KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) EBIT : $72.7 Mil (TTM As of Mar. 2024)

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What is KBS Real Estate Investment Trust III EBIT?

KBS Real Estate Investment Trust III's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $70.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $72.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KBS Real Estate Investment Trust III's annualized ROC % for the quarter that ended in Mar. 2024 was 0.28%. KBS Real Estate Investment Trust III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 570.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KBS Real Estate Investment Trust III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.11%.

KBS Real Estate Investment Trust III EBIT Historical Data

The historical data trend for KBS Real Estate Investment Trust III'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.

KBS Real Estate Investment Trust III EBIT Chart

KBS Real Estate Investment Trust III Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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375.46

29.68

178.22

-2.20

-37.06

KBS Real Estate Investment Trust III 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															-39.69	-14.71	7.94	9.40	70.03

Competitive Comparison of KBS Real Estate Investment Trust III's EBIT

For the REIT - Office subindustry, KBS Real Estate Investment Trust III'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.

KBS Real Estate Investment Trust III's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, KBS Real Estate Investment Trust III's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where KBS Real Estate Investment Trust III's EV-to-EBIT falls into.

KBS Real Estate Investment Trust III 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 $72.7 Mil.

KBS Real Estate Investment Trust III (OTCPK:KBSR) EBIT Explanation

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

KBS Real Estate Investment Trust III'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 )
=	5.452 * ( 1 - 0% )	/	( (2035.495	+	1911.04)	/ 2 )
=	5.452	/	1973.2675
=	0.28 %

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	))
=	2139.385	-	67.054	-	( 36.836	-	max(0, 67.054	-	149.946	+	36.836	))
=	2035.495

	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	))
=	2007.901	-	62.661	-	( 34.2	-	max(0, 62.661	-	148.94	+	34.2	))
=	1911.04

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

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

KBS Real Estate Investment Trust III'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 )
=	280.104	/	( ( (0 + max(46.056, 0))	+	(0 + max(52.079, 0)) )	/	2 )
=	280.104	/	( ( 46.056	+	52.079 )	/	2 )
=	280.104	/	49.0675
=	570.85 %

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)
=	(99.024	+	0	+	14.086)	-	(67.054	+	0	+	0)
=	46.056

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(101.081	+	0	+	13.659)	-	(62.661	+	0	+	0)
=	52.079

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:

KBS Real Estate Investment Trust III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	72.657	/	1769.286
	=	4.11 %

KBS Real Estate Investment Trust III EBIT Related Terms

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KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » KBS Real Estate Investment Trust III Inc (OTCPK:KBSR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Newport Center Drive, Suite 700, Newport Beach, CA, USA, 92660

Website

http://www.kbsreitiii.com

KBS Real Estate Investment Trust III Inc is a real estate investment trust. The company invests in a diverse portfolio of real estate properties. It holds investments in office properties and mixed-use office/retail properties. The investment objective is to preserve and return stockholders capital contributions and to provide the stockholders with attractive and stable cash distributions.

Executives

Robert Milkovich	director	7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Marc Deluca	director	7297 HIGHLAND ESTATES PLACE, FALLS CHURCH VA 22043
Ron D. Sturzenegger	director	101 CALIFORNIA STREET, SUITE 1750, SAN FRANCISCO CA 94111
Jeffrey A. Dritley	director	C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Jeff Waldvogel	officer: Chief Financial Officer	C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Stuart A Gabriel	director	155 N. LAKE AVENUE, PASADENA CA 91101
Peter Mcmillan	director, officer: Executive Vice President
Barbara R Cambon	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hank Adler	director	6 HUTTON CENTRE DRIVE, SUITE 400, SANTA ANA CA 92707
David E Snyder	officer: Chief Financial Officer	610 NEWPORT CENTER DRIVE, SUITE 1150, NEWPORT BEACH CA 92660
Schreiber Charles J Jr	director, officer: Chief Executive Officer	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Peter M Bren	officer: President	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Stacie K Yamane	officer: Chief Accounting Officer	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Keith D Hall	officer: Executive Vice President	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660

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