102 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $420 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Federal Realty Investment Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 5.03%. Federal Realty Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 435.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Federal Realty Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.20%.

Federal Realty Investment Trust EBIT Historical Data

The historical data trend for Federal Realty Investment Trust's EBIT 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.

* Premium members only.

Federal Realty Investment Trust EBIT Chart

Federal Realty Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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470.17

272.18

396.78

532.65

415.03

Federal Realty Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															96.96	105.89	102.12	110.06	101.71

Competitive Comparison of Federal Realty Investment Trust's EBIT

For the REIT - Retail subindustry, Federal Realty Investment Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Federal Realty Investment Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Federal Realty Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Federal Realty Investment Trust's EV-to-EBIT falls into.

Federal Realty Investment Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $420 Mil.

Federal Realty Investment Trust (NYSE:FRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Federal Realty Investment Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	400.776 * ( 1 - 0% )	/	( (7974.758	+	7958.891)	/ 2 )
=	400.776	/	7966.8245
=	5.03 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8436.512	-	297.83	-	( 250.825	-	max(0, 297.83	-	461.754	+	250.825	))
=	7974.758

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8271.66	-	308.307	-	( 95.936	-	max(0, 308.307	-	312.769	+	95.936	))
=	7958.891

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Federal Realty Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	406.836	/	( ( (93.843 + max(-96.097, 0))	+	(93.154 + max(-100.657, 0)) )	/	2 )
=	406.836	/	( ( 93.843	+	93.154 )	/	2 )
=	406.836	/	93.4985
=	435.13 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(201.733	+	0	+	0)	-	(297.83	+	0	+	0)
=	-96.097

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(207.65	+	0	+	0)	-	(308.307	+	0	+	0)
=	-100.657

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Federal Realty Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	419.779	/	13135.411
	=	3.20 %

Federal Realty Investment Trust EBIT Related Terms

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Federal Realty Investment Trust (Federal Realty Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Federal Realty Investment Trust (NYSE:FRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FRTpC.PFD:USA

Address

909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852

Website

https://www.federalrealty.com

Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 25.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

Executives

Donald C Wood	director, officer: Chief Executive Officer	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jeffrey S Berkes	officer: President and COO	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Daniel Guglielmone	officer: EVP-CFO and Treasurer	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Thomas Mceachin	director	11621 RESEARCH CIRCLE, ALACHUA FL 32615
David W Faeder	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Dawn M Becker	officer: EVP-General Counsel &Secretary	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Gail P Steinel	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Elizabeth I Holland	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jon E Bortz	director	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Mark S Ordan	director	7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
Joseph Vassalluzzo	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Nicole Lamb-hale	director	909 ROSE AVENUE, SUITE 200, NORTH BETHESDA MD 20852
Nader Anthony P Iii	director	6862 ELM STREET, SUITE 320, MCLEAN VA 22101
Melissa Solis	officer: VP-Chief Accounting Officer	1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Kristin Gamble	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852