Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) EBIT: ฿3,713 Mil (TTM As of Mar. 2026)

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BKK:FTREIT Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT
75 GF Score
Price ฿12.50
GF Value ฿11.02
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Frasers Property Thailand Industrial Freehold & Leasehold REIT EBIT?

Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT 75 EBIT is ฿3,713 Mil as of Mar. 2026. GuruFocus rates BKK:FTREIT with a GF Score™ of 75/100 and a GF Value™ of ฿11.02 (Modestly Overvalued). The stock has 12 warning signs investors should review.

Frasers Property Thailand Industrial Freehold & Leasehold REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿811 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿3,713 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Frasers Property Thailand Industrial Freehold & Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 6.35%. Frasers Property Thailand Industrial Freehold & Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Frasers Property Thailand Industrial Freehold & Leasehold REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.68%.


Frasers Property Thailand Industrial Freehold & Leasehold REIT  (BKK:FTREIT) EBIT Explanation

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

Frasers Property Thailand Industrial Freehold & 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 )
=3509.88 * ( 1 - 0% )/( (54803.302 + 55667.144)/ 2 )
=3509.88/55235.223
=6.35 %

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))
=53468.059 - 221.677 - ( 163.066 - max(0, 1896.275 - 339.355+163.066))
=54803.302

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))
=53540.707 - 272.751 - ( 307.069 - max(0, 2886.031 - 486.843+307.069))
=55667.144

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

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

Frasers Property Thailand Industrial Freehold & 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 )
=3244.128/( ( (0 + max(-1648.663, 0)) + (0 + max(-1684.551, 0)) )/ 2 )
=3244.128/( ( 0 + 0 )/ 2 )
=3244.128/0
= %

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)
=(87.612 + 0 + 0) - (221.677 + 1514.598 + 0)
=-1648.663

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.48 + 0 + 0) - (272.751 + 1513.28 + 0)
=-1684.551

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:

Frasers Property Thailand Industrial Freehold & Leasehold REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3712.906/55581.465
=6.68 %

* 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.


Frasers Property Thailand Industrial Freehold & Leasehold REIT EBIT Related Terms


Frasers Property Thailand Industrial Freehold & Leasehold REIT EBIT Historical Data

* Premium members only.

The historical data trend for Frasers Property Thailand Industrial Freehold & Leasehold REIT'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.

Frasers Property Thailand Industrial Freehold & Leasehold REIT EBIT Chart

Frasers Property Thailand Industrial Freehold & Leasehold REIT Annual Data
Trend Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,522.95 2,768.33 3,252.03 2,841.56 3,918.64

Frasers Property Thailand Industrial Freehold & Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 1,005.91 933.41 1,231.87 736.59 811.03

BKK:FTREIT vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Frasers Property Thailand Industrial Freehold & 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.


Frasers Property Thailand Industrial Freehold & Leasehold REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Frasers Property Thailand Industrial Freehold & Leasehold REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Frasers Property Thailand Industrial Freehold & Leasehold REIT's EV-to-EBIT falls into.


BKK:FTREIT
75GF Score
Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Frasers Property Thailand Industrial Freehold & 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 ฿3,713 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ฿3,713 Mil mean?
Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) has a EBIT of ฿3,713 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Frasers Property Thailand Industrial Freehold & Leasehold REIT.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT's EBIT too high?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's current EBIT is ฿3,713 Mil. Overall, Frasers Property Thailand Industrial Freehold & Leasehold REIT has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property Thailand Industrial Freehold & Leasehold REIT's EBIT compare to PLD and PSA?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's EBIT of ฿3,713 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current EBIT is ฿3,713 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.02, compared to a current price of ฿12.50 — trading 13.4% above its estimated fair value. The current EBIT is ฿3,713 Mil. Frasers Property Thailand Industrial Freehold & Leasehold REIT's overall GF Score™ is 75/100 with 12 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT), the current EBIT is ฿3,713 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT stock appears to be overvalued. The current stock price of ฿12.50 is trading 13.4% above its estimated GF Value™ of ฿11.02. GuruFocus considers Frasers Property Thailand Industrial Freehold & Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:FTREIT:

  • EBIT: ฿3,713 Mil
  • GF Value™: ฿11.02 vs. price of ฿12.50 (13.4% above fair value)
  • GF Score™: 75/100 with 12 warning signs

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


Frasers Property Thailand Industrial Freehold & Leasehold REIT Business Description

Industry Real EstateREITs
Address Rama 4 Road, No. 944 Mitrtown Office Tower, 22nd-23rd Floor, Wang Mai Sub-district, Pathum Wan District, Bangkok, THA, 10330
Frasers Property Thailand Industrial Freehold & Leasehold REIT invests in high-quality industrial and logistics properties. Its portfolio includes domestic factories, warehouses, and industrial and logistics properties which can generate high returns. The trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease, and/or sub-lease immovable properties. Its reportable operating segment is to provide the rental of immovable properties. Geographically, the trust's operation is carried on only in Thailand.
75GF Score

Get the complete analysis for BKK:FTREIT

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

฿12.50
Price
฿11.02
GF Value