Elme Communities (FRA:WRI) EBIT : €-18.9 Mil (TTM As of Mar. 2024)

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What is Elme Communities EBIT?

Elme Communities's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €5.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €-18.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elme Communities's annualized ROC % for the quarter that ended in Mar. 2024 was 0.88%. Elme Communities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elme Communities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.98%.

Elme Communities EBIT Historical Data

The historical data trend for Elme Communities'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.

Elme Communities EBIT Chart

Elme Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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44.53

-2.48

-16.88

-5.60

-20.68

Elme Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															2.98	3.86	-33.92	5.76	5.38

Competitive Comparison of Elme Communities's EBIT

For the REIT - Residential subindustry, Elme Communities'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.

Elme Communities's EV-to-EBIT Distribution in the REITs Industry

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

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

Elme Communities 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-18.9 Mil.

Elme Communities (FRA:WRI) EBIT Explanation

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

Elme Communities's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	16.328 * ( 1 - 0% )	/	( (1867.1	+	1859.422)	/ 2 )
=	16.328	/	1863.261
=	0.88 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	1742.326	-	50.307	-	( 5.487	-	max(0, 199.088	-	24.007	+	5.487	))
=	1867.1

	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	))
=	1726.416	-	43.24	-	( 3.863	-	max(0, 194.452	-	18.206	+	3.863	))
=	1859.422

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

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

Elme Communities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21.516	/	( ( (0 + max(-36.599, 0))	+	(0 + max(-32.909, 0)) )	/	2 )
=	21.516	/	( ( 0	+	0 )	/	2 )
=	21.516	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.178	+	0	+	2.342)	-	(50.307	+	4.812	+	-2.8421709430404E-14)
=	-36.599

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.855	+	0	+	2.488)	-	(43.24	+	4.012	+	0)
=	-32.909

When net working capital is negative, 0 is used.

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

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

Elme Communities's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-18.919	/	1927.401
	=	-0.98 %

Elme Communities EBIT Related Terms

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Elme Communities (FRA:WRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » EBIT

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Traded in Other Exchanges

ELME:USA

Address

1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006

Website

https://www.elmecommunities.com

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.