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Corporate Office Properties Trust (Corporate Office Properties Trust) EBIT : $-43.66 Mil (TTM As of Mar. 2024)


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What is Corporate Office Properties Trust EBIT?

Corporate Office Properties Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $54.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-43.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corporate Office Properties Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 5.09%. Corporate Office Properties Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 207.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corporate Office Properties Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.96%.


Corporate Office Properties Trust EBIT Historical Data

The historical data trend for Corporate Office Properties 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.

Corporate Office Properties Trust EBIT Chart

Corporate Office Properties Trust 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 266.19 168.89 143.76 208.57 -1.30

Corporate Office Properties 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 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 96.97 48.35 -203.26 56.64 54.61

Competitive Comparison of Corporate Office Properties Trust's EBIT

For the REIT - Office subindustry, Corporate Office Properties 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.


Corporate Office Properties Trust's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Corporate Office Properties Trust's EV-to-EBIT falls into.



Corporate Office Properties 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 $-43.66 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.


Corporate Office Properties Trust  (NYSE:OFCPRLCL.PFD) EBIT Explanation

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

Corporate Office Properties 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 )
=201.66 * ( 1 - 0.5% )/( (3913.187 + 3963.864)/ 2 )
=200.6517/3938.5255
=5.09 %

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))
=4246.966 - 165.959 - ( 167.82 - max(0, 305.417 - 529.552+167.82))
=3913.187

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))
=4232.895 - 145.887 - ( 123.144 - max(0, 292.463 - 502+123.144))
=3963.864

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

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

Corporate Office Properties 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 )
=218.424/( ( (41.296 + max(49.803, 0)) + (40.368 + max(78.87, 0)) )/ 2 )
=218.424/( ( 91.099 + 119.238 )/ 2 )
=218.424/105.1685
=207.69 %

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)
=(198.183 + 0 + 82.037) - (165.959 + 64.458 + -5.6843418860808E-14)
=49.803

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(203.876 + 0 + 92.457) - (145.887 + 71.576 + 5.6843418860808E-14)
=78.87

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:

Corporate Office Properties Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-43.656/2232.785
=-1.96 %

* 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.


Corporate Office Properties Trust EBIT Related Terms

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Corporate Office Properties Trust (Corporate Office Properties Trust) Business Description

Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.