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Canadian Net REIT (TSXV:NET.UN) EBIT : C$22.33 Mil (TTM As of Mar. 2024)


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What is Canadian Net REIT EBIT?

Canadian Net REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$3.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$22.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canadian Net REIT's annualized ROC % for the quarter that ended in Mar. 2024 was 5.14%. Canadian Net REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 561.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canadian Net REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.32%.


Canadian Net REIT EBIT Historical Data

The historical data trend for Canadian Net 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.

Canadian Net REIT EBIT Chart

Canadian Net REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.68 12.88 29.91 0.09 25.87

Canadian Net REIT 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 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 6.72 7.90 5.00 6.25 3.18

Competitive Comparison of Canadian Net REIT's EBIT

For the REIT - Diversified subindustry, Canadian Net 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.


Canadian Net REIT's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Canadian Net REIT's EV-to-EBIT falls into.



Canadian Net 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$22.33 Mil.

* 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.


Canadian Net REIT  (TSXV:NET.UN) EBIT Explanation

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

Canadian Net REIT'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 )
=17.208 * ( 1 - 0% )/( (333.97 + 334.962)/ 2 )
=17.208/334.466
=5.14 %

where

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

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

Canadian Net REIT'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 )
=12.732/( ( (0 + max(2.204, 0)) + (0 + max(2.335, 0)) )/ 2 )
=12.732/( ( 2.204 + 2.335 )/ 2 )
=12.732/2.2695
=561.00 %

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)
=(0 + 0 + 5.363) - (1.901 + 1.257 + 0.0010000000000048)
=2.204

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 5.275) - (1.55 + 1.389 + 0.00099999999999767)
=2.335

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:

Canadian Net REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=22.334/268.512
=8.32 %

* 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.


Canadian Net REIT EBIT Related Terms

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Canadian Net REIT (TSXV:NET.UN) Business Description

Traded in Other Exchanges
Address
106 Gun Avenue, A/S Jason Parravano, Pointe Claire, QC, CAN, H9R 3X3
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.

Canadian Net REIT (TSXV:NET.UN) Headlines

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