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Resilient REIT (JSE:RES) Earnings Yield (Joel Greenblatt) % : 12.87% (As of Dec. 2024)


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What is Resilient REIT Earnings Yield (Joel Greenblatt) %?

Resilient REIT's Enterprise Value for the quarter that ended in Dec. 2024 was R33,202 Mil. Resilient REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was R4,275 Mil. Resilient REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 12.87%.

The historical rank and industry rank for Resilient REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

JSE:RES' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.36   Med: 9.08   Max: 28.7
Current: 12.99

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Resilient REIT was 28.70%. The lowest was -13.36%. And the median was 9.08%.

JSE:RES's Earnings Yield (Joel Greenblatt) % is ranked better than
90.91% of 990 companies
in the REITs industry
Industry Median: 3.25 vs JSE:RES: 12.99

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Resilient REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Resilient REIT Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Resilient REIT's Earnings Yield (Joel Greenblatt) % 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.

Resilient REIT Earnings Yield (Joel Greenblatt) % Chart

Resilient REIT Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.17 3.68 15.65 18.45 12.87

Resilient REIT Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Earnings Yield (Joel Greenblatt) % 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 15.65 - 18.45 - 12.87

Competitive Comparison of Resilient REIT's Earnings Yield (Joel Greenblatt) %

For the REIT - Retail subindustry, Resilient REIT's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.


Resilient REIT's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Resilient REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Resilient REIT's Earnings Yield (Joel Greenblatt) % falls into.


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Resilient REIT Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Resilient REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=4274.561/33201.69332
=12.87 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.



Resilient REIT  (JSE:RES) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Resilient REIT Earnings Yield (Joel Greenblatt) % Related Terms

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Resilient REIT Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Resilient REIT Ltd (JSE:RES) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
N/A
Address
Rivonia Boulevard, 4th Floor, Rivonia Village, Rivonia, Johannesburg, GT, ZAF, 2191
Resilient REIT Ltd is a South Africa-based real estate investment trust. The company's portfolio consists of regional shopping malls tenanted by national retailers. Resilient's properties are mostly located in nonmetropolitan areas, including Limpopo, Gauteng, Mpumalanga, Northern Cape, and KwaZulu-Natal. The company operates through two segments: Corporate and Retail. The company further divides the segments geographically into South Africa, Portugal, and Nigeria with the South Africa segment generating the majority of total revenue. Resilient internally manages its assets, and outsources the property management to third-party companies.