GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Healthpeak Properties Inc (NYSE:DOC) » Definitions » EBIT

Healthpeak Properties (Healthpeak Properties) EBIT

: $515 Mil (TTM As of Dec. 2023)
View and export this data going back to 1985. Start your Free Trial

Healthpeak Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $113 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $515 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Healthpeak Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 3.53%. Healthpeak Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 190.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Healthpeak Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.60%.


Healthpeak Properties EBIT Historical Data

The historical data trend for Healthpeak Properties'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.

Healthpeak Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 393.93 436.02 286.35 680.07 515.27

Healthpeak Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 58.85 180.96 103.68 117.85 112.78

Competitive Comparison

For the REIT - Healthcare Facilities subindustry, Healthpeak Properties'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.


Healthpeak Properties EV-to-EBIT Distribution

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

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



Healthpeak Properties 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 $515 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.


Healthpeak Properties  (NYSE:DOC) EBIT Explanation

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

Healthpeak Properties'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 )
=476.604 * ( 1 - -19.74% )/( (16507.577 + 15858.3)/ 2 )
=570.6856296/16182.9385
=3.53 %

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))
=15602.534 - 678.65 - ( 63.478 - max(0, 1990.863 - 407.17+63.478))
=16507.577

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))
=15698.85 - 657.196 - ( 117.635 - max(0, 1377.925 - 561.279+117.635))
=15858.3

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

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

Healthpeak Properties'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 )
=451.116/( ( (233.48 + max(-1449.052, 0)) + (240.155 + max(-432.731, 0)) )/ 2 )
=451.116/( ( 233.48 + 240.155 )/ 2 )
=451.116/236.8175
=190.49 %

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)
=(59.085 + 0 + 58.726) - (678.65 + 879.174 + 9.039)
=-1449.052

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.82 + 0 + 169.374) - (657.196 + 905.633 + -904.904)
=-432.731

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=515.267/19787.471
=2.60 %

* 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.


Healthpeak Properties EBIT Related Terms

Thank you for viewing the detailed overview of Healthpeak Properties's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Healthpeak Properties (Healthpeak Properties) Business Description

Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 500, Denver, CO, USA, 80237
Healthpeak owns a diversified healthcare portfolio of approximately 457 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
Executives
Sara Grootwassink Lewis director C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815
James B. Connor director 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Thomas Klaritch officer: Executive Vice President 3760 KILROY AIRPORT WAY, LONG BEACH CA 90806
Scott M Brinker officer: EVP and CIO 1920 MAIN STREET, SUITE 1200, IRVINE CA 92614
Christine Garvey director 14100 E 35TH PLACE, AURORA CO 80011
Ankit B. Patadia officer: EVP and Treasurer 5050 SOUTH SYRACUSE STREET, SUITE 800, DENVER CO 80237
Adam G Mabry officer: CIO 5050 SOUTH SYRACUSE STREET, SUITE 800, DENVER CO 80237
Scott R Bohn officer: EVP, Co-Head of Life Science 5050 SOUTH SYRACUSE STREET, SUITE 800, DENVER CO 80237
Lisa A Alonso officer: EVP and Chief HR Officer 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Jeffrey H Miller officer: EVP - Senior Housing WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Katherine M Sandstrom director 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Thomas M Herzog director, officer: President and CEO 1920 MAIN STREET, SUITE 1200, IRVINE CA 92614
Griffin R Kent Jr director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Glenn T Preston officer: SVP and SMD 1920 MAIN STREET, SUITE 1200, IRVINE CA 92614

Healthpeak Properties (Healthpeak Properties) Headlines

From GuruFocus

Physicians Realty Trust Earns 2023 ENERGY STAR Partner of the Year Award

By Business Wire Business Wire 03-28-2023

Physicians Realty Trust's Dividend Analysis

By GuruFocus Research 01-01-2024

Physicians Realty Trust Publishes Fourth Annual ESG Report

By Business Wire Business Wire 06-05-2023