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Vornado Realty Trust (Vornado Realty Trust) EBIT : $388 Mil (TTM As of Dec. 2023)


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What is Vornado Realty Trust EBIT?

Vornado Realty Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $388 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vornado Realty Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 1.68%. Vornado Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vornado Realty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.73%.


Vornado Realty Trust EBIT Historical Data

The historical data trend for Vornado Realty Trust'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.

Vornado Realty Trust EBIT Chart

Vornado Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,700.55 -214.42 407.91 -102.99 388.03

Vornado Realty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -435.52 96.09 148.44 153.39 -9.88

Competitive Comparison of Vornado Realty Trust's EBIT

For the REIT - Office subindustry, Vornado Realty Trust'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.


Vornado Realty Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vornado Realty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vornado Realty Trust's EV-to-EBIT falls into.



Vornado Realty Trust 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $388 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.


Vornado Realty Trust  (NYSE:VNO) EBIT Explanation

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

Vornado Realty Trust's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=229.82 * ( 1 - -9.08% )/( (14999.328 + 14779.619)/ 2 )
=250.687656/14889.4735
=1.68 %

where

Invested Capital(Q: Sep. 2023 )
=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))
=16452.543 - 452.853 - ( 1000.362 - max(0, 1061.936 - 2088.602+1000.362))
=14999.328

Invested Capital(Q: Dec. 2023 )
=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))
=16187.665 - 411.044 - ( 997.002 - max(0, 1018.243 - 2068.734+997.002))
=14779.619

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Vornado Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-39.532/( ( (679.119 + max(601.304, 0)) + (680.044 + max(628.489, 0)) )/ 2 )
=-39.532/( ( 1280.423 + 1308.533 )/ 2 )
=-39.532/1294.478
=-3.05 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(785.924 + 0 + 302.316) - (452.853 + 34.083 + -2.2737367544323E-13)
=601.304

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(771.209 + 0 + 300.523) - (411.044 + 32.199 + 1.1368683772162E-13)
=628.489

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Vornado Realty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=388.032/14198.494
=2.73 %

* 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.


Vornado Realty Trust EBIT Related Terms

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Vornado Realty Trust (Vornado Realty Trust) Business Description

Address
888 Seventh Avenue, New York, NY, USA, 10019
Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.
Executives
Michael D Fascitelli director, officer: President MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Wight Russell B Jr director
Raymond J Mcguire director 5 GIRALDA FARMS, MADISON NJ 07940
Deirdre K. Maddock officer: SVP - Chief Accounting Officer 210 ROUTE 4 EAST, 210 W RTE 4 EAST, PARAMUS NJ 07652
Beatrice Hamza Bassey director 2188 LEDGE ROCK LANE, HENDERSON NV 89052
William W Helman director GREYLOCK, 880 WINTER ST SUITE 300, WALTHAM MA 02451
Barry Langer officer: EVP - Dev. Co-Head of R.E. C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Glen J. Weiss officer: EVP- Off Leasing Co- Head R.E. C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Haim Chera officer: EVP- Head of Retail C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Joseph Macnow officer: Exec. VP--Finance, CFO
Matthew Iocco officer: EVP - Principal Accounting Off 888 7TH AVENUE, NEW YORK NY 10019
Mitchell N Schear officer: President - Smith Division
Mandakini Puri director C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Daniel R Tisch director 460 PARK AVENUE, NEW YORK NY 10022
Wendy Silverstein officer: Exec VP-Capital Markets