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National Retail Properties EBIT

: $378.6 Mil (TTM As of Jun. 2021)
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National Retail Properties's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $106.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $378.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Retail Properties's annualized ROC % for the quarter that ended in Jun. 2021 was 5.94%. National Retail Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 27,913.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Retail Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 3.32%.


National Retail Properties EBIT Historical Data

The historical data trend for National Retail 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.

National Retail Properties Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 335.86 374.48 408.33 419.63 358.23

National Retail Properties Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 78.02 87.99 93.37 91.17 106.11

National Retail 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $378.6 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.


National Retail Properties  (NYSE:NNN) EBIT Explanation

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

National Retail Properties's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=438.508 * ( 1 - 0% )/( (7356.304 + 7404.426)/ 2 )
=438.508/7380.365
=5.94 %

where

Invested Capital(Q: Mar. 2021 )
=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))
=7712.203 - 44.668 - ( 311.231 - max(0, 44.668 - 369.282+311.231))
=7356.304

Invested Capital(Q: Jun. 2021 )
=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))
=7675.8 - 21.816 - ( 249.558 - max(0, 21.816 - 312.285+249.558))
=7404.426

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

National Retail Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=424.424/( ( (0 + max(-32.067, 0)) + (0 + max(3.041, 0)) )/ 2 )
=424.424/( ( 0 + 3.041 )/ 2 )
=424.424/1.5205
=27,913.45 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.611 + 0 + 7.99) - (44.668 + 0 + 0)
=-32.067

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.613 + 0 + 21.244) - (21.816 + 0 + 0)
=3.041

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2021 )
=378.643/11414.798
=3.32 %

* 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.


National Retail Properties EBIT Related Terms

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National Retail Properties Business Description

National Retail Properties logo
Industry
Real Estate » REITs NAICS : 531120 SIC : 6798
Address
450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
National Retail Properties Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centres, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the most significant proportion of total revenue, followed by automotive services, entertainment venues, and others. Most of the company's properties are located in the Midwest, South, and Southeast of the United States.
Executives
Horn Stephen A Jr officer: EVP & Chief Acquisitions Offic 450 S. ORANGE AVE. SUITE 900 ORLANDO FL 32801
Holden Betsy D director DENTSPLY SIRONA INC 13320 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277
Defosset Don director C/O TEREX CORPORATION 200 NYALA FARM ROAD WESTPORT CT 06880
Beall Pamela K.m. director C/O MARATHON PETROLEUM CORPORATION 539 S. MAIN STREET FINDLAY OH 45840
Fritsch Edward J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: FRITSCH EDWARD J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Cosler Steven D director PRIORITY HEALTHCARE CORPORATION 250 TECHNOLOGY PARK LAKE MARY FL 32746-6232
Fick David M director 450 S. ORANGE AVE. SUITE 900 ORLANDO FL 32801
Susser Sam L director 800 N SHORELINE SUITE 2200N CORPUS CHRISTI TX 78401
Habicht Kevin B director, officer: EVP & CFO CNL REALTY INC 450 SOUTH ORANGE AVENUE ORLANDO FL 32801
Bayer Paul Eugene officer: Executive Officer 450 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801
Whitehurst Julian E officer: President and CEO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WHITEHURST JULIAN E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tessitore Christopher Paul officer: Executive Officer 450 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801
Miller Michelle Lynn officer: EVP & Chief Accounting Officer 450 S ORANGE AVE STE 900 ORLANDO FL 32801-3339
Legler Robert C director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: LEGLER ROBERT C a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Macnab Craig director, officer: Chief Executive Officer C/O JDN PEALTY CORP 359 EAST PACES FERRY RD ATLANTA GA 30305

National Retail Properties Headlines

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