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Alexander's (Alexander's) EBIT : $169.6 Mil (TTM As of Mar. 2024)


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What is Alexander's EBIT?

Alexander's's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $32.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $169.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alexander's's annualized ROC % for the quarter that ended in Mar. 2024 was 12.30%. Alexander's's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 132.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alexander's's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.09%.


Alexander's EBIT Historical Data

The historical data trend for Alexander's'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.

Alexander's EBIT Chart

Alexander's 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 98.98 66.14 150.27 86.23 160.71

Alexander's Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 23.48 77.34 26.93 32.96 32.34

Competitive Comparison of Alexander's's EBIT

For the REIT - Retail subindustry, Alexander's'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.


Alexander's's EV-to-EBIT Distribution in the REITs Industry

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

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



Alexander's 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $169.6 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.


Alexander's  (NYSE:ALX) EBIT Explanation

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

Alexander's's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=100.724 * ( 1 - 0% )/( (819.36 + 817.852)/ 2 )
=100.724/818.606
=12.30 %

where

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))
=1403.68 - 52.465 - ( 531.855 - max(0, 52.465 - 683.919+531.855))
=819.36

Invested Capital(Q: Mar. 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))
=1391.274 - 47.082 - ( 526.34 - max(0, 47.082 - 668.639+526.34))
=817.852

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Alexander's's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=129.372/( ( (0 + max(99.599, 0)) + (0 + max(95.217, 0)) )/ 2 )
=129.372/( ( 99.599 + 95.217 )/ 2 )
=129.372/97.408
=132.81 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(130.942 + 0 + 21.122) - (52.465 + 0 + 0)
=99.599

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(121.24 + 0 + 21.059) - (47.082 + 0 + 0)
=95.217

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Alexander's's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=169.574/1680.972
=10.09 %

* 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.


Alexander's EBIT Related Terms

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Alexander's (Alexander's) Business Description

Traded in Other Exchanges
Address
210 Route 4 East, Paramus, NJ, USA, 07652
Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.
Executives
Gary W. Hansen officer: Chief Financial Officer 210 ROUTE 4 EAST, PARAMUS NJ 07652
Mandakini Puri director C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Wight Russell B Jr director
Matthew Iocco officer: Chief Financial Officer 888 7TH AVENUE, NEW YORK NY 10019
Wendy Silverstein director, .
Properties Interstate 10 percent owner C/O VORNADO REALTY TRUST, 888 SEVENTH AVENUE, NEW YORK NY 10019
Thomas R Dibenedetto director
David Mandelbaum director, 10 percent owner
Arthur Sonnenblick director 888 SEVENTH AVE, NEW YORK NY 10019
Steven Roth director, 10 percent owner, officer: Chairman & CEO
Neil Underberg director 888 SEVENTH AVE, NEW YORK NY 10019
Richard R West director
Joseph Macnow officer: CFO/EVP - Fin. & Admin.
Michael D Fascitelli director, officer: President MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Stephen Mann director 450 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022