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Cedar Realty Trust (Cedar Realty Trust) ROC (Joel Greenblatt) % : 632.64% (As of Dec. 2023)


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What is Cedar Realty Trust ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Cedar Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 632.64%.

The historical rank and industry rank for Cedar Realty Trust's ROC (Joel Greenblatt) % or its related term are showing as below:

CDR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.24   Med: 180.03   Max: 3499.33
Current: -55.57

During the past 13 years, Cedar Realty Trust's highest ROC (Joel Greenblatt) % was 3499.33%. The lowest was -65.24%. And the median was 180.03%.

CDR's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 114.29 vs CDR: -55.57

Cedar Realty Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Cedar Realty Trust ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cedar Realty Trust's ROC (Joel Greenblatt) % 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.

Cedar Realty Trust ROC (Joel Greenblatt) % Chart

Cedar Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 209.71 -19.33 -5.78 -18.36 409.76

Cedar Realty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % 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 1,061.41 372.07 - 34,082.76 632.64

Competitive Comparison of Cedar Realty Trust's ROC (Joel Greenblatt) %

For the REIT - Retail subindustry, Cedar Realty Trust's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.


Cedar Realty Trust's ROC (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cedar Realty Trust's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cedar Realty Trust's ROC (Joel Greenblatt) % falls into.



Cedar Realty Trust ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.715 + 0 + 10.029) - (15.686 + 0 + 0)
=0.058000000000002

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.357 + 0 + 10.894) - (16.476 + 0 + 0)
=0.775

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cedar Realty Trust for the quarter that ended in Dec. 2023 can be restated 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 )
=9.148/( ( (0 + max(0.058000000000002, 0)) + (2.059 + max(0.775, 0)) )/ 2 )
=9.148/( ( 0.058000000000002 + 2.834 )/ 2 )
=9.148/1.446
=632.64 %

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

* 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.


Cedar Realty Trust  (NYSE:CDR) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Cedar Realty Trust ROC (Joel Greenblatt) % Related Terms

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Cedar Realty Trust (Cedar Realty Trust) Business Description

Traded in Other Exchanges
Address
2529 Virginia Beach Boulevard, Virginia Beach, VA, USA, 11050-3765
Cedar Realty Trust Inc is a real estate investment trust that focuses on ownership, operation, and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston. The company derives all of its revenues from rents and operating expense reimbursements received pursuant to long-term leases.
Executives
Paula Poskon director 2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH VA 23452
Ej Borrack director 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Kerry G. Campbell director 2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH VA 23452
Crystal Plum director, officer: CFO and Treasurer C/O WHEELER REAL ESTATE INVESTMENT TRUST, 2529 VIRGINIA BEACH BOULEVARD, VIRGINIA BEACH VA 23452
Michael Andrew Franklin director, officer: CEO and President RIVERSEDGE NORTH, 2529 VIRGINIA BEACH BLVD, SUITE 200, VIRGINIA BEACH VA 23452
Wheeler Real Estate Investment Trust, Inc. 10 percent owner RIVERSEDGE NORTH, 2529 VIRGINIA BEACH BLVD., SUITE 200, VIRGINIA BEACH VA 23452
Darcy Morris director C/O CEDAR REALTY TRUST INC., 44 SOUTH BAYLES AVENUE, POST WASHINGTON NY 11050
Bruce J Schanzer director, officer: Pres. & Chief Exec. Officer C/O CEDAR SHOPPING CENTER, 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Jennifer Bitterman officer: EVP & Chief Financial Officer CEDAR REALTY TRUST, INC., 928 CARMANS RAD, MASSAPEQUA NY 11758
Philip Mays officer: Chief Financial Officer C/O CEDAR SHOPPING CENTER, 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Sharon Hochfelder Stern director C/O CEDAR REALTY TRUST INC., 44 SOUTH BAYLES AVENUE, POST WASHINGTON NY 11050
Richard H Ross director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Abraham Eisenstat director 44 SOUTH BAYLES AVENUE, C/O CEDAR REALTY TRUST, INC., PORT WASHINGTON NY 11050
Sabrina L. Kanner director C/O CEDAR REALTY TRUST INC, 44 SOUTH BAYLES AVE, PORT WASHINGTON NY 11050
Kirk Paul G Jr director RAYONIER INC, 50 NORTH LAURA STREET - 19TH FLOOR, JACKSONVILLE FL 32202