Star Holdings (Star Holdings) EBIT : $-137.9 Mil (TTM As of Mar. 2024)

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What is Star Holdings EBIT?

Star Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-45.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-137.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Star Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -3.95%. Star Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -100.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Star Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -42.82%.

Star Holdings EBIT Historical Data

The historical data trend for Star Holdings'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.

Star Holdings EBIT Chart

Star Holdings Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

136.57

5.73

-173.32

Star Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial					-80.64	-85.23	-77.36	69.91	-45.20

Competitive Comparison of Star Holdings's EBIT

For the Real Estate Services subindustry, Star Holdings'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.

Star Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Star Holdings 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 $-137.9 Mil.

Star Holdings (NAS:STHO) EBIT Explanation

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

Star Holdings'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 )
=	-30.672 * ( 1 - -0% )	/	( (796.789	+	756.379)	/ 2 )
=	-30.672	/	776.584
=	-3.95 %

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	))
=	669.197	-	18.014	-	( 50.663	-	max(0, 231.009	-	85.403	+	50.663	))
=	796.789

	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	))
=	622.905	-	19.091	-	( 45.729	-	max(0, 235.015	-	82.45	+	45.729	))
=	756.379

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

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

Star Holdings'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 )
=	-180.792	/	( ( (182.774 + max(-28.063, 0))	+	(178.823 + max(-29.602, 0)) )	/	2 )
=	-180.792	/	( ( 182.774	+	178.823 )	/	2 )
=	-180.792	/	180.7985
=	-100.00 %

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)
=	(0	+	0	+	10.051)	-	(18.014	+	20.1	+	-2.8421709430404E-14)
=	-28.063

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	10.389)	-	(19.091	+	20.9	+	-2.8421709430404E-14)
=	-29.602

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-137.875	/	322.012
	=	-42.82 %

Star Holdings EBIT Related Terms

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Star Holdings (Star Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Star Holdings (NAS:STHO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

H7C:Germany

Address

1114 Avenue of the Americas,, 39th Floor, New York, NY, USA, 10036

Website

https://www.starholdingsco.com

Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised primarily of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. It focuses on realizing value for shareholders from the legacy portfolio primarily by maximizing cash flows through active asset management and asset sales.

Executives

Brett Asnas	officer: Chief Financial Officer	C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Garett Rosenblum	officer: CHIEF ACCOUNTING OFFICER	C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Marcos Alvarado	officer: Vice President	591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Richard J Lieb	director, other: Member of Board of Trustees	C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Clifford Desouza	director, other: Member of Board of Trustees	C/O ISTAR, 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Nina Matis	director, other: Member of Board of Trustees	1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Jay Sugarman	director, officer: President, other: Member of Board of Trustees	24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Istar Inc.	10 percent owner	1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036

Star Holdings (Star Holdings) Headlines

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Star Holdings Reports Third Quarter 2023 Results

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Star Holdings Reports First Quarter 2023 Results

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Star Holdings Reports Second Quarter 2023 Results

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