Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) EBIT: ฿2,724 Mil (TTM As of Mar. 2026)

What is Axtra Future City Freehold and Leasehold REIT EBIT?

Axtra Future City Freehold and Leasehold REIT BKK:AXTRART +0.79% 85 EBIT is ฿2,724 Mil as of Mar. 2026. GuruFocus rates BKK:AXTRART with a GF Score™ of 85/100 and a GF Value™ of ฿13.10 (Fairly Valued). The stock has 3 warning signs investors should review.

Axtra Future City Freehold and Leasehold REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿551 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿2,724 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Axtra Future City Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 6.34%. Axtra Future City Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 978.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Axtra Future City Freehold and Leasehold REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.34%.

Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) EBIT Explanation

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

Axtra Future City Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	2078.388 * ( 1 - 0% )	/	( (32759.904	+	32793.844)	/ 2 )
=	2078.388	/	32776.874
=	6.34 %

where

	Invested Capital		(Q: Dec. 2025 )
=	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	))
=	33001.253	-	202.48	-	( 213.972	-	max(0, 659.002	-	697.871	+	213.972	))
=	32759.904

	Invested Capital		(Q: Mar. 2026 )
=	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	))
=	32996.054	-	180.018	-	( 204.922	-	max(0, 636.877	-	659.069	+	204.922	))
=	32793.844

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Axtra Future City Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2204.78	/	( ( (225.07 + max(-128.729, 0))	+	(225.645 + max(-136.119, 0)) )	/	2 )
=	2204.78	/	( ( 225.07	+	225.645 )	/	2 )
=	2204.78	/	225.3575
=	978.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(483.899	+	0	+	0)	-	(202.48	+	410.148	+	0)
=	-128.729

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(454.147	+	0	+	0)	-	(180.018	+	410.248	+	0)
=	-136.119

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Axtra Future City Freehold and Leasehold REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	2723.575	/	32675.850
	=	8.34 %

* 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.

Axtra Future City Freehold and Leasehold REIT EBIT Related Terms

Axtra Future City Freehold and Leasehold REIT EBIT Historical Data

* Premium members only.

The historical data trend for Axtra Future City Freehold and Leasehold REIT's EBIT can be seen below:

Axtra Future City Freehold and Leasehold REIT EBIT Chart

Axtra Future City Freehold and Leasehold REIT Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Dec25

EBIT

Get a 7-Day Free Trial

1,451.98

1,488.80

778.40

2,334.20

2,753.73

Axtra Future City Freehold and Leasehold REIT Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															581.35	572.38	575.56	1,024.44	551.20

BKK:AXTRART vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Axtra Future City Freehold and Leasehold REIT'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.

Axtra Future City Freehold and Leasehold REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Axtra Future City Freehold and Leasehold REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Axtra Future City Freehold and Leasehold REIT's EV-to-EBIT falls into.

Save Embed

85GF Score

Axtra Future City Freehold and Leasehold REIT BKK:AXTRART

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Axtra Future City Freehold and Leasehold REIT 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2,724 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ฿2,724 Mil mean?

Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) has a EBIT of ฿2,724 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Axtra Future City Freehold and Leasehold REIT.

Is Axtra Future City Freehold and Leasehold REIT's EBIT too high?

Axtra Future City Freehold and Leasehold REIT's current EBIT is ฿2,724 Mil. Overall, Axtra Future City Freehold and Leasehold REIT has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Axtra Future City Freehold and Leasehold REIT's EBIT compare to SPG and O?

Axtra Future City Freehold and Leasehold REIT's EBIT of ฿2,724 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Axtra Future City Freehold and Leasehold REIT. Axtra Future City Freehold and Leasehold REIT's current EBIT is ฿2,724 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Axtra Future City Freehold and Leasehold REIT stock overvalued right now?

Based on GuruFocus' analysis, Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) is currently considered Fairly Valued. The stock's GF Value™ is ฿13.10, compared to a current price of ฿12.80 — trading 2.3% below its estimated fair value. The current EBIT is ฿2,724 Mil. Axtra Future City Freehold and Leasehold REIT's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART), the current EBIT is ฿2,724 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) Overvalued in 2026?

Based on GuruFocus' analysis, Axtra Future City Freehold and Leasehold REIT stock appears to be undervalued. The current stock price of ฿12.80 is trading 2.3% below its estimated GF Value™ of ฿13.10. GuruFocus considers Axtra Future City Freehold and Leasehold REIT to be Fairly Valued.

Key valuation signals for BKK:AXTRART:

EBIT: ฿2,724 Mil
GF Value™: ฿13.10 vs. price of ฿12.80 (2.3% below fair value)
GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the BKK:AXTRART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Axtra Future City Freehold and Leasehold REIT Business Description

Industry Real Estate REITs

Comparable Companies BKK:FUTURERT BKK:ALLY BKK:AIMCG SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC NNN ASX:VCX TSX:CHP.UN EPRT MAC

Address Sukhumvit Raod, No. 111, 10th Floor, Unit 1001/1, True Digital Park West, Bang Chak, Phra Khanong, Bangkok, THA, 10260

Website https://www.axtrart.com

Axtra Future City Freehold and Leasehold REIT is a closed-end retail growth freehold and leasehold property fund. The Fund's objective is to seek funds from investors, invest mostly in property or property leasehold rights and generate benefit from such property. It Invest in Freehold & Leasehold of properties which comprises of nearly 23 shopping malls (Lotus's). The company operates only in Thailand.

85GF Score

Get the complete analysis for BKK:AXTRART

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿12.80

Price

฿13.10

GF Value

View BKK:AXTRART Analysis

See EBIT data for all stocks →