NNLRF (Nova Net Lease REIT) EBIT : $-0.75 Mil (TTM As of Sep. 2024)

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What is Nova Net Lease REIT EBIT?

Nova Net Lease REIT's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nova Net Lease REIT's annualized ROC % for the quarter that ended in Sep. 2024 was -2.25%. Nova Net Lease REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nova Net Lease REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -25.16%.

Nova Net Lease REIT EBIT Historical Data

The historical data trend for Nova Net Lease 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.

* Premium members only.

Nova Net Lease REIT EBIT Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

7.95

1.74

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial								2.40	-0.01	-2.16	1.86	-0.44

Competitive Comparison of Nova Net Lease REIT's EBIT

For the REIT - Specialty subindustry, Nova Net Lease 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.

Nova Net Lease REIT's EV-to-EBIT Distribution in the REITs Industry

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

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

Nova Net Lease 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.75 Mil.

Nova Net Lease REIT (OTCPK:NNLRF) EBIT Explanation

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

Nova Net Lease REIT's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-0.348 * ( 1 - 0% )	/	( (15.398	+	15.554)	/ 2 )
=	-0.348	/	15.476
=	-2.25 %

where

	Invested Capital		(Q: Jun. 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	))
=	15.807	-	0.577	-	( 0.195	-	max(0, 1.379	-	1.211	+	0.195	))
=	15.398

	Invested Capital		(Q: Sep. 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	))
=	15.427	-	0.349	-	( 0.076	-	max(0, 1.419	-	0.943	+	0.076	))
=	15.554

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

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

Nova Net Lease REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.772	/	( ( (0 + max(-0.957, 0))	+	(0 + max(-1.137, 0)) )	/	2 )
=	-1.772	/	( ( 0	+	0 )	/	2 )
=	-1.772	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.412)	-	(0.577	+	0	+	0.792)
=	-0.957

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.267)	-	(0.349	+	0	+	1.055)
=	-1.137

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-0.748	/	2.973
	=	-25.16 %

Nova Net Lease REIT EBIT Related Terms

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Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NNL.U:Canada

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.