Duke Realty (Duke Realty) EBIT : $1,055 Mil (TTM As of Jun. 2022)

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What is Duke Realty EBIT?

Duke Realty's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $123 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $1,055 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Duke Realty's annualized ROC % for the quarter that ended in Jun. 2022 was 3.45%. Duke Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 153.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Duke Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 4.71%.

Duke Realty EBIT Historical Data

The historical data trend for Duke Realty'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.

Duke Realty EBIT Chart

Duke Realty Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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377.24

477.20

530.64

390.98

965.01

Duke Realty Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial															202.40	526.15	128.57	277.81	122.92

Competitive Comparison of Duke Realty's EBIT

For the REIT - Industrial subindustry, Duke Realty'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.

Duke Realty's EV-to-EBIT Distribution in the REITs Industry

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

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

Duke Realty 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,055 Mil.

Duke Realty (NYSE:DRE) EBIT Explanation

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

Duke Realty's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	364.468 * ( 1 - 0.47% )	/	( (10376.262	+	10680.165)	/ 2 )
=	362.7550004	/	10528.2135
=	3.45 %

where

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	10587.409	-	201.987	-	( 9.16	-	max(0, 201.987	-	576.374	+	9.16	))
=	10376.262

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	10958.282	-	233.922	-	( 44.195	-	max(0, 233.922	-	624.712	+	44.195	))
=	10680.165

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

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

Duke Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	491.66	/	( ( (0 + max(328.06, 0))	+	(0 + max(310.944, 0)) )	/	2 )
=	491.66	/	( ( 328.06	+	310.944 )	/	2 )
=	491.66	/	319.502
=	153.88 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(198.62	+	0	+	331.427)	-	(201.987	+	0	+	0)
=	328.06

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(207.682	+	0	+	337.184)	-	(233.922	+	0	+	0)
=	310.944

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

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

Duke Realty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	1055.436	/	22401.134
	=	4.71 %

Duke Realty EBIT Related Terms

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Duke Realty (Duke Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Duke Realty Corp (NYSE:DRE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8711 River Crossing Boulevard, Indianapolis, IN, USA, 46240

Website

https://www.dukerealty.com

Duke Realty is an Indianapolis-based publicly traded REIT that owns and operates a portfolio of primarily industrial properties and provides real estate services to third-party owners. It has interest in over 150 million square feet across the largest logistics markets in the U.S.

Executives

Steven W Schnur	officer: EVP, Chief Operating Officer	600 E. 96TH ST, STE 100, INDIANAPOLIS IN 46240
Mark A Denien	officer: EVP & CFO	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Scott P Anderson	director	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Chris T. Sultemeier	director	1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
John Case	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michael E Szymanczyk	director	DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219
Warren M Thompson	director	4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Melanie R Sabelhaus	director	227 GREENSPRING VALLEY DRIVE, OWINGS MILLS MD 21117
Lynn C Thurber	director	JONES LANG LASALLE INCORPORTED, 200 E RANDOLPH DR, CHICAGO IL 60601
Scott Peter M Iii	director	P O BOX 1551, RALEIGH NC 27601
Tamara D Fischer	director	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
James B. Connor	director, officer: President and CEO	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Ann C. Dee	officer: EVP,General Counsel & Corp Sec	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Nicholas C. Anthony	officer: EVP, Chief Investment Officer	600 E 96TH STREET, SUITE 100, INDIANAPOLIS IN 46240
Kelly T Killingsworth	director	2430 SW 75TH TERRACE, PORTLAND OR 97225