IGB Commercial REIT (XKLS:5299) EBIT: RM139.0 Mil (TTM As of Mar. 2026)


XKLS:5299 IGB Commercial REIT XKLS:5299
35 GF Score
Price RM0.61
GF Value RM0.63
Valuation Fairly Valued
! 7 Warning Signs
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What is IGB Commercial REIT EBIT?

IGB Commercial REIT XKLS:5299 +0.83% 35 EBIT is RM139.0 Mil as of Mar. 2026. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review.

IGB Commercial REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was RM37.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was RM139.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IGB Commercial REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 4.69%. IGB Commercial REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IGB Commercial REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.15%.


IGB Commercial REIT  (XKLS:5299) EBIT Explanation

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

IGB Commercial REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=156.552 * ( 1 - 0% )/( (3390.456 + 3283.677)/ 2 )
=156.552/3337.0665
=4.69 %

where

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))
=3345.698 - 30.073 - ( 75.575 - max(0, 176.849 - 102.018+75.575))
=3390.456

Invested Capital(Q: Mar. 2026 )
=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))
=3352.477 - 139.016 - ( 92.474 - max(0, 179.013 - 108.797+92.474))
=3283.677

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

IGB Commercial REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=149.504/( ( (0 + max(-119.529, 0)) + (0 + max(-122.693, 0)) )/ 2 )
=149.504/( ( 0 + 0 )/ 2 )
=149.504/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.478 + 0 + 23.118) - (30.073 + 0 + 115.052)
=-119.529

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.323 + 0 + 0) - (139.016 + 0 + 2.8421709430404E-14)
=-122.693

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=139.045/2262.054
=6.15 %

* 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.


IGB Commercial REIT EBIT Related Terms


IGB Commercial REIT EBIT Historical Data

* Premium members only.

The historical data trend for IGB Commercial 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.

IGB Commercial REIT EBIT Chart

IGB Commercial REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 0.00 99.33 111.35 107.46 135.99

IGB Commercial REIT Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.32 40.08 30.97 30.62 37.38

XKLS:5299 vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, IGB Commercial 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.


IGB Commercial REIT EV-to-EBIT vs REITs Industry

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

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


XKLS:5299
35GF Score
IGB Commercial REIT XKLS:5299
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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IGB Commercial 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM139.0 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of RM139.0 Mil mean?
IGB Commercial REIT (XKLS:5299) has a EBIT of RM139.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on IGB Commercial REIT.
Is IGB Commercial REIT's EBIT too high?
IGB Commercial REIT's current EBIT is RM139.0 Mil. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's EBIT compare to BXP and ARE?
IGB Commercial REIT's EBIT of RM139.0 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 IGB Commercial REIT. IGB Commercial REIT's current EBIT is RM139.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current EBIT is RM139.0 Mil. IGB Commercial REIT's overall GF Score™ is 35/100 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 IGB Commercial REIT (XKLS:5299), the current EBIT is RM139.0 Mil as of Mar. 2026. 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 IGB Commercial REIT (XKLS:5299) Overvalued in 2026?

Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued. The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63. GuruFocus considers IGB Commercial REIT to be Fairly Valued.

Key valuation signals for XKLS:5299:

  • EBIT: RM139.0 Mil
  • GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
  • GF Score™: 35/100 with 7 warning signs

No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IGB Commercial REIT Business Description

Industry Real EstateREITs
Address Lingkaran Syed Putra, Level 32, The Gardens South Tower, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score

Get the complete analysis for XKLS:5299

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

RM0.61
Price
RM0.63
GF Value