Manulife US REIT (SGX:BTOU) EBIT : $-138.5 Mil (TTM As of Dec. 2024)

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What is Manulife US REIT EBIT?

Manulife US REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was $-174.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $-138.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Manulife US REIT's annualized ROC % for the quarter that ended in Dec. 2024 was 5.04%. Manulife US REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -5,019.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Manulife US REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -17.71%.

Manulife US REIT EBIT Historical Data

The historical data trend for Manulife US 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.

Manulife US REIT EBIT Chart

Manulife US REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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-38.26

67.45

-116.11

-353.71

-138.46

Manulife US REIT Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial													-200.80	-243.45	-110.26	36.21	-174.67

Competitive Comparison of Manulife US REIT's EBIT

For the REIT - Office subindustry, Manulife US 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.

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

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

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

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Manulife US 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-138.5 Mil.

Manulife US REIT (SGX:BTOU) EBIT Explanation

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

Manulife US REIT's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	68.168 * ( 1 - 0.63% )	/	( (1561.335	+	1126.561)	/ 2 )
=	67.7385416	/	1343.948
=	5.04 %

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	))
=	1555.463	-	39.369	-	( 94.613	-	max(0, 149.386	-	104.145	+	94.613	))
=	1561.335

	Invested Capital		(Q: Dec. 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	))
=	1224.664	-	32.86	-	( 65.243	-	max(0, 40.047	-	119.208	+	65.243	))
=	1126.561

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Manulife US REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-349.332	/	( ( (0 + max(-37.895, 0))	+	(0 + max(13.918, 0)) )	/	2 )
=	-349.332	/	( ( 0	+	13.918 )	/	2 )
=	-349.332	/	6.959
=	-5,019.86 %

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)
=	(5.084	+	0	+	4.448)	-	(39.369	+	0	+	8.058)
=	-37.895

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.569	+	0	+	48.396)	-	(32.86	+	0	+	7.187)
=	13.918

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	-138.459	/	781.973
	=	-17.71 %

Manulife US REIT EBIT Related Terms

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Manulife US REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Manulife US REIT (SGX:BTOU) » Definitions » EBIT

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MNULF:USA

Address

8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424

Website

https://www.manulifeusreit.sg

Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.

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