NorthStar Realty Europe (NorthStar Realty Europe) EBIT : $201.90 Mil (TTM As of Jun. 2019)

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What is NorthStar Realty Europe EBIT?

NorthStar Realty Europe's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was $2.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $201.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NorthStar Realty Europe's annualized ROC % for the quarter that ended in Jun. 2019 was -0.97%. NorthStar Realty Europe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 18.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NorthStar Realty Europe's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 23.59%.

NorthStar Realty Europe EBIT Historical Data

The historical data trend for NorthStar Realty Europe'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.

NorthStar Realty Europe EBIT Chart

NorthStar Realty Europe Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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-33.26

-108.69

-18.32

-6.63

231.45

NorthStar Realty Europe Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
EBIT	Get a 7-Day Free Trial															43.66	5.63	177.08	16.96	2.23

Competitive Comparison of NorthStar Realty Europe's EBIT

For the REIT - Office subindustry, NorthStar Realty Europe'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.

NorthStar Realty Europe's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where NorthStar Realty Europe's EV-to-EBIT falls into.

NorthStar Realty Europe 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $201.90 Mil.

NorthStar Realty Europe (NYSE:NRE) EBIT Explanation

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

NorthStar Realty Europe's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2019 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-7.204 * ( 1 - -21.01% )	/	( (920.192	+	875.425)	/ 2 )
=	-8.7175604	/	897.8085
=	-0.97 %

where

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	1405.727	-	32.162	-	( 453.373	-	max(0, 32.162	-	521.627	+	453.373	))
=	920.192

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	1272.226	-	24.196	-	( 377.393	-	max(0, 24.196	-	396.801	+	377.393	))
=	875.425

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

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

NorthStar Realty Europe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2019		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	8.912	/	( ( (31.786 + max(36.092, 0))	+	(30.875 + max(-4.788, 0)) )	/	2 )
=	8.912	/	( ( 67.878	+	30.875 )	/	2 )
=	8.912	/	49.3765
=	18.05 %

where Working Capital is:

	Working Capital		(Q: Mar. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.672	+	0	+	52.582)	-	(32.162	+	0	+	0)
=	36.092

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.608	+	0	+	6.8)	-	(24.196	+	0	+	0)
=	-4.788

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

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

NorthStar Realty Europe's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	201.896	/	855.920
	=	23.59 %

NorthStar Realty Europe EBIT Related Terms

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NorthStar Realty Europe (NorthStar Realty Europe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NorthStar Realty Europe Corp (NYSE:NRE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

590 Madison Avenue, 34th Floor, New York, NY, USA, 10022

Website

http://www.nrecorp.com

NorthStar Realty Europe Corp is functional in the real estate sector in the United States. Its business is that of a real estate investment trust with its prime focus on European office properties with the objective of providing stockholders with stable and recurring cash flow supplemented by capital growth over time. The company has two basic segments of operation: Real Estate and Corporate. The Real Estate segment includes its European commercial real estate business, which is primarily focused on office properties in Germany. Its investments in other countries include UK, Netherlands, France, Italy, Belgium, Sweden, and Portugal.

Executives

W D Minami	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Mahbod Nia	director, officer: Chief Executive Officer	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Thomas Jr Barrack	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Judith A Hannaway	director	C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Oscar Junquera	director	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Keith A. Feldman	officer: CFO and Treasurer	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Richard B Saltzman	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Digitalbridge Group, Inc.	10 percent owner	750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Digitalbridge Operating Company, Llc	10 percent owner	750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
David T Hamamoto	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Albert Tylis	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Charles W Schoenherr	director	C/O DIAMONDHEAD HOLDINGS CORP., 250 PARK AVE., 7TH FLOOR, NEW YORK NY 10177
Debra Ann Hess	officer: Interim CFO	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022