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Gramercy Property Trust's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2018 was $46.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2018 was $175.42 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gramercy Property Trust's annualized ROC % for the quarter that ended in Jun. 2018 was 2.54%. Gramercy Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was %.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gramercy Property Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 68.33%.
The historical data trend for Gramercy Property Trust'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.
Gramercy Property Trust Annual Data | |||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | ||||||||||
EBIT | Get a 7-Day Free Trial |
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-0.05 | 72.59 | -13.62 | 97.34 | 135.57 |
Gramercy Property Trust Quarterly Data | ||||||||||||||||||||
Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | |
EBIT | Get a 7-Day Free Trial |
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29.37 | 69.28 | 22.14 | 37.72 | 46.29 |
For the REIT - Industrial subindustry, Gramercy Property 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.
For the REITs industry and Real Estate sector, Gramercy Property Trust's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Gramercy Property Trust's EV-to-EBIT falls into.
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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $175.42 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.
Gramercy Property Trust (NYSE:GPTpA.PFD) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Gramercy Property Trust's annualized ROC % for the quarter that ended in Jun. 2018 is calculated as:
ROC % (Q: Jun. 2018 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2018 ) | + | Invested Capital (Q: Jun. 2018 )) | / count ) |
= | 158.48 * ( 1 - -0.3% ) | / | ( (6252.044 | + | 6267.721) | / 2 ) |
= | 158.95544 | / | 6259.8825 | |||
= | 2.54 % |
where
Invested Capital | (Q: Mar. 2018 ) | |||||||||||
= | 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 | )) |
= | 6401.976 | - | 122.531 | - | ( 41.964 | - | max(0, 122.531 | - | 149.932 | + | 41.964 | )) |
= | 6252.044 |
Invested Capital | (Q: Jun. 2018 ) | |||||||||||
= | 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 | )) |
= | 6433.748 | - | 108.375 | - | ( 59.741 | - | max(0, 108.375 | - | 166.027 | + | 59.741 | )) |
= | 6267.721 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2018) data.
2. Joel Greenblatt's definition of Return on Capital:
Gramercy Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2018 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2018 | Q: Jun. 2018 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 185.156 | / | ( ( (0 + max(-107.088, 0)) | + | (0 + max(-96.349, 0)) ) | / | 2 ) |
= | 185.156 | / | ( ( 0 | + | 0 ) | / | 2 ) |
= | 185.156 | / | 0 | ||||
= | % |
where Working Capital is:
Working Capital | (Q: Mar. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 15.443) | - | (122.531 | + | 0 | + | 0) |
= | -107.088 |
Working Capital | (Q: Jun. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 12.026) | - | (108.375 | + | 0 | + | 0) |
= | -96.349 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Gramercy Property Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2018 ) |
= | 175.424 | / | 256.743 | |
= | 68.33 % |
* 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.
Thank you for viewing the detailed overview of Gramercy Property Trust's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Nicholas L. Pell | officer: Chief Investment Officer | 521 5TH AVENUE, 30TH FLOOR, NEW YORK NY 10175 |
James L Francis | director | 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401 |
Charles E Black | director | 101 W. BROADWAY, SUITE 840, SAN DIEGO CA 92101 |
Louis P Salvatore | director | 7 SYLVAN WAY, PARSIPPANY NJ 07054 |
Gregory F Hughes | director | |
Jon W. Clark | officer: CFO | 420 LEXINGTON AVE., NEW YORK NY 10170 |
Benjamin P Harris | officer: President | WP CAREY & CO LLC, 50 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Matey Edward J Jr | officer: EVP,Secretary+General Counsel | |
Allan Baum | director | 126 PIERREPONT STREET #3, BROOKLYN NY 11201 |
Jeffrey E Kelter | director | C/O JACK CREEK INVESTMENT CORP., 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016 |
Z Jamie Behar | director | 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618 |
Gordon F Dugan | director, officer: CEO | 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020 |
Thomas D Eckert | director | 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401 |
Hugh O'beirne | officer: Chief Legal Officer | C/O CHAMBERS STREET PROPERTIES, HULFISH STREET, SUITE 210, PRINCETON NJ 08542 |
Mark W Brugger | director | C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 3000, BETHESDA MD 20817 |
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