Lendlease Global Commercial REIT (SGX:JYEU) EBIT : S$138.2 Mil (TTM As of Dec. 2023)

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What is Lendlease Global Commercial REIT EBIT?

Lendlease Global Commercial REIT's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$63.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$138.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lendlease Global Commercial REIT's annualized ROC % for the quarter that ended in Dec. 2023 was 4.10%. Lendlease Global Commercial REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lendlease Global Commercial REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.97%.

Lendlease Global Commercial REIT EBIT Historical Data

The historical data trend for Lendlease Global Commercial REIT'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.

Lendlease Global Commercial REIT EBIT Chart

Lendlease Global Commercial REIT Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

EBIT

3.43

161.39

157.01

Lendlease Global Commercial REIT Semi-Annual Data
	Mar20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			51.53	109.87	81.93	75.08	63.12

Competitive Comparison of Lendlease Global Commercial REIT's EBIT

For the REIT - Diversified subindustry, Lendlease Global Commercial REIT'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.

Lendlease Global Commercial REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lendlease Global Commercial REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lendlease Global Commercial REIT's EV-to-EBIT falls into.

Lendlease Global Commercial REIT 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 semi-annually data reported by the company within the most recent 12 months, which was S$138.2 Mil.

Lendlease Global Commercial REIT (SGX:JYEU) EBIT Explanation

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

Lendlease Global Commercial REIT'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	163.094 * ( 1 - 0% )	/	( (4209.737	+	3747.362)	/ 2 )
=	163.094	/	3978.5495
=	4.10 %

where

	Invested Capital		(Q: Jun. 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	))
=	3826.351	-	38.876	-	( 54.224	-	max(0, 492.353	-	70.091	+	54.224	))
=	4209.737

	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	))
=	3819.36	-	55.363	-	( 61.669	-	max(0, 55.958	-	72.593	+	61.669	))
=	3747.362

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Lendlease Global Commercial REIT'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	126.24	/	( ( (0 + max(-43.69, 0))	+	(0 + max(-44.794, 0)) )	/	2 )
=	126.24	/	( ( 0	+	0 )	/	2 )
=	126.24	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.65	+	0	+	13.164)	-	(38.876	+	0	+	19.628)
=	-43.69

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.871	+	0	+	8.053)	-	(55.363	+	0	+	0.355)
=	-44.794

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Lendlease Global Commercial REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	138.198	/	2782.477
	=	4.97 %

Lendlease Global Commercial REIT EBIT Related Terms

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Lendlease Global Commercial REIT (SGX:JYEU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lendlease Global Commercial REIT (SGX:JYEU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Tanjong Katong Road, No. 05-01 PLQ 3, Paya Lebar Quarter, Singapore, SGP, 437161

Website

https://www.lendleaseglobalcommercialreit.com

Lendlease Global Commercial REIT is a Singapore real estate investment trust. It is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally that are used primarily for retail and office purposes as well as real estate-related assets in connection with the foregoing. The company's geographical segment includes Singapore segment which comprises of leasing of retail and office buildings in Singapore. and Italy segment which comprises of easing of Sky Complex, comprising three office buildings in Milan. It derives a majority of revenue from Singapore.

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