City Office REIT (City Office REIT) EBIT

: $29.8 Mil (TTM As of Dec. 2023)

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City Office REIT's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $5.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $29.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. City Office REIT's annualized ROC % for the quarter that ended in Dec. 2023 was 1.44%. City Office REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 211.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. City Office REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.21%.

City Office REIT EBIT Historical Data

The historical data trend for City Office 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.

City Office REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

30.84

31.49

508.55

43.47

29.84

City Office REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																-4.76	8.85	7.47	7.98	5.55

Competitive Comparison

For the REIT - Office subindustry, City Office 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.

City Office REIT EV-to-EBIT Distribution

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

* The bar in red indicates where City Office REIT's EV-to-EBIT falls into.

City Office 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.8 Mil.

City Office REIT (NYSE:CIO) EBIT Explanation

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

City Office REIT'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 )
=	23.456 * ( 1 - 0% )	/	( (1636.553	+	1622.202)	/ 2 )
=	23.456	/	1629.3775
=	1.44 %

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	))
=	1532.172	-	37.941	-	( 36.738	-	max(0, 245.625	-	103.303	+	36.738	))
=	1636.553

	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	))
=	1511.376	-	29.07	-	( 30.082	-	max(0, 236.742	-	96.846	+	30.082	))
=	1622.202

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

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

City Office REIT'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 )
=	22.188	/	( ( (0 + max(20.94, 0))	+	(0 + max(-18.3, 0)) )	/	2 )
=	22.188	/	( ( 20.94	+	0 )	/	2 )
=	22.188	/	10.47
=	211.92 %

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)
=	(51.012	+	0	+	15.553)	-	(37.941	+	7.684	+	0)
=	20.94

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.132	+	0	+	13.31)	-	(29.07	+	7.672	+	0)
=	-18.3

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:

City Office REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	29.84	/	930.515
	=	3.21 %

City Office REIT EBIT Related Terms

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City Office REIT (City Office REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CIOpA.PFD:USA

Address

666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8

Website

https://www.cioreit.com

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

Executives

Michael Mazan	director	3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt	director	188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic	officer: Chief Financial Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar	director, officer: Chief Executive Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg	director	1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee	officer: See Remarks	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet	director	SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza	director	27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski	director	1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn	director	1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg	10 percent owner