BHG Retail REIT (SGX:BMGU) EBIT: S$20.37 Mil (TTM As of Dec. 2025)

What is BHG Retail REIT EBIT?

BHG Retail REIT SGX:BMGU 38 EBIT is S$20.37 Mil as of Dec. 2025. GuruFocus rates SGX:BMGU with a GF Score™ of 38/100 and a GF Value™ of S$0.40 (Modestly Overvalued). The stock has 11 warning signs investors should review.

BHG Retail REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was S$5.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was S$20.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BHG Retail REIT's annualized ROC % for the quarter that ended in Dec. 2025 was 3.18%. BHG Retail REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1,105.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BHG Retail REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.01%.

BHG Retail REIT (SGX:BMGU) EBIT Explanation

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

BHG Retail REIT'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 )
=	27.838 * ( 1 - 0% )	/	( (861.27	+	889.12)	/ 2 )
=	27.838	/	875.195
=	3.18 %

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	))
=	871.015	-	30.28	-	( 16.565	-	max(0, 50.53	-	29.995	+	16.565	))
=	861.27

	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	))
=	898.063	-	29.307	-	( 20.94	-	max(0, 58.087	-	37.723	+	20.94	))
=	889.12

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:

BHG Retail REIT'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 )
=	11.142	/	( ( (1.035 + max(-28.883, 0))	+	(0.98 + max(-34.591, 0)) )	/	2 )
=	11.142	/	( ( 1.035	+	0.98 )	/	2 )
=	11.142	/	1.0075
=	1,105.91 %

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)
=	(13.43	+	0	+	0)	-	(30.28	+	0	+	12.033)
=	-28.883

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.82	+	0	+	0.66)	-	(29.307	+	0	+	12.764)
=	-34.591

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	20.365	/	675.547
	=	3.01 %

* 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.

BHG Retail REIT EBIT Related Terms

BHG Retail REIT EBIT Historical Data

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The historical data trend for BHG Retail REIT's EBIT can be seen below:

BHG Retail REIT EBIT Chart

BHG Retail REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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38.37

37.03

29.20

28.88

20.37

BHG Retail REIT 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															9.62	17.76	11.12	14.79	5.57

SGX:BMGU vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, BHG Retail 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.

BHG Retail REIT EV-to-EBIT vs REITs Industry

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

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

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BHG Retail REIT SGX:BMGU

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

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BHG Retail 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$20.37 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of S$20.37 Mil mean?

BHG Retail REIT (SGX:BMGU) has a EBIT of S$20.37 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BHG Retail REIT.

Is BHG Retail REIT's EBIT too high?

BHG Retail REIT's current EBIT is S$20.37 Mil. Overall, BHG Retail REIT has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does BHG Retail REIT's EBIT compare to SPG and O?

BHG Retail REIT's EBIT of S$20.37 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 BHG Retail REIT. BHG Retail REIT's current EBIT is S$20.37 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BHG Retail REIT stock overvalued right now?

Based on GuruFocus' analysis, BHG Retail REIT (SGX:BMGU) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.40, compared to a current price of S$0.45 — trading 12.5% above its estimated fair value. The current EBIT is S$20.37 Mil. BHG Retail REIT's overall GF Score™ is 38/100 with 11 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 BHG Retail REIT (SGX:BMGU), the current EBIT is S$20.37 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 BHG Retail REIT (SGX:BMGU) Overvalued in 2026?

Based on GuruFocus' analysis, BHG Retail REIT stock appears to be overvalued. The current stock price of S$0.45 is trading 12.5% above its estimated GF Value™ of S$0.40. GuruFocus considers BHG Retail REIT to be Modestly Overvalued.

Key valuation signals for SGX:BMGU:

EBIT: S$20.37 Mil
GF Value™: S$0.40 vs. price of S$0.45 (12.5% above fair value)
GF Score™: 38/100 with 11 warning signs

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

BHG Retail REIT Business Description

Industry Real Estate REITs

Comparable Companies SGX:D5IU SGX:ODBU SGX:CRPU SGX:AU8U SPG O KIM XPAR:URW REG SGX:C38U ASX:SCG XPAR:LI HKSE:00823 FRT BRX ADC NNN ASX:VCX TSX:CHP.UN MAC

Address 12 Marina Boulevard, Level 44, Marina Bay Financial Centre, Tower 3, Singapore, SGP, 018982

Website https://www.bhgreit.com

BHG Retail REIT invests directly or indirectly, in a diversified portfolio of income-producing real estate that is used for retail purposes. Its portfolio comprises six retail properties, Beijing Wanliu Mall, Chengdu Konggang Mall, Hefei Mengchenglu Mall, Hefei Changjiangxilu, Xining Huayuan Mall and Dalian Jinsanjiao Property.

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

S$0.45

Price

S$0.40

GF Value

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