Japan Real Estate Investment (Japan Real Estate Investment) EBIT : $257.0 Mil (TTM As of Sep. 2023)

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What is Japan Real Estate Investment EBIT?

Japan Real Estate Investment's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $121.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $257.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Real Estate Investment's annualized ROC % for the quarter that ended in Sep. 2023 was 3.06%. Japan Real Estate Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Real Estate Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.45%.

Japan Real Estate Investment EBIT Historical Data

The historical data trend for Japan Real Estate Investment'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.

Japan Real Estate Investment EBIT Chart

Japan Real Estate Investment Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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288.00

320.79

315.93

245.33

236.58

Japan Real Estate Investment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial															143.88	126.26	127.15	121.63	135.38

Competitive Comparison of Japan Real Estate Investment's EBIT

For the REIT - Office subindustry, Japan Real Estate Investment'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.

Japan Real Estate Investment's EV-to-EBIT Distribution in the REITs Industry

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

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

Japan Real Estate Investment 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $257.0 Mil.

Japan Real Estate Investment (OTCPK:JREIF) EBIT Explanation

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

Japan Real Estate Investment's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	244.156 * ( 1 - 0.07% )	/	( (8372.317	+	7569.621)	/ 2 )
=	243.9850908	/	7970.969
=	3.06 %

where

	Invested Capital		(Q: Mar. 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	))
=	7834.242	-	40.066	-	( 174.626	-	max(0, 825.769	-	247.628	+	174.626	))
=	8372.317

	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	))
=	7151.353	-	44.985	-	( 196.751	-	max(0, 713.92	-	250.667	+	196.751	))
=	7569.621

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Japan Real Estate Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	243.252	/	( ( (7520.865 + max(8.842, 0))	+	(6841.466 + max(-15.41, 0)) )	/	2 )
=	243.252	/	( ( 7529.707	+	6841.466 )	/	2 )
=	243.252	/	7185.5865
=	3.39 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.656	+	0	+	69.346)	-	(40.066	+	0	+	24.094)
=	8.842

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.837	+	0	+	50.079)	-	(44.985	+	0	+	24.341)
=	-15.41

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	257.007	/	7446.069
	=	3.45 %

Japan Real Estate Investment EBIT Related Terms

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Japan Real Estate Investment (Japan Real Estate Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Real Estate Investment Corp (OTCPK:JREIF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

8952:Japan

Address

3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.j-re.co.jp

Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, most of J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its largest customers in terms of total leased space.