Nippon Prologis REIT (FRA:9NPA) EBIT: €178.2 Mil (TTM As of May. 2026)

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FRA:9NPA Nippon Prologis REIT Inc FRA:9NPA
75 GF Score
Price €486.00
GF Value €485.30
! 7 Warning Signs
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What is Nippon Prologis REIT EBIT?

Nippon Prologis REIT FRA:9NPA 75 EBIT is €178.2 Mil as of May. 2026. GuruFocus rates FRA:9NPA with a GF Score™ of 75/100 and a GF Value™ of €485.30. The stock has 7 warning signs investors should review.

Nippon Prologis REIT's earnings before interest and taxes (EBIT) for the six months ended in May. 2026 was €85.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2026 was €178.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Prologis REIT's annualized ROC % for the quarter that ended in May. 2026 was 3.44%. Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 3.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Prologis REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2026 was 3.01%.


Nippon Prologis REIT  (FRA:9NPA) EBIT Explanation

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

Nippon Prologis REIT's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: May. 2026 ))/ count )
=172.932 * ( 1 - 0.01% )/( (5063.132 + 4981.685)/ 2 )
=172.9147068/5022.4085
=3.44 %

where

Invested Capital(Q: Nov. 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))
=5017.403 - 34.439 - ( 124.05 - max(0, 262.232 - 182.064+124.05))
=5063.132

Invested Capital(Q: May. 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))
=4845.229 - 17.408 - ( 118.122 - max(0, 330.83 - 176.966+118.122))
=4981.685

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

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

Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=170.546/( ( (4827.03 + max(-29.703, 0)) + (4660.825 + max(-6.233, 0)) )/ 2 )
=170.546/( ( 4827.03 + 4660.825 )/ 2 )
=170.546/4743.9275
=3.60 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.495 + 0 + 47.519) - (34.439 + 0 + 53.278)
=-29.703

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.682 + 0 + 48.162) - (17.408 + 0 + 47.669)
=-6.233

When net working capital is negative, 0 is used.

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

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

Nippon Prologis REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2026 )
=178.233/5926.867
=3.01 %

* 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.


Nippon Prologis REIT EBIT Related Terms


Nippon Prologis REIT EBIT Historical Data

* Premium members only.

The historical data trend for Nippon Prologis 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.

Nippon Prologis REIT EBIT Chart

Nippon Prologis REIT Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov23 Nov24 Nov25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 171.13 176.21 155.56 166.08 185.70

Nippon Prologis REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 80.41 83.05 101.83 92.96 85.27

FRA:9NPA vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Nippon Prologis 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.


Nippon Prologis REIT EV-to-EBIT vs REITs Industry

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

* The bar in red indicates where Nippon Prologis REIT's EV-to-EBIT falls into.


FRA:9NPA
75GF Score
Nippon Prologis REIT Inc FRA:9NPA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Prologis 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 May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €178.2 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 €178.2 Mil mean?
Nippon Prologis REIT (FRA:9NPA) has a EBIT of €178.2 Mil as of May. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nippon Prologis REIT.
Is Nippon Prologis REIT's EBIT too high?
Nippon Prologis REIT's current EBIT is €178.2 Mil. Overall, Nippon Prologis REIT has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's EBIT compare to PLD and PSA?
Nippon Prologis REIT's EBIT of €178.2 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 Nippon Prologis REIT. Nippon Prologis REIT's current EBIT is €178.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (FRA:9NPA) has a current EBIT of €178.2 Mil. The stock's GF Value™ is €485.30, compared to a current price of €486.00 — trading 0.1% above its estimated fair value. The current EBIT is €178.2 Mil. Nippon Prologis REIT's overall GF Score™ is 75/100 with 7 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 Nippon Prologis REIT (FRA:9NPA), the current EBIT is €178.2 Mil as of May. 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 Nippon Prologis REIT (FRA:9NPA) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be overvalued. The current stock price of €486.00 is trading 0.1% above its estimated GF Value™ of €485.30.

Key valuation signals for FRA:9NPA:

  • EBIT: €178.2 Mil
  • GF Value™: €485.30 vs. price of €486.00 (0.1% above fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the FRA:9NPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Prologis REIT Business Description

Industry Real EstateREITs
Other Exchanges 3283:Japan
Address 7-3, Marunouchi 2-chome, Tokyo Building 22nd Floor, Chiyoda-ku, Tokyo, JPN, 100-6422
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
75GF Score

Get the complete analysis for FRA:9NPA

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

€486.00
Price
€485.30
GF Value