Brookfield Office Properties (TSX:BPO.PR.W.PFD) EBIT : C$3,079.41 Mil (TTM As of Mar. 2016)

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What is Brookfield Office Properties EBIT?

Brookfield Office Properties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2016 was C$466.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was C$3,079.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Office Properties's annualized ROC % for the quarter that ended in Mar. 2016 was 2.17%. Brookfield Office Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was 5.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Brookfield Office Properties EBIT Historical Data

The historical data trend for Brookfield Office 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.

Brookfield Office Properties EBIT Chart

Brookfield Office Properties Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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2,764.47

2,370.57

2,220.36

5,075.23

4,023.39

Brookfield Office Properties Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
EBIT	Get a 7-Day Free Trial															1,197.45	843.29	521.35	1,247.88	466.88

Competitive Comparison of Brookfield Office Properties's EBIT

For the Real Estate Services subindustry, Brookfield Office 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.

Brookfield Office Properties's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Brookfield Office 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 Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,079.41 Mil.

Brookfield Office Properties (TSX:BPO.PR.W.PFD) EBIT Explanation

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

Brookfield Office Properties's annualized ROC % for the quarter that ended in Mar. 2016 is calculated as:

	ROC % (Q: Mar. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Mar. 2016 ))	/ count )
=	1211.5 * ( 1 - 10.92% )	/	( (50788.838	+	48655.808)	/ 2 )
=	1079.2042	/	49722.323
=	2.17 %

where

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	46561.12	-	1723.724	-	( 541.663	-	max(0, 7960.396	-	2008.954	+	541.663	))
=	50788.838

	Invested Capital		(Q: Mar. 2016 )
=	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	))
=	45665.41	-	1620.185	-	( 747.269	-	max(0, 6437.094	-	1826.511	+	747.269	))
=	48655.808

Note: The Operating Income data used here is four times the quarterly (Mar. 2016) data.

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

Brookfield Office Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Mar. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1867.512	/	( ( (35169.731 + max(-1092.926, 0))	+	(34608.474 + max(-1310.696, 0)) )	/	2 )
=	1867.512	/	( ( 35169.731	+	34608.474 )	/	2 )
=	1867.512	/	34889.1025
=	5.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(383.964	+	0	+	1083.327)	-	(1723.724	+	0	+	836.493)
=	-1092.926

	Working Capital		(Q: Mar. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(264.52	+	0	+	814.722)	-	(1620.185	+	0	+	769.753)
=	-1310.696

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2016 )
	=	3079.408	/	0.000
	=	%

Brookfield Office Properties EBIT Related Terms

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Brookfield Office Properties (TSX:BPO.PR.W.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Brookfield Office Properties Inc (TSX:BPO.PR.W.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BPO.PR.Y.PFD:Canada BPO.PR.T.PFD:Canada BPO.PR.R.PFD:Canada BPO.PR.P.PFD:Canada BPO.PR.N.PFD:Canada BPO.PR.C.PFD:Canada BPO.PR.A.PFD:Canada

Address

181 Bay Street, Suite 330, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.brookfieldproperties.com

Brookfield Office Properties Inc is a real estate investment firm. It acts as owner, operator, and developer of office and multifamily assets. The office property division defines the skylines of dynamic cities around the world, including gateway cities such as New York, London, Berlin, Toronto, and Sydney and the multifamily business owns, develops, renovates and manages approximately 40,000 high-quality rental apartment buildings in supply constrained markets of major cities such as New York and London, as well as high growth markets in the suburban U.S. In addition, it caters to tenants in financial services, government, and energy and resource sectors.

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