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Caplease, (FRA:DBJ) EBIT : €3.9 Mil (TTM As of Jun. 2013)


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What is Caplease, EBIT?

Caplease,'s earnings before interest and taxes (EBIT) for the three months ended in Jun. 2013 was €0.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was €3.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Caplease,'s annualized ROC % for the quarter that ended in Jun. 2013 was 0.10%. Caplease,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 0.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Caplease,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 0.70%.


Caplease, EBIT Historical Data

The historical data trend for Caplease,'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.

Caplease, EBIT Chart

Caplease, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.02 -16.57 -1.28 0.10 2.34

Caplease, Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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 0.34 0.92 1.06 1.57 0.35

Competitive Comparison of Caplease,'s EBIT

For the REIT - Office subindustry, Caplease,'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.


Caplease,'s EV-to-EBIT Distribution in the REITs Industry

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

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



Caplease, 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.9 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.


Caplease,  (FRA:DBJ) EBIT Explanation

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

Caplease,'s annualized ROC % for the quarter that ended in Jun. 2013 is calculated as:

ROC % (Q: Jun. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2013 ) + Invested Capital (Q: Jun. 2013 ))/ count )
=1.4 * ( 1 - 0% )/( (1417.301 + 1424.457)/ 2 )
=1.4/1420.879
=0.10 %

where

Invested Capital(Q: Mar. 2013 )
=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))
=1377.446 - 27.002 - ( 55.483 - max(0, 122.34 - 55.483+55.483))
=1417.301

Invested Capital(Q: Jun. 2013 )
=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))
=1381.091 - 24.199 - ( 19.365 - max(0, 151.413 - 83.848+19.365))
=1424.457

Note: The Operating Income data used here is four times the quarterly (Jun. 2013) data.

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

Caplease,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2013 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2013  Q: Jun. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.4/( ( (1190.4 + max(-27.003, 0)) + (1094.964 + max(28.627, 0)) )/ 2 )
=1.4/( ( 1190.4 + 1123.591 )/ 2 )
=1.4/1156.9955
=0.12 %

where Working Capital is:

Working Capital(Q: Mar. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (27.002 + 0 + 0.0010000000000048)
=-27.003

Working Capital(Q: Jun. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 56.863) - (24.199 + 4.037 + 0)
=28.627

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

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

Caplease,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2013 )
=3.902/558.306
=0.70 %

* 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.


Caplease, EBIT Related Terms

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Caplease, (FRA:DBJ) Business Description

Traded in Other Exchanges
N/A
Address
CapLease, Inc. was incorporated in Maryland. The Company completed its initial public offering in March 2004. It is a real estate investment trust, or REIT, that invests mainly in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants. It focuses on properties that are subject to a net lease, or a lease that requires the tenant to pay all or substantially all expenses normally associated with the ownership of the property, such as utilities, real estate taxes, insurance and routine maintenance. The Company also has made and expects to continue to make investments in single tenant properties where the owner has exposure to property expenses when it determines it could sufficiently underwrite that exposure and isolate a predictable cash flow. The Company has two complimentary business lines: owning single tenant properties and making first mortgage loans and other debt investments on single tenant properties. It conducts its business through a number of subsidiaries. The Company owns most of its owned properties through its predecessor and operating partnership, Caplease, LP (the 'Operating Partnership'). It is the indirect sole general partner of, and owns approximately 99.6% of the common equity of, the Operating Partnership. The Company is subject to competition in each of its business segments. It competes with specialty finance companies, insurance companies, commercial banks, investment banks, savings and loan associations, mortgage bankers, mutual funds, institutional investors, pension funds, hedge funds, other lenders, governmental bodies and individuals and other entities, including REITs.

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