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Hudson Pacific Properties (Hudson Pacific Properties) EBIT : $52.1 Mil (TTM As of Dec. 2023)


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What is Hudson Pacific Properties EBIT?

Hudson Pacific Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-30.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $52.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hudson Pacific Properties's annualized ROC % for the quarter that ended in Dec. 2023 was -0.75%. Hudson Pacific Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hudson Pacific Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.94%.


Hudson Pacific Properties EBIT Historical Data

The historical data trend for Hudson Pacific Properties'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.

Hudson Pacific Properties EBIT Chart

Hudson Pacific Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.43 123.37 150.95 133.38 50.51

Hudson Pacific Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 45.34 35.38 29.48 17.40 -30.19

Competitive Comparison of Hudson Pacific Properties's EBIT

For the REIT - Office subindustry, Hudson Pacific Properties'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.


Hudson Pacific Properties's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Hudson Pacific Properties's EV-to-EBIT falls into.



Hudson Pacific Properties 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 $52.1 Mil.

* 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.


Hudson Pacific Properties  (NYSE:HPP) EBIT Explanation

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

Hudson Pacific Properties'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 )
=-60.38 * ( 1 - -7.36% )/( (9075.589 + 8096.812)/ 2 )
=-64.823968/8586.2005
=-0.75 %

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))
=8986.802 - 267.426 - ( 75.04 - max(0, 787.426 - 431.213+75.04))
=9075.589

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))
=8282.05 - 203.736 - ( 100.391 - max(0, 395.736 - 377.238+100.391))
=8096.812

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

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

Hudson Pacific Properties'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 )
=-120.776/( ( (507.08 + max(88.747, 0)) + (495.089 + max(73.111, 0)) )/ 2 )
=-120.776/( ( 595.827 + 568.2 )/ 2 )
=-120.776/582.0135
=-20.75 %

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)
=(310.268 + 5.954 + 39.951) - (267.426 + 0 + 1.1368683772162E-13)
=88.747

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(245.396 + 0 + 31.451) - (203.736 + 0 + 0)
=73.111

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:

Hudson Pacific Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=52.07/5532.616
=0.94 %

* 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.


Hudson Pacific Properties EBIT Related Terms

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Hudson Pacific Properties (Hudson Pacific Properties) Business Description

Traded in Other Exchanges
Address
11601 Wilshire Boulevard, Ninth Floor, Los Angeles, CA, USA, 90025
Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.
Executives
Arthur X. Suazo officer: EVP, Leasing 11601 WILSHIRE BOULEVARD, 6TH FLOOR, LOS ANGELES CA 90025
Drew Gordon officer: Chief Investment Officer 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025
Harout Krikor Diramerian officer: Chief Accounting Officer C/O HUDSON PACIFIC PROPERTIES, INC., 11601 WILSHIRE BLVD. SUITE 1600, LOS ANGELES CA 90025
Barry A Sholem director 2121 AVENUE OF THE STARS, LOS ANGELES CA 90067
Victor J Coleman director, officer: Chief Executive Officer HUDSON PACIFIC PROPERTIES INC., 11601 WILSHIRE BLVD SUITE 1600, LOS ANGELES CA 90025
Andy Wattula officer: Chief Operating Officer 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025
Mark T Lammas officer: Chief Financial Officer 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025
Mark David Linehan director 5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111
Harris Robert L Ii director C/O ACACIA RESEARCH CORP, 500 NEWPORT CENTER DRIVE, 7TH FLOOR, NEWPORT BEACH CA 92660
Jonathan M Glaser director 11601 WILSHIRE BLVD., SUITE 2180, LOS ANGELES CA 90025
Erinn Burnough director LANSDOWNE HOUSE, LANSDOWNE ROAD, FLAT 11, LONDON X0 W11 3LP
Christopher James Barton officer: EVP,Operations and Development 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025
Richard B Fried director, 10 percent owner, other: Member of Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Barry Alan Porter director C/O CLARITY PARTNERS, 100 N. CRESCENT DR, SUITE 300, BEVERLY HILLS CA 90210
Karen Brodkin director 1136 GALLOWAY STREET, PACIFIC PALISADES CA 90272