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Northview Residential REIT (TSX:NRR.UN) EBIT : C$258.0 Mil (TTM As of Mar. 2024)


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What is Northview Residential REIT EBIT?

Northview Residential REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$23.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$258.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northview Residential REIT's annualized ROC % for the quarter that ended in Mar. 2024 was 4.07%. Northview Residential REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 324.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Northview Residential REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.16%.


Northview Residential REIT EBIT Historical Data

The historical data trend for Northview Residential REIT'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.

Northview Residential REIT EBIT Chart

Northview Residential REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 117.23 77.50 22.84 126.15 243.74

Northview Residential REIT Quarterly Data
Dec17 Dec18 Mar19 Jun19 Dec19 Mar20 Jun20 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 8.69 15.17 176.83 42.72 23.32

Competitive Comparison of Northview Residential REIT's EBIT

For the REIT - Residential subindustry, Northview Residential REIT'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.


Northview Residential REIT's EV-to-EBIT Distribution in the REITs Industry

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

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



Northview Residential REIT 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 C$258.0 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.


Northview Residential REIT  (TSX:NRR.UN) EBIT Explanation

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

Northview Residential REIT'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 )
=137.98 * ( 1 - 0% )/( (3393.147 + 3395.218)/ 2 )
=137.98/3394.1825
=4.07 %

where

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))
=2735.875 - 41.877 - ( 12.138 - max(0, 733.116 - 31.896+12.138))
=3395.218

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

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

Northview Residential REIT'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 )
=93.264/( ( (29.077 + max(-123.295, 0)) + (28.35 + max(-145.663, 0)) )/ 2 )
=93.264/( ( 29.077 + 28.35 )/ 2 )
=93.264/28.7135
=324.81 %

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)
=(8.107 + 0 + 12.059) - (47.411 + 0 + 96.05)
=-123.295

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.619 + 0 + 11.139) - (41.877 + 0 + 123.544)
=-145.663

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:

Northview Residential REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=258.039/2311.643
=11.16 %

* 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.


Northview Residential REIT EBIT Related Terms

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Northview Residential REIT (TSX:NRR.UN) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
6131 - 6th Street SE, Suite 200, Calgary, AB, CAN, T2H 1L9
Northview Residential REIT is a internally managed, traditional open-ended real estate investment trust. It acquires, owns, and operate, indirectly, a geographically diversified portfolio comprised of income producing multi-residential suites, commercial real estate, located predominantly in secondary markets in British Columbia, Alberta, Saskatchewan, Quebec, New Brunswick, Newfoundland and Labrador, the Northwest Territories, and Nunavut.

Northview Residential REIT (TSX:NRR.UN) Headlines

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