What is Winthrop Realty Trust Earnings Yield (Joel Greenblatt) %?
Winthrop Realty Trust's Enterprise Value for the quarter that ended in Jun. 2014 was $1,134.69 Mil.
Winthrop Realty Trust's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was $23.08 Mil. Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was -1.84%.
The historical rank and industry rank for Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FUR's Earnings Yield (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 2.835 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Winthrop Realty Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 was 30.12%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Winthrop Realty Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % 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.
For the REIT - Diversified subindustry, Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Winthrop Realty Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as
Winthrop Realty Trust's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.08 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Winthrop Realty Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Winthrop Realty Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Winthrop Realty Trust (Winthrop Realty Trust) Business Description
Winthrop Realty Trust Inc is a real estate investment trust (REIT), is an unincorporated association in the form of a business trust organized in Ohio under a Declaration of Trust dated August 1, 1961. The Company conducts its business through its wholly owned operating partnership, WRT Realty L.P., a Delaware limited partnership. The Company is engaged in the business of owning real property and real estate related assets which it categorize into three reportable segments: (i) the ownership of investment properties including wholly owned properties and investments in joint ventures which own investment properties, which it refer to as operating properties; (ii) the origination and acquisition of senior loans, mezzanine loans and debt securities collateralized directly or indirectly by commercial and multi-family real property, which it refer to as loan assets; and (iii) the ownership of equity and debt interests in other real estate investment trusts (REITs), which it refer to as REIT securities. Its primary sources of income are rental income and tenant recoveries from leases of its operating properties, interest income and discount accretion from its loan assets, and interest and dividend income and appreciation from its investments in REIT securities. The Company competes with many other companies, including other REITs, insurance companies, commercial banks, private investment funds, hedge funds, specialty finance companies and other investors. Its operations and properties are subject to various federal, state and local laws.
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