Keppel DC REIT (FRA:R09) EBIT: €347.7 Mil (TTM As of Dec. 2025)

What is Keppel DC REIT EBIT?

Keppel DC REIT FRA:R09 63 EBIT is €347.7 Mil as of Dec. 2025. GuruFocus rates FRA:R09 with a GF Score™ of 63/100 and a GF Value™ of €1.63 (Fairly Valued). The stock has 10 warning signs investors should review.

Keppel DC REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €229.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €347.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keppel DC REIT's annualized ROC % for the quarter that ended in Dec. 2025 was 5.39%. Keppel DC REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 869.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Keppel DC REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.69%.

Keppel DC REIT (FRA:R09) EBIT Explanation

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

Keppel DC REIT'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: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	231.598 * ( 1 - 8.77% )	/	( (3494.809	+	4343.024)	/ 2 )
=	211.2868554	/	3918.9165
=	5.39 %

where

	Invested Capital		(Q: Jun. 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	))
=	3677.825	-	69.229	-	( 169.548	-	max(0, 140.543	-	254.33	+	169.548	))
=	3494.809

	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	))
=	4552.979	-	83.835	-	( 232.816	-	max(0, 303.309	-	429.429	+	232.816	))
=	4343.024

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

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

Keppel DC REIT'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: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	458.554	/	( ( (0 + max(5.249, 0))	+	(0 + max(100.243, 0)) )	/	2 )
=	458.554	/	( ( 5.249	+	100.243 )	/	2 )
=	458.554	/	52.746
=	869.36 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(70.327	+	0	+	11.744)	-	(69.229	+	0	+	7.593)
=	5.249

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(135.115	+	0	+	61.498)	-	(83.835	+	0	+	12.535)
=	100.243

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	347.677	/	5194.463
	=	6.69 %

* 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.

Keppel DC REIT EBIT Related Terms

Keppel DC REIT EBIT Historical Data

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The historical data trend for Keppel DC REIT's EBIT can be seen below:

Keppel DC REIT EBIT Chart

Keppel DC REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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235.87

205.67

139.61

285.46

345.49

Keppel DC REIT Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															50.77	106.87	167.48	118.40	229.28

FRA:R09 vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Keppel DC 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.

Keppel DC REIT EV-to-EBIT vs REITs Industry

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

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

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63GF Score

Keppel DC REIT FRA:R09

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Keppel DC 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €347.7 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €347.7 Mil mean?

Keppel DC REIT (FRA:R09) has a EBIT of €347.7 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Keppel DC REIT.

Is Keppel DC REIT's EBIT too high?

Keppel DC REIT's current EBIT is €347.7 Mil. Overall, Keppel DC REIT has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Keppel DC REIT's EBIT compare to BXP and ARE?

Keppel DC REIT's EBIT of €347.7 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 Keppel DC REIT. Keppel DC REIT's current EBIT is €347.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Keppel DC REIT stock overvalued right now?

Based on GuruFocus' analysis, Keppel DC REIT (FRA:R09) is currently considered Fairly Valued. The stock's GF Value™ is €1.63, compared to a current price of €1.50 — trading 8% below its estimated fair value. The current EBIT is €347.7 Mil. Keppel DC REIT's overall GF Score™ is 63/100 with 10 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 Keppel DC REIT (FRA:R09), the current EBIT is €347.7 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 Keppel DC REIT (FRA:R09) Overvalued in 2026?

Based on GuruFocus' analysis, Keppel DC REIT stock appears to be undervalued. The current stock price of €1.50 is trading 8% below its estimated GF Value™ of €1.63. GuruFocus considers Keppel DC REIT to be Fairly Valued.

Key valuation signals for FRA:R09:

EBIT: €347.7 Mil
GF Value™: €1.63 vs. price of €1.50 (8% below fair value)
GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the FRA:R09 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Keppel DC REIT Business Description

Industry Real Estate REITs

Comparable Companies SGX:N2IU SGX:K71U SGX:TS0U SGX:MXNU SGX:UD1U SGX:OXMU SGX:CMOU SGX:BTOU XMAD:MRL BXP ARE TSE:8951 VNO XPAR:GFC TSE:8952 CUZ ASX:DXS BOM:542602 XMAD:COL KRC

Other Exchanges KPDCF:USA AJBU:Singapore

Address 16 Collyer Quay, No. 07-01, Singapore, SGP, 049318

Website https://www.keppeldcreit.com

Keppel DC REIT is a real estate investment trust that principally invests in real estate assets used primarily for data center purposes and assets necessary to support the digital economy. As at March 31, 2026, it held a SGD 6.3 billion portfolio of 25 properties across 10 countries in Asia and Europe. Its properties are leased out as colocation, fully fitted, and shell and core data centers. The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Limited owns around a 20% stake in the trust.

63GF Score

Get the complete analysis for FRA:R09

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

€1.50

Price

€1.63

GF Value

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