GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Clipper Realty Inc (NYSE:CLPR) » Definitions » EBIT

CLPR (Clipper Realty) EBIT : $37.3 Mil (TTM As of Jun. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Clipper Realty EBIT?

Clipper Realty's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $10.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $37.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clipper Realty's annualized ROC % for the quarter that ended in Jun. 2024 was 3.25%. Clipper Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 323.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clipper Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.81%.


Clipper Realty EBIT Historical Data

The historical data trend for Clipper Realty'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.

* Premium members only.

Clipper Realty EBIT Chart

Clipper Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.06 28.00 21.27 27.64 29.30

Clipper Realty Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.04 9.20 9.02 9.07 10.00

Competitive Comparison of Clipper Realty's EBIT

For the REIT - Residential subindustry, Clipper Realty'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.


Clipper Realty's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Clipper Realty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Clipper Realty's EV-to-EBIT falls into.



Clipper Realty 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $37.3 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.


Clipper Realty  (NYSE:CLPR) EBIT Explanation

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

Clipper Realty's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=39.992 * ( 1 - 0% )/( (1226.482 + 1234.546)/ 2 )
=39.992/1230.514
=3.25 %

where

Invested Capital(Q: Mar. 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))
=1263.943 - 15.579 - ( 21.882 - max(0, 15.579 - 53.414+21.882))
=1226.482

Invested Capital(Q: Jun. 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))
=1274.602 - 19.802 - ( 20.254 - max(0, 19.802 - 48.855+20.254))
=1234.546

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Clipper Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=39.992/( ( (0 + max(15.953, 0)) + (0 + max(8.799, 0)) )/ 2 )
=39.992/( ( 15.953 + 8.799 )/ 2 )
=39.992/12.376
=323.14 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.836 + 0 + 26.696) - (15.579 + 0 + 0)
=15.953

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.836 + 0 + 22.765) - (19.802 + 0 + 0)
=8.799

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Clipper Realty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=37.287/1324.687
=2.81 %

* 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.


Clipper Realty EBIT Related Terms

Thank you for viewing the detailed overview of Clipper Realty's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Clipper Realty Business Description

Traded in Other Exchanges
N/A
Address
4611 12th Avenue, Suite 1L, Brooklyn, NY, USA, 11219
Clipper Realty Inc is a self-administered and self-managed real estate company. It acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. It has classified its reporting segments into Residential Rental Properties and Commercial Rental Properties. Clipper derives its revenue mostly from a Residential segment.
Executives
Howard M Lorber director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Harmon Spolan director OOZEN O CONNOR, 1900 MARKET ST 4TH FL, PHILADELPHIA PA 19103
Sam Levinson director, 10 percent owner 9190 PRIORITY WAY WEST DRIVE, SUITE 300, INDIANAPOLIS IN 46240
David Bistricer director, 10 percent owner, officer: Co-Chairman and CEO PO BOX 407, BROOKLIN NY 11219
Michael Charles Frenz officer: Chief Financial Officer C/O CLIPPER REALTY INC, 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219
Roberto Angelo Verrone director 200 HIGHLAND AVENUE, SHORT HILLS NJ 07078
Robert Jay Ivanhoe director GREENBERG TRAURIG, LLP, 200 PARK AVENUE, NEW YORK NY 10166
Richard N Burger director P.O. BOX 28543, SCOTTSDALE AZ 85255
Lawrence E Kreider officer: Chief Financial Officer 600 GRANT STREET, SUITE 900, DENVER CO 80203
Jacob Bistricer officer: Chief Operating Officer 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219
Jacob Schwimmer officer: Chief PM Offcier 1738 47TH STREET, BROOKLYN NY 11204

Clipper Realty Headlines

From GuruFocus

Q4 2019 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q1 2021 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q3 2022 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q4 2018 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q2 2020 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q4 2021 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q3 2019 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q1 2024 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 05-08-2024

Q3 2023 Clipper Realty Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024