What is Inland Real Estate Earnings Yield (Joel Greenblatt) %?
Inland Real Estate's Enterprise Value for the quarter that ended in Dec. 2015 was $0.00 Mil.
Inland Real Estate's EBIT for the trailing twelve months (TTM) ended in Dec. 2015 was $45.82 Mil. Inland Real Estate's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was 2.16%.
The historical rank and industry rank for Inland Real Estate's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IRCPRA.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.7 Med: 3.9 Max: 10.9
Current: 2.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Inland Real Estate was 10.90%. The lowest was 0.70%. And the median was 3.90%.
IRCPRA.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 2.845
vs IRCPRA.PFD: 2.20
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) %. Inland Real Estate's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2015 was 17.49%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven 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.
Inland Real Estate Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Inland Real Estate'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.
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Inland Real Estate Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Inland Real Estate's Earnings Yield (Joel Greenblatt) %
For the REIT - Retail subindustry, Inland Real Estate'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.
Inland Real Estate's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Inland Real Estate's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Inland Real Estate's Earnings Yield (Joel Greenblatt) % falls into.
Inland Real Estate 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.
Inland Real Estates Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Inland Real Estate's EBIT for the trailing twelve months (TTM) ended in Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $45.82 Mil.
Inland Real Estate (NYSE:IRCPRA.PFD) 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.
Inland Real Estate Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Inland Real Estate's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Inland Real Estate (Inland Real Estate) Business Description
Inland Real Estate Corp was formed on May 12, 1994. It is a publicly held real estate investment trust ("REIT") that owns, operates and develops open-air neighborhood, community and power shopping centers and single-tenant retail properties located in Midwest markets. Approximately fifty-nine percent of its total retail portfolio gross leasable area is located in the Chicago Metropolitan Statistical Area, with its second largest market concentration being approximately seventeen percent in the Minneapolis-St. Paul MSA. Tenants at the Company's retail properties primarily provide "everyday" goods and services to consumers. The primary drivers of its internal income growth are rental rate increases over expiring rates on new and renewal leases and cost savings from operational efficiencies. The Company's business is competitive. It competes with other property owners on the basis of location, rental rates, operating expenses, visibility, quality of the property, volume of traffic, strength and name recognition of other tenants at each location and other factors. These competitive factors affect the level of occupancy and rental rates that it is able to achieve at its investment properties. In addition, the Company's tenants compete against other forms of retailing such as catalog companies and e-commerce websites that offer similar retail products. The Company competes with other real estate companies, and at its current investment properties, it competes with other owners of similar properties for tenants. Inland Real Estate's properties are also subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements.
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