Firm Capital Apartment REIT (TSXV:FCA.UN) EBIT : C$-0.54 Mil (TTM As of Mar. 2024)

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What is Firm Capital Apartment REIT EBIT?

Firm Capital Apartment REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Firm Capital Apartment REIT's annualized ROC % for the quarter that ended in Mar. 2024 was 2.29%. Firm Capital Apartment REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Firm Capital Apartment REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.63%.

Firm Capital Apartment REIT EBIT Historical Data

The historical data trend for Firm Capital Apartment REIT'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.

Firm Capital Apartment REIT EBIT Chart

Firm Capital Apartment REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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11.73

9.36

8.45

-14.20

-5.06

Firm Capital Apartment REIT 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															-4.92	-0.65	-0.37	0.79	-0.31

Competitive Comparison of Firm Capital Apartment REIT's EBIT

For the REIT - Residential subindustry, Firm Capital Apartment REIT'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.

Firm Capital Apartment REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Firm Capital Apartment REIT's EV-to-EBIT falls into.

Firm Capital Apartment REIT 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 C$-0.54 Mil.

Firm Capital Apartment REIT (TSXV:FCA.UN) EBIT Explanation

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

Firm Capital Apartment REIT'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 )
=	3.232 * ( 1 - 0% )	/	( (140.731	+	141.451)	/ 2 )
=	3.232	/	141.091
=	2.29 %

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	))
=	166.9	-	9.014	-	( 17.155	-	max(0, 63.701	-	133.796	+	17.155	))
=	140.731

	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	))
=	166.234	-	8.549	-	( 16.234	-	max(0, 63.857	-	133.929	+	16.234	))
=	141.451

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

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

Firm Capital Apartment REIT'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 )
=	-1.236	/	( ( (0 + max(82.909, 0))	+	(0 + max(84.081, 0)) )	/	2 )
=	-1.236	/	( ( 82.909	+	84.081 )	/	2 )
=	-1.236	/	83.495
=	-1.48 %

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)
=	(0.389	+	0	+	116.252)	-	(9.014	+	0	+	24.718)
=	82.909

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.428	+	0	+	117.267)	-	(8.549	+	0	+	25.065)
=	84.081

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:

Firm Capital Apartment REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.542	/	86.436
	=	-0.63 %

Firm Capital Apartment REIT EBIT Related Terms

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Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Apartment REIT (TSXV:FCA.UN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FCA.U:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

Firm Capital Apartment REIT (TSXV:FCA.UN) Headlines

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