FRIVF (Fortune Real Estate Investment Trust) EBIT: $-82.3 Mil (TTM As of Dec. 2025)

What is Fortune Real Estate Investment Trust EBIT?

Fortune Real Estate Investment Trust FRIVF 74 EBIT is $-82.3 Mil as of Dec. 2025. GuruFocus rates FRIVF with a GF Score™ of 74/100 and a GF Value™ of $0.61. The stock has 7 warning signs investors should review.

Fortune Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $-33.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-82.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortune Real Estate Investment Trust's annualized ROC % for the quarter that ended in Dec. 2025 was 2.44%. Fortune Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortune Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -3.38%.

Fortune Real Estate Investment Trust (OTCPK:FRIVF) EBIT Explanation

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

Fortune Real Estate Investment Trust'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 )
=	132.778 * ( 1 - 0% )	/	( (5620.497	+	5257.998)	/ 2 )
=	132.778	/	5439.2475
=	2.44 %

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	))
=	4782.773	-	106.014	-	( 10.609	-	max(0, 968.795	-	25.057	+	10.609	))
=	5620.497

	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	))
=	4722.61	-	102.134	-	( 8.449	-	max(0, 660.826	-	23.304	+	8.449	))
=	5257.998

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:

Fortune Real Estate Investment Trust'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 )
=	-66.284	/	( ( (0 + max(-121.02, 0))	+	(0 + max(-117.001, 0)) )	/	2 )
=	-66.284	/	( ( 0	+	0 )	/	2 )
=	-66.284	/	0
=	%

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)
=	(4.963	+	0	+	9.485)	-	(106.014	+	0	+	29.454)
=	-121.02

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.985	+	0	+	9.87)	-	(102.134	+	0	+	29.722)
=	-117.001

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:

Fortune Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-82.279	/	2433.024
	=	-3.38 %

* 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.

Fortune Real Estate Investment Trust EBIT Related Terms

Fortune Real Estate Investment Trust EBIT Historical Data

* Premium members only.

The historical data trend for Fortune Real Estate Investment Trust's EBIT can be seen below:

Fortune Real Estate Investment Trust EBIT Chart

Fortune Real Estate Investment Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

208.79

128.28

64.88

20.42

-82.71

Fortune Real Estate Investment Trust 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															-10.15	40.24	-20.01	-49.14	-33.14

FRIVF vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Fortune Real Estate Investment Trust'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.

Fortune Real Estate Investment Trust EV-to-EBIT vs REITs Industry

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

* The bar in red indicates where Fortune Real Estate Investment Trust's EV-to-EBIT falls into.

Save Embed

74GF Score

Fortune Real Estate Investment Trust FRIVF

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

View Full Analysis

Fortune Real Estate Investment Trust 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 $-82.3 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-82.3 Mil mean?

Fortune Real Estate Investment Trust (FRIVF) has a EBIT of $-82.3 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortune Real Estate Investment Trust.

Is Fortune Real Estate Investment Trust's EBIT too high?

Fortune Real Estate Investment Trust's current EBIT is $-82.3 Mil. Overall, Fortune Real Estate Investment Trust has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.

How does Fortune Real Estate Investment Trust's EBIT compare to SPG and O?

Fortune Real Estate Investment Trust's EBIT of $-82.3 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 Fortune Real Estate Investment Trust. Fortune Real Estate Investment Trust's current EBIT is $-82.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Fortune Real Estate Investment Trust stock overvalued right now?

Fortune Real Estate Investment Trust (FRIVF) has a current EBIT of $-82.3 Mil. The stock's GF Value™ is $0.61, compared to a current price of $0.66 — trading 8.7% above its estimated fair value. The current EBIT is $-82.3 Mil. Fortune Real Estate Investment Trust's overall GF Score™ is 74/100 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 Fortune Real Estate Investment Trust (FRIVF), the current EBIT is $-82.3 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 Fortune Real Estate Investment Trust (FRIVF) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Real Estate Investment Trust stock appears to be overvalued. The current stock price of $0.66 is trading 8.7% above its estimated GF Value™ of $0.61.

Key valuation signals for FRIVF:

EBIT: $-82.3 Mil
GF Value™: $0.61 vs. price of $0.66 (8.7% above fair value)
GF Score™: 74/100 with 7 warning signs

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

Fortune Real Estate Investment Trust Business Description

Industry Real Estate REITs

Comparable Companies HKSE:02778 SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC NNN ASX:VCX TSX:CHP.UN EPRT MAC KRG TSE:8953

Other Exchanges 00778:Hong Kong

Address 5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985

Website https://www.fortunereit.com

Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.

74GF Score

Get the complete analysis for FRIVF

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

$0.66

Price

$0.61

GF Value

View FRIVF Analysis

See EBIT data for all stocks →