FCRQF (Ichigo Office REIT Investment) EBIT: $58.8 Mil (TTM As of Apr. 2026)

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FCRQF Ichigo Office REIT Investment Corp FCRQF
67 GF Score
Price $585.00
GF Value $547.59
! 11 Warning Signs
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What is Ichigo Office REIT Investment EBIT?

Ichigo Office REIT Investment FCRQF 67 EBIT is $58.8 Mil as of Apr. 2026. GuruFocus rates FCRQF with a GF Score™ of 67/100 and a GF Value™ of $547.59. The stock has 11 warning signs investors should review.

Ichigo Office REIT Investment's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2026 was $27.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was $58.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ichigo Office REIT Investment's annualized ROC % for the quarter that ended in Apr. 2026 was 3.72%. Ichigo Office REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ichigo Office REIT Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.52%.


Ichigo Office REIT Investment  (OTCPK:FCRQF) EBIT Explanation

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

Ichigo Office REIT Investment's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=57.526 * ( 1 - 0.02% )/( (1565.802 + 1524.96)/ 2 )
=57.5144948/1545.381
=3.72 %

where

Invested Capital(Q: Oct. 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))
=1614.494 - 15.625 - ( 80.229 - max(0, 149.69 - 182.757+80.229))
=1565.802

Invested Capital(Q: Apr. 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))
=1542.816 - 16.572 - ( 46.855 - max(0, 144.97 - 146.254+46.855))
=1524.96

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

Ichigo Office REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=54.094/( ( (1394.409 + max(76.112, 0)) + (1361.133 + max(72.078, 0)) )/ 2 )
=54.094/( ( 1470.521 + 1433.211 )/ 2 )
=54.094/1451.866
=3.73 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.082 + 0 + 102.446) - (15.625 + 0 + 10.791)
=76.112

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.165 + 0 + 99.234) - (16.572 + 0 + 10.749)
=72.078

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

Ichigo Office REIT Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=58.844/1673.228
=3.52 %

* 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.


Ichigo Office REIT Investment EBIT Related Terms


Ichigo Office REIT Investment EBIT Historical Data

* Premium members only.

The historical data trend for Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment EBIT Chart

Ichigo Office REIT Investment Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.42 64.43 51.59 69.89 56.84

Ichigo Office REIT Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 24.96 31.22 40.19 31.80 27.05

FCRQF vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Ichigo Office REIT Investment'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.


Ichigo Office REIT Investment EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ichigo Office REIT Investment's EV-to-EBIT falls into.


FCRQF
67GF Score
Ichigo Office REIT Investment Corp FCRQF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichigo Office REIT Investment 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $58.8 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 $58.8 Mil mean?
Ichigo Office REIT Investment (FCRQF) has a EBIT of $58.8 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ichigo Office REIT Investment.
Is Ichigo Office REIT Investment's EBIT too high?
Ichigo Office REIT Investment's current EBIT is $58.8 Mil. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's EBIT compare to BXP and ARE?
Ichigo Office REIT Investment's EBIT of $58.8 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 Ichigo Office REIT Investment. Ichigo Office REIT Investment's current EBIT is $58.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Office REIT Investment stock overvalued right now?
Ichigo Office REIT Investment (FCRQF) has a current EBIT of $58.8 Mil. The stock's GF Value™ is $547.59, compared to a current price of $585.00 — trading 6.8% above its estimated fair value. The current EBIT is $58.8 Mil. Ichigo Office REIT Investment's overall GF Score™ is 67/100 with 11 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 Ichigo Office REIT Investment (FCRQF), the current EBIT is $58.8 Mil as of Apr. 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 Ichigo Office REIT Investment (FCRQF) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued. The current stock price of $585.00 is trading 6.8% above its estimated GF Value™ of $547.59.

Key valuation signals for FCRQF:

  • EBIT: $58.8 Mil
  • GF Value™: $547.59 vs. price of $585.00 (6.8% above fair value)
  • GF Score™: 67/100 with 11 warning signs

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


Ichigo Office REIT Investment Business Description

Industry Real EstateREITs
Other Exchanges 8975:Japan
Address Marunouchi Park Building, 2-6-1 Marunouchi, 20th floor, Chiyoda-ku, Tokyo, JPN, 100-6920
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.
67GF Score

Get the complete analysis for FCRQF

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

$585.00
Price
$547.59
GF Value