Highlands REIT (Highlands REIT) EBIT : $-5.21 Mil (TTM As of Dec. 2023)

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What is Highlands REIT EBIT?

Highlands REIT's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-2.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-5.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highlands REIT's annualized ROC % for the quarter that ended in Dec. 2023 was -4.07%. Highlands REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highlands REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.54%.

Highlands REIT EBIT Historical Data

The historical data trend for Highlands REIT'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.

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Highlands REIT EBIT Chart

Highlands REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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8.74

-29.17

-9.81

-4.97

-5.21

Highlands REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-2.88	-0.93	-0.94	-0.53	-2.82

Competitive Comparison of Highlands REIT's EBIT

For the REIT - Diversified subindustry, Highlands 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.

Highlands REIT's EV-to-EBIT Distribution in the REITs Industry

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

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

Highlands 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.21 Mil.

Highlands REIT (OTCPK:HHDS) EBIT Explanation

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

Highlands REIT's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-12.752 * ( 1 - 0% )	/	( (310.946	+	315.413)	/ 2 )
=	-12.752	/	313.1795
=	-4.07 %

where

	Invested Capital		(Q: Sep. 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	))
=	352.891	-	11.221	-	( 33.561	-	max(0, 11.221	-	41.945	+	33.561	))
=	310.946

	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	))
=	341.152	-	12.356	-	( 17.078	-	max(0, 12.356	-	25.739	+	17.078	))
=	315.413

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Highlands REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.26	/	( ( (0 + max(-2.837, 0))	+	(0 + max(-3.695, 0)) )	/	2 )
=	-11.26	/	( ( 0	+	0 )	/	2 )
=	-11.26	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.583	+	0	+	1.801)	-	(11.221	+	0	+	0)
=	-2.837

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.255	+	0	+	2.406)	-	(12.356	+	0	+	0)
=	-3.695

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-5.206	/	147.016
	=	-3.54 %

Highlands REIT EBIT Related Terms

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Highlands REIT (Highlands REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Highlands REIT Inc (OTCPK:HHDS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Dearborn Street, 20th Floor, Chicago, IL, USA, 60603

Website

https://www.highlandsreit.com

Highlands REIT Inc is an independent, self-advised, non-traded real estate investment trust. The company's portfolio consists of office, industrial, retail and apartment assets, correctional facility, and unimproved land. Its business activities are operated through two business segments namely Multi-family and other. The company generates maximum revenue from the Multi-family segment.

Executives

Kimberly A Karas	officer: See Remarks	1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Jeffrey L. Shekell	director	1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Robert J. Lange	officer: See Remarks	1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Paul A. Melkus	director	332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604
R. David Turner	director	1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Inventrust Properties Corp.	10 percent owner	3025 HIGHLAND PARKWAY SUITE 350, DOWNERS GROVE IL 60515
Richard Vance	director, officer: See Remarks	1 SOUTH DEARBORN STREET, 20TH FLOOR, CHICAGO IL 60603
Joseph M. Giannini	officer: See Remarks	332 S MICHIGAN AVENUE, NINTH FLOOR, CHICAGO IL 60604

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