What is Fortune Real Estate Investment Trust Owner Earnings per Share (TTM)?
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Fortune Real Estate Investment Trust does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for Fortune Real Estate Investment Trust's Owner Earnings per Share (TTM) or its related term are showing as below:
During the past 13 years, the highest Price-to-Owner-Earnings ratio of Fortune Real Estate Investment Trust was 45.12. The lowest was 6.14. And the median was 10.33.
Fortune Real Estate Investment Trust's Earnings per Share (Diluted) for the
six
months ended in Dec. 2023 was HK$-0.22.
Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.08. It's PE Ratio ratio for today is At Loss.
Fortune Real Estate Investment Trust's EPS without NRI for the
six
months ended in Dec. 2023 was HK$-0.20.
Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.07. It's PE Ratio without NRI ratio for today is At Loss.
Fortune Real Estate Investment Trust Owner Earnings per Share (TTM) Historical Data
The historical data trend for Fortune Real Estate Investment Trust's Owner Earnings per Share (TTM) 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.
Fortune Real Estate Investment Trust Owner Earnings per Share (TTM) Chart
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Fortune Real Estate Investment Trust Annual Data
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Fortune Real Estate Investment Trust Semi-Annual Data
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Competitive Comparison of Fortune Real Estate Investment Trust's Owner Earnings per Share (TTM)
For the REIT - Retail subindustry, Fortune Real Estate Investment Trust's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Fortune Real Estate Investment Trust's Price-to-Owner-Earnings Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Fortune Real Estate Investment Trust's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Fortune Real Estate Investment Trust's Price-to-Owner-Earnings falls into.
Fortune Real Estate Investment Trust Owner Earnings per Share (TTM) Calculation
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
To make it simple, then you will have:
Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)
Fortune Real Estate Investment Trust does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.
Fortune Real Estate Investment Trust (HKSE:00778) Business Description
Traded in Other Exchanges
Address
5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985
Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.
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