Highwoods Properties (Highwoods Properties) EBIT : $273.8 Mil (TTM As of Mar. 2024)

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What is Highwoods Properties EBIT?

Highwoods Properties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $63.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $273.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highwoods Properties's annualized ROC % for the quarter that ended in Mar. 2024 was 3.84%. Highwoods Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 350.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highwoods Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.53%.

Highwoods Properties EBIT Historical Data

The historical data trend for Highwoods 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.

Highwoods Properties EBIT Chart

Highwoods Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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223.33

438.88

409.16

269.34

288.04

Highwoods Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															78.05	77.93	57.42	74.64	63.77

Competitive Comparison of Highwoods Properties's EBIT

For the REIT - Office subindustry, Highwoods 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.

Highwoods Properties's EV-to-EBIT Distribution in the REITs Industry

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

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

Highwoods 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $273.8 Mil.

Highwoods Properties (NYSE:HIW) EBIT Explanation

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

Highwoods Properties'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 )
=	218.68 * ( 1 - 0% )	/	( (5675.625	+	5709.799)	/ 2 )
=	218.68	/	5692.712
=	3.84 %

where

	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	))
=	6002.928	-	302.18	-	( 25.123	-	max(0, 302.18	-	440.232	+	25.123	))
=	5675.625

	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	))
=	6013.397	-	287.176	-	( 16.422	-	max(0, 287.176	-	460.021	+	16.422	))
=	5709.799

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

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

Highwoods Properties'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 )
=	255.06	/	( ( (0 + max(-202.515, 0))	+	(0 + max(145.415, 0)) )	/	2 )
=	255.06	/	( ( 0	+	145.415 )	/	2 )
=	255.06	/	72.7075
=	350.80 %

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)
=	(28.094	+	0	+	71.571)	-	(302.18	+	0	+	0)
=	-202.515

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(347.174	+	0	+	85.417)	-	(287.176	+	0	+	0)
=	145.415

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	273.753	/	6048.626
	=	4.53 %

Highwoods Properties EBIT Related Terms

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Highwoods Properties (Highwoods Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Highwoods Properties Inc (NYSE:HIW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601

Website

https://www.highwoods.com

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Executives

Brian M Leary	officer: EVP & COO	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Theodore J Klinck	officer: VP/Chief Investment Officer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Brendan C Maiorana	officer: EVP of Finance & IR	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Jeffrey Douglas Miller	officer: General Counsel & Sec.	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
David L Gadis	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Mark F Mulhern	director	410 S. WILMINGTON STREET, RALEIGH NC 27601
David John Hartzell	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Thomas P Anderson	director	3751 GRISSOM PARKWAY, SUITE 100, MYRTLE BEACH SC 29577
Carlos E Evans	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Anne H Lloyd	director
Sherry A Kellett	director
Edward J Fritsch	director, officer: EVP & COO
Kevin E Penn	officer: VP/Chief Strategy & Admin	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael E Harris	officer: Sr. Vice President
Terry L Stevens	officer: VP, CFO & Treasurer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604