Hudson Pacific Properties (Hudson Pacific Properties) EBIT : $7.42 Mil (TTM As of Dec. 2023)

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What is Hudson Pacific Properties EBIT?

Hudson Pacific Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-30.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $7.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hudson Pacific Properties's annualized ROC % for the quarter that ended in Dec. 2023 was -0.75%. Hudson Pacific Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hudson Pacific Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.65%.

Hudson Pacific Properties EBIT Historical Data

The historical data trend for Hudson Pacific Properties'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.

Hudson Pacific Properties EBIT Chart

Hudson Pacific Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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155.43

123.37

150.95

133.38

50.51

Hudson Pacific Properties 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															35.38	29.48	17.40	-30.19	-9.27

Competitive Comparison of Hudson Pacific Properties's EBIT

For the REIT - Office subindustry, Hudson Pacific Properties'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.

Hudson Pacific Properties's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Hudson Pacific Properties's EV-to-EBIT falls into.

Hudson Pacific Properties 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 $7.42 Mil.

Hudson Pacific Properties (NYSE:HPPpBCL.PFD) EBIT Explanation

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

Hudson Pacific Properties'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 )
=	-60.38 * ( 1 - -7.36% )	/	( (9075.589	+	8096.812)	/ 2 )
=	-64.823968	/	8586.2005
=	-0.75 %

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	))
=	8986.802	-	267.426	-	( 75.04	-	max(0, 787.426	-	431.213	+	75.04	))
=	9075.589

	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	))
=	8282.05	-	203.736	-	( 100.391	-	max(0, 395.736	-	377.238	+	100.391	))
=	8096.812

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

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

Hudson Pacific Properties'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 )
=	-120.776	/	( ( (507.08 + max(88.747, 0))	+	(495.089 + max(73.111, 0)) )	/	2 )
=	-120.776	/	( ( 595.827	+	568.2 )	/	2 )
=	-120.776	/	582.0135
=	-20.75 %

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)
=	(310.268	+	5.954	+	39.951)	-	(267.426	+	0	+	1.1368683772162E-13)
=	88.747

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(245.396	+	0	+	31.451)	-	(203.736	+	0	+	0)
=	73.111

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:

Hudson Pacific Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	7.42	/	1145.372
	=	0.65 %

Hudson Pacific Properties EBIT Related Terms

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Hudson Pacific Properties (Hudson Pacific Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hudson Pacific Properties Inc (NYSE:HPPpBCL.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HPPpC.PFD:USA HPP:USA HP9:Germany

Address

11601 Wilshire Boulevard, Ninth Floor, Los Angeles, CA, USA, 90025

Website

https://www.hudsonpacificproperties.com

Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.