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Strategic Realty Trust (Strategic Realty Trust) Owner Earnings per Share (TTM) : -0.09 (As of Mar. 2024)


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What is Strategic Realty 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)."

Strategic Realty Trust's Owner Earnings per Share (TTM) ended in Mar. 2024 was $-0.09. It's Price-to-Owner-Earnings ratio for today is 0.


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



SGIC's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 14.54
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Strategic Realty Trust's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.39. It's PE Ratio ratio for today is At Loss.

Strategic Realty Trust's EPS without NRI for the three months ended in Mar. 2024 was $0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.24. It's PE Ratio without NRI ratio for today is At Loss.


Strategic Realty Trust Owner Earnings per Share (TTM) Historical Data

The historical data trend for Strategic Realty 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.

Strategic Realty Trust Owner Earnings per Share (TTM) Chart

Strategic Realty Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial - - -2.30 -1.02 -1.10

Strategic Realty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Owner Earnings per Share (TTM) 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 -1.10 -1.08 -0.50 -0.43 -0.09

Competitive Comparison of Strategic Realty Trust's Owner Earnings per Share (TTM)

For the REIT - Retail subindustry, Strategic Realty 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.


Strategic Realty Trust's Price-to-Owner-Earnings Distribution in the REITs Industry

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

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



Strategic Realty 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)

Strategic Realty Trust's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income -0.68
Depreciation, Depletion and Amortization 0.25
Change In Deferred Tax 0.00
5Y Average of Maintenance Capital Expenditure 0.68
Change In Working Capital 0.12
Shares Outstanding (Diluted Average) 10.75

1. Start with "Net Income" from income statement. Strategic Realty Trust's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.68 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Strategic Realty Trust's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2024 was $0.25 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Strategic Realty Trust's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $0.68 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Strategic Realty Trust's 5-Year Average Maintenance Capital Expenditure = $0.68 Mil

5. "Change In Working Capital" is from cashflow statement. Strategic Realty Trust's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 was $0.12 Mil.
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 sometimes it includes non-current parts of assets and liabilities.

6. Strategic Realty Trust's Shares Outstanding (Diluted Average) for the months ended in Mar. 2024 was 10.753 Mil.

Strategic Realty Trust's Onwer Earnings Per Share for Mar. 2024 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -0.682 +0.247+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-0.67711111111111+0.12)/10.753
=-0.09

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=0.03921/-0.09
=0

* 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.


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.


Strategic Realty Trust Owner Earnings per Share (TTM) Related Terms

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Strategic Realty Trust (Strategic Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
550 W Adams S, Suite 200, Chicago, IL, USA, 60661
Strategic Realty Trust Inc is a real estate investment trust that invests and manages a portfolio of income-producing retail properties in the United States, real estate-owning entities, and real estate-related assets.
Executives
Domenic Lanni officer: Chief Operating Officer 550 WEST ADAMS STREET, SUITE 200, CHICAGO IL 60661
Ryan M. Hess officer: Chief Financial Officer 550 WEST ADAMS STREET, SUITE 200, CHICAGO IL 60661
Matthew D Schreiber officer: COO, SVP & Assistant Secretary 550 WEST ADAMS STREET, SUITE 200, CHICAGO IL 60661
Julia Kholodenko officer: Chief Accounting Officer 66 BOVET ROAD, SUITE 100, SAN MATEO CA 94402
Mark Bradley Kettmann officer: Chief Financial Officer 66 BOVET ROAD, SUITE 100, SAN MATEO CA 94402
Todd Allan Spitzer director 7420 MORNINGLORY WAY, ORANGE CA 92869
Terri Garnick officer: Chief Financial Officer 400 SOUTH EL CAMINO REAL, SAN MATEO CA 94402-1708
Andrew Batinovich director, officer: CEO and CFO 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Maier John B Ii director 4695 MACARTHUR COURT, SUITE 1100, NEWPORT BEACH CA 92660
Dee R Balch director 1900 MAIN STREET, SUITE 700, IRVINE CA 92614
Peter K Kompaniez director 26 EXECUTIVE PARK, SUITE 125, IRVINE CA 92614
Jeffrey S. Rogers director 1900 MAIN STREET, SUITE 700, IRVINE CA 92614
Anthony W Thompson director, officer: COB and CEO C/O THOMPSON FAMILY OFFICE, 1901 MAIN STREET, SUITE 108, IRVINE CA 92614
Jack R Maurer director, officer: Vice Chairman and President 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
James R. Wolford officer: CFO, Treasurer & Secretary 233 WILSHIRE BLVD., SUITE 310, SANTA MONICA CA 90401

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