CBL & Associates Properties (CBL & Associates Properties) EBIT : $177.0 Mil (TTM As of Dec. 2023)

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What is CBL & Associates Properties EBIT?

CBL & Associates Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $54.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $177.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CBL & Associates Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 7.79%. CBL & Associates Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,574.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CBL & Associates Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.46%.

CBL & Associates Properties EBIT Historical Data

The historical data trend for CBL & Associates Properties'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.

CBL & Associates Properties EBIT Chart

CBL & Associates Properties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

77.69

-118.03

120.91

177.00

CBL & Associates Properties Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial										39.17	43.94	21.73	57.03	54.31

Competitive Comparison of CBL & Associates Properties's EBIT

For the REIT - Retail subindustry, CBL & Associates Properties'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.

CBL & Associates Properties's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties's EV-to-EBIT falls into.

CBL & Associates Properties 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $177.0 Mil.

CBL & Associates Properties (NYSE:CBL) EBIT Explanation

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

CBL & Associates Properties's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	150.78 * ( 1 - -4.06% )	/	( (2022.847	+	2003.498)	/ 2 )
=	156.901668	/	2013.1725
=	7.79 %

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	))
=	2436.351	-	120.741	-	( 292.763	-	max(0, 120.741	-	548.69	+	292.763	))
=	2022.847

	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	))
=	2405.905	-	106.077	-	( 296.33	-	max(0, 106.077	-	550.079	+	296.33	))
=	2003.498

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

CBL & Associates Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	217.232	/	( ( (0 + max(1.3530000000001, 0))	+	(0 + max(26.247, 0)) )	/	2 )
=	217.232	/	( ( 1.3530000000001	+	26.247 )	/	2 )
=	217.232	/	13.8
=	1,574.14 %

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)
=	(36.927	+	0	+	85.167)	-	(120.741	+	0	+	0)
=	1.3530000000001

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.436	+	0	+	88.888)	-	(106.077	+	0	+	0)
=	26.247

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

CBL & Associates Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	177.003	/	2373.455
	=	7.46 %

CBL & Associates Properties EBIT Related Terms

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CBL & Associates Properties (CBL & Associates Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (NYSE:CBL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CAZ0:Germany

Address

2030 Hamilton Place Boulevard, Suite 500, Chattanooga, TN, USA, 37421

Website

https://www.cblproperties.com

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.

Executives

Andrew Franklin Cobb	officer: Exec VP-Accounting	1563 QUIET POND DR, CHATTANOOGA TN 37415
Benjamin W Jaenicke	officer: Exec VP - Finance	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Michael A Torres	director	MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Joseph Khalili	officer: EVP Financial Planning & Anlys	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Jennifer Cope	officer: EVP Ops Services & Risk Mgmt	2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
David J Contis	director	2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffery V. Curry	officer: Interim Chief Legal Officer	4019 BREAKWATER DR, HIXON TN 37343
Charles B Lebovitz	director, 10 percent owner, officer: Chairman and CEO	CBL & ASSOCIATES PROPERTIES INC, ONE PARK PLACE 6148 LEE HWY, CHATTANOOGA TN 37421
Strategic Value Partners, Llc	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strategic Value Special Situations Offshore Fund V, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jonathan M Heller	director, other: Member of 10% owner group	CANYON PARTNERS, LLC, 1370 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10019
Jeffrey Kivitz	director	39 BOLAND ROAD, SHARON CT 06069
Marjorie L. Bowen	director	225 6TH STREET, MANHATTAN BEACH CA 90266
Strategic Value Special Situations Master Fund Iv, L.p.	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Svp Special Situations Iv Llc	10 percent owner	C/O STRATEGIC VALUE PARTNERS, LLC, 100 WEST PUTNAM AVENUE, GREENWICH CT 06830