Great Portland Estates (LSE:GPE) EBIT : £-290.10 Mil (TTM As of Mar. 2024)

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What is Great Portland Estates EBIT?

Great Portland Estates's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was £-44.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was £-290.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Portland Estates's annualized ROC % for the quarter that ended in Mar. 2024 was 0.71%. Great Portland Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3,744.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Great Portland Estates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.37%.

Great Portland Estates EBIT Historical Data

The historical data trend for Great Portland Estates'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.

Great Portland Estates EBIT Chart

Great Portland Estates Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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58.10

-194.20

175.80

-152.50

-290.10

Great Portland Estates 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															109.30	-81.70	-70.80	-246.10	-44.00

Competitive Comparison of Great Portland Estates's EBIT

For the REIT - Office subindustry, Great Portland Estates'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.

Great Portland Estates's EV-to-EBIT Distribution in the REITs Industry

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

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

Great Portland Estates 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 semi-annually data reported by the company within the most recent 12 months, which was £-290.10 Mil.

Great Portland Estates (LSE:GPE) EBIT Explanation

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

Great Portland Estates'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: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	18.8 * ( 1 - 0% )	/	( (2623.4	+	2644.8)	/ 2 )
=	18.8	/	2634.1
=	0.71 %

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	))
=	2448.4	-	5.3	-	( 5.6	-	max(0, 238.2	-	57.9	+	5.6	))
=	2623.4

	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	))
=	2478	-	18.7	-	( 5.9	-	max(0, 251.5	-	66	+	5.9	))
=	2644.8

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Great Portland Estates'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: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-88	/	( ( (2.7 + max(-12.1, 0))	+	(2 + max(-28.8, 0)) )	/	2 )
=	-88	/	( ( 2.7	+	2 )	/	2 )
=	-88	/	2.35
=	-3,744.68 %

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)
=	(20.1	+	0	+	31.1)	-	(5.3	+	0	+	58)
=	-12.1

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.4	+	0	+	41.3)	-	(18.7	+	0	+	57.8)
=	-28.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

Great Portland Estates's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-290.1	/	2169.387
	=	-13.37 %

Great Portland Estates EBIT Related Terms

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Great Portland Estates (LSE:GPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Great Portland Estates PLC (LSE:GPE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GPEl:UK G9KB:Germany

Address

33 Cavendish Square, London, GBR, W1G 0PW

Website

https://www.gpe.co.uk

Great Portland Estates PLC, or GPE, is a real estate investment trust involved in the ownership and development of commercial property in central London. GPE invests in and redevelops London real estate. The company generates revenue from these assets through long-term lease agreements. Income is also derived from the management of other development projects. The majority of the company's real estate portfolio is comprised of office space, while retail locations also make up a significant percentage. Almost half of GPE's properties are located in the North of Oxford Street area. London's West End is home to a substantial share as well. GPE's tenants are primarily divided between retail & leisure shops; technology, media, & telecom companies; and professional & business services firms.

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