Real Estate Split (TSX:RS) EBIT: C$11.71 Mil (TTM As of Dec. 2025)

What is Real Estate Split EBIT?

Real Estate Split TSX:RS -0.05% 84 EBIT is C$11.71 Mil as of Dec. 2025. GuruFocus rates TSX:RS with a GF Score™ of 84/100 and a GF Value™ of C$11.25 (Fairly Valued). The stock has 7 warning signs investors should review.

Real Estate Split's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was C$9.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was C$11.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Real Estate Split's annualized ROC % for the quarter that ended in Dec. 2025 was 4.63%. Real Estate Split's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Real Estate Split's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -10.70%.

Real Estate Split (TSX:RS) EBIT Explanation

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

Real Estate Split'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 )
=	5.47 * ( 1 - 0% )	/	( (118.146	+	118.058)	/ 2 )
=	5.47	/	118.102
=	4.63 %

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	))
=	240.439	-	3.26	-	( 239.572	-	max(0, 121.406	-	240.439	+	239.572	))
=	118.146

	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	))
=	230.548	-	3.675	-	( 229.771	-	max(0, 121.733	-	230.548	+	229.771	))
=	118.058

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:

Real Estate Split'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 )
=	18.404	/	( ( (0 + max(-120.539, 0))	+	(0 + max(-120.956, 0)) )	/	2 )
=	18.404	/	( ( 0	+	0 )	/	2 )
=	18.404	/	0
=	%

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)
=	(0.867	+	0	+	0)	-	(3.26	+	0	+	118.146)
=	-120.539

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.777	+	0	+	2.8421709430404E-14)	-	(3.675	+	0	+	118.058)
=	-120.956

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:

Real Estate Split's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	11.706	/	-109.365
	=	-10.70 %

* 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.

Real Estate Split EBIT Related Terms

Real Estate Split EBIT Historical Data

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The historical data trend for Real Estate Split's EBIT can be seen below:

Real Estate Split EBIT Chart

Real Estate Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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12.37

-17.30

3.92

-6.52

11.71

Real Estate Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial						3.85	2.10	-8.62	2.50	9.20

TSX:RS vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Real Estate Split'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.

Real Estate Split EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Real Estate Split's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Real Estate Split's EV-to-EBIT falls into.

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84GF Score

Real Estate Split Corp TSX:RS

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

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Real Estate Split 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 C$11.71 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of C$11.71 Mil mean?

Real Estate Split (TSX:RS) has a EBIT of C$11.71 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Real Estate Split.

Is Real Estate Split's EBIT too high?

Real Estate Split's current EBIT is C$11.71 Mil. Overall, Real Estate Split has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Real Estate Split's EBIT compare to BLK and BX?

Real Estate Split's EBIT of C$11.71 Mil can be compared against companies in the Asset Management 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 an Asset Management company?

A good EBIT depends on the Asset Management 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 Real Estate Split. Real Estate Split's current EBIT is C$11.71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Real Estate Split stock overvalued right now?

Based on GuruFocus' analysis, Real Estate Split (TSX:RS) is currently considered Fairly Valued. The stock's GF Value™ is C$11.25, compared to a current price of C$10.24 — trading 9% below its estimated fair value. The current EBIT is C$11.71 Mil. Real Estate Split's overall GF Score™ is 84/100 with 7 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 Real Estate Split (TSX:RS), the current EBIT is C$11.71 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 Real Estate Split (TSX:RS) Overvalued in 2026?

Based on GuruFocus' analysis, Real Estate Split stock appears to be undervalued. The current stock price of C$10.24 is trading 9% below its estimated GF Value™ of C$11.25. GuruFocus considers Real Estate Split to be Fairly Valued.

Key valuation signals for TSX:RS:

EBIT: C$11.71 Mil
GF Value™: C$11.25 vs. price of C$10.24 (9% below fair value)
GF Score™: 84/100 with 7 warning signs

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

Real Estate Split Business Description

Industry Financial Services Asset Management

Comparable Companies TSX:BGI.UN TSX:LFE TSXV:PTF TSX:IS TSX:TINY TSX:LCS TSXV:NFD.A TSX:FAP TSX:PNP NEOE:BCBN BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges RS.PR.A.PFD:Canada

Address 8 Spadina Avenue, The Well, Suite 3100, Toronto, ON, CAN, M5V 0S8

Website https://www.middlefield.com

Real Estate Split Corp is a mutual fund corporation. Its objective are non-cumulative monthly cash distributions; and the opportunity for capital appreciation through exposure to the portfolio. It provide holders with fixed cumulative preferential quarterly cash distributions; and return the original issue price of $10.00 to holders upon maturity. Its investment solutions are Real Estate, Healthcare, Innovation, Infrastructure, Energy, Income Plus, Global Dividends, Fixed Income.

84GF Score

Get the complete analysis for TSX:RS

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

C$10.24

Price

C$11.25

GF Value

View TSX:RS Analysis

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