Terreno Realty (Terreno Realty) EBIT

: $176.3 Mil (TTM As of Dec. 2023)

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Terreno Realty's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $63.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $176.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Terreno Realty's annualized ROC % for the quarter that ended in Dec. 2023 was 3.96%. Terreno Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Terreno Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.82%.

Terreno Realty EBIT Historical Data

The historical data trend for Terreno Realty'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.

Terreno Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

71.85

95.79

105.31

221.86

176.25

Terreno Realty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																66.34	30.71	46.15	36.13	63.26

Competitive Comparison

For the REIT - Industrial subindustry, Terreno Realty'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.

Terreno Realty EV-to-EBIT Distribution

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

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

Terreno Realty 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $176.3 Mil.

Terreno Realty (NYSE:TRNO) EBIT Explanation

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

Terreno Realty's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	146.088 * ( 1 - 0% )	/	( (3631.977	+	3738.441)	/ 2 )
=	146.088	/	3685.209
=	3.96 %

where

	Invested Capital		(Q: Sep. 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	))
=	3739.465	-	111.389	-	( 96.196	-	max(0, 111.389	-	107.488	+	96.196	))
=	3631.977

	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	))
=	3904.677	-	100.835	-	( 165.4	-	max(0, 100.835	-	166.236	+	165.4	))
=	3738.441

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Terreno Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	253.056	/	( ( (0 + max(-100.097, 0))	+	(0 + max(-99.999, 0)) )	/	2 )
=	253.056	/	( ( 0	+	0 )	/	2 )
=	253.056	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	11.292)	-	(111.389	+	0	+	0)
=	-100.097

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.83599999999998)	-	(100.835	+	0	+	0)
=	-99.999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	176.253	/	6247.889
	=	2.82 %

Terreno Realty EBIT Related Terms

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Terreno Realty (Terreno Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Terreno Realty Corp (NYSE:TRNO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

T37:Germany

Address

10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004

Website

https://www.terreno.com

Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment and improved land.

Executives

Melinda Weston	officer: Chief Accounting Officer	TERRENO REALTY CORPORATION, 10500 NE 8TH STREET, SUITE 301, BELLEVUE WA 98004
Leroy E Carlson	director	79840 CITRUS STREET, LAQUINTA CA 92253
Michael A Coke	director, officer: PRESIDENT	TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Irene H Oh	director	135 N LOS ROBLES AVE. 7TH FL, PASADENA CA 91101
Gary N Boston	director	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Douglas M Pasquale	director	245 FICHER AVE STE D-1, COSTA MESA CA 92626
W Blake Baird	director, officer: CHAIRMAN AND CEO	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Linda Assante	director	C/O TERRENO REALTY CORP., 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
David M Lee	director	101 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Gabriela Franco Parcella	director	101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Dennis Polk	director	44201 NOBEL DRIVE, FREMONT CA 94538
Peter J Merlone	director	2840 DIVISADERO, SAN FRANCISCO CA 94123
John Tull Meyer	officer: EVP	101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jaime Jackson Cannon	officer: CFO	101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Andrew Thomas Burke	officer: EVP	101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104