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Goodman Property Trust (NZSE:GMT) Owner Earnings per Share (TTM) : 0.00 (As of Mar. 2023)


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What is Goodman Property Trust Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Goodman Property Trust does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Goodman Property Trust's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Goodman Property Trust was 13.33. The lowest was 0.00. And the median was 10.95.


NZSE:GMT's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 14.795
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Goodman Property Trust's Earnings per Share (Diluted) for the six months ended in Sep. 2023 was NZ$-0.12. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$-0.12. It's PE Ratio ratio for today is At Loss.

Goodman Property Trust's EPS without NRI for the six months ended in Sep. 2023 was NZ$-0.12. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$-0.12. It's PE Ratio without NRI ratio for today is At Loss.


Goodman Property Trust Owner Earnings per Share (TTM) Historical Data

The historical data trend for Goodman Property Trust's Owner Earnings per Share (TTM) 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.

Goodman Property Trust Owner Earnings per Share (TTM) Chart

Goodman Property Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Owner Earnings per Share (TTM)
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Goodman Property Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of Goodman Property Trust's Owner Earnings per Share (TTM)

For the REIT - Industrial subindustry, Goodman Property Trust's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Goodman Property Trust's Price-to-Owner-Earnings Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Goodman Property Trust's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Goodman Property Trust's Price-to-Owner-Earnings falls into.



Goodman Property Trust Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Goodman Property Trust does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Goodman Property Trust Owner Earnings per Share (TTM) Related Terms

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Goodman Property Trust (NZSE:GMT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018
Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

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