Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) EBIT: R$3.25 Mil (TTM As of Dec. 2025)

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BSP:HDEL11 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
24 GF Score
Price R$3.30
! 2 Warning Signs
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What is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio EBIT?

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11 24 EBIT is R$3.25 Mil as of Dec. 2025. GuruFocus rates BSP:HDEL11 with a GF Score™ of 24/100. The stock has 2 warning signs investors should review.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R$3.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R$3.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized ROC % for the quarter that ended in Dec. 2025 was 1.55%. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 20.51%.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio  (BSP:HDEL11) EBIT Explanation

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

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3.247 * ( 1 - 0% )/( (207.153 + 212.417)/ 2 )
=3.247/209.785
=1.55 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=196.963 - 14.486 - ( 2.634 - max(0, 33.813 - 9.137+2.634))
=207.153

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))
=272.209 - 38.751 - ( 21.041 - max(0, 89.507 - 264.312+21.041))
=212.417

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

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

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.247/( ( (0 + max(-7.983, 0)) + (0 + max(187.865, 0)) )/ 2 )
=3.247/( ( 0 + 187.865 )/ 2 )
=3.247/93.9325
=3.46 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.829 + 0 + 4.674) - (14.486 + 0 + 0)
=-7.983

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.376 + 164.895 + 75) - (38.751 + 0 + 16.655)
=187.865

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

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

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3.247/15.832
=20.51 %

* 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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio EBIT Related Terms

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio EBIT Historical Data

* Premium members only.

The historical data trend for Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio EBIT Chart

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBIT
0.00 -7.68 -18.51 3.25

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
EBIT 0.00 -7.68 -18.51 3.25

BSP:HDEL11 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio'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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's EV-to-EBIT falls into.


BSP:HDEL11
24GF Score
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio BSP:HDEL11
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R$3.25 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 R$3.25 Mil mean?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a EBIT of R$3.25 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's EBIT too high?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current EBIT is R$3.25 Mil. Overall, Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's EBIT compare to VICI and WPC?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's EBIT of R$3.25 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's current EBIT is R$3.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio stock overvalued right now?
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11) has a current EBIT of R$3.25 Mil. The current EBIT is R$3.25 Mil. Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio's overall GF Score™ is 24/100 with 2 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 Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio (BSP:HDEL11), the current EBIT is R$3.25 Mil as of Dec. 2025. 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.

Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima 3600, 11th Floor, cjto 112 (parte), Sao Paulo, SP, BRA, 4538132
Hedge Desenvolvimento Logistico Fundo DE Investimento Imobilirio is a closed-end fund. The fund's objective is to provide its shareholders with appreciation and profitability of their shares in the long term, aiming to obtain capital gains through the investment of its assets.
24GF Score

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

R$3.30
Price