Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) EBIT: R$23.63 Mil (TTM As of Dec. 2025)


BSP:TSER11 Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
43 GF Score
Price R$108.00
GF Value R$93.95
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT?

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario BSP:TSER11 43 EBIT is R$23.63 Mil as of Dec. 2025. GuruFocus rates BSP:TSER11 with a GF Score™ of 43/100 and a GF Value™ of R$93.95 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R$23.63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R$23.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC % for the quarter that ended in Dec. 2025 was 8.35%. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10,549.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.67%.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario  (BSP:TSER11) EBIT Explanation

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario'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 )
=22.537 * ( 1 - 0% )/( (270.721 + 269.239)/ 2 )
=22.537/269.98
=8.35 %

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))
=265.543 - 1.595 - ( 7.757 - max(0, 16.416 - 9.643+7.757))
=270.721

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))
=266.371 - 1.729 - ( 8.385 - max(0, 14.868 - 10.271+8.385))
=269.239

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

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

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario'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 )
=23.631/( ( (0 + max(0.291, 0)) + (0 + max(0.157, 0)) )/ 2 )
=23.631/( ( 0.291 + 0.157 )/ 2 )
=23.631/0.224
=10,549.55 %

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)
=(1.886 + 0 + 1.7763568394003E-15) - (1.595 + 0 + 0)
=0.291

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.886 + 0 + 1.7763568394003E-15) - (1.729 + 0 + 1.7763568394003E-15)
=0.157

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:

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=23.631/272.491
=8.67 %

* 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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Related Terms

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Historical Data

* Premium members only.

The historical data trend for Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario'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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EBIT Chart

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
0.00 31.32 32.32 26.23 23.63

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
EBIT 0.00 31.32 32.32 26.23 23.63

BSP:TSER11 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario'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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EV-to-EBIT falls into.


BSP:TSER11
43GF Score
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario 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$23.63 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$23.63 Mil mean?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) has a EBIT of R$23.63 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EBIT too high?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current EBIT is R$23.63 Mil. Overall, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EBIT compare to VICI and WPC?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's EBIT of R$23.63 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 Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current EBIT is R$23.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) is currently considered Modestly Overvalued. The stock's GF Value™ is R$93.95, compared to a current price of R$108.00 — trading 15% above its estimated fair value. The current EBIT is R$23.63 Mil. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's overall GF Score™ is 43/100 with 4 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 Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11), the current EBIT is R$23.63 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.

Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Overvalued in 2026?

Based on GuruFocus' analysis, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$108.00 is trading 15% above its estimated GF Value™ of R$93.95. GuruFocus considers Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario to be Modestly Overvalued.

Key valuation signals for BSP:TSER11:

  • EBIT: R$23.63 Mil
  • GF Value™: R$93.95 vs. price of R$108.00 (15% above fair value)
  • GF Score™: 43/100 with 4 warning signs

No single metric tells the full story. See the BSP:TSER11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenida Reboucas, 2728, 2nd Floor, Waldyr Beira Building, Pinheiros, Sao Paulo, SP, BRA, 5402-500
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario acquires, repositions, develops, and operates office, retail, and residential projects. The company focuses on prime assets located in the central business districts of metropolitan areas in the United States, Europe, Brazil, China, and India.
43GF Score

Get the complete analysis for BSP:TSER11

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

R$108.00
Price
R$93.95
GF Value