Weingarten Realty Investors (Weingarten Realty Investors) EBIT : $146.5 Mil (TTM As of Jun. 2021)

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What is Weingarten Realty Investors EBIT?

Weingarten Realty Investors's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $31.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $146.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weingarten Realty Investors's annualized ROC % for the quarter that ended in Jun. 2021 was 3.38%. Weingarten Realty Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 298.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weingarten Realty Investors's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 2.48%.

Weingarten Realty Investors EBIT Historical Data

The historical data trend for Weingarten Realty Investors'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.

Weingarten Realty Investors EBIT Chart

Weingarten Realty Investors Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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346.05

403.95

385.00

357.25

138.60

Weingarten Realty Investors Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
EBIT	Get a 7-Day Free Trial															24.39	37.19	35.81	41.83	31.65

Competitive Comparison of Weingarten Realty Investors's EBIT

For the REIT - Retail subindustry, Weingarten Realty Investors'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.

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

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

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

Weingarten Realty Investors 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $146.5 Mil.

Weingarten Realty Investors (NYSE:WRI) EBIT Explanation

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

Weingarten Realty Investors's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2021 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	127.6 * ( 1 - 0.84% )	/	( (3760.333	+	3726.688)	/ 2 )
=	126.52816	/	3743.5105
=	3.38 %

where

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	3892.535	-	83.58	-	( 52.078	-	max(0, 83.58	-	132.202	+	52.078	))
=	3760.333

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	3881.773	-	95.979	-	( 73.344	-	max(0, 95.979	-	155.085	+	73.344	))
=	3726.688

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

Weingarten Realty Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2021		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	126.588	/	( ( (42.559 + max(-3.456, 0))	+	(42.269 + max(-10.236, 0)) )	/	2 )
=	126.588	/	( ( 42.559	+	42.269 )	/	2 )
=	126.588	/	42.414
=	298.46 %

where Working Capital is:

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.697	+	0	+	12.427)	-	(83.58	+	0	+	0)
=	-3.456

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(70.039	+	0	+	11.702)	-	(95.979	+	0	+	-4.002)
=	-10.236

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	146.476	/	5911.880
	=	2.48 %

Weingarten Realty Investors EBIT Related Terms

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Weingarten Realty Investors (Weingarten Realty Investors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Weingarten Realty Investors (NYSE:WRI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Citadel Plaza Drive, Suite 125, Houston, TX, USA, 77008

Website

http://www.weingarten.com

Weingarten, founded in 1948, is a self-advised REIT that owns, acquires, and develops neighborhood shopping centers. Ownership interest in more than 300 retail assets (47 msf) is diversified in 22 states with the top 10 tenants accounting for 14% of revenue. The largest state concentrations are Texas, Florida, and California, comprising 67% of rents. Economic occupancy is 91.2% and 75% of tenants are national/regional. Differentiating Weingarten is a 9% inside ownership in its outstanding shares, compared with a 1%-3% REIT industry average.

Executives

Shelaghmichael C. Brown	director	1511 NANTUCKET, HOUSTON TX 77057
C Park Shaper	director	1001 LOUISIANA, STE 1000, HOUSTON TX 77002
Marc J Shapiro	director	J.P. MORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Thomas L Ryan	director	1929 ALLEN PARKWAY, HOUSTON TX 77219
Stephen A Lasher	director
Douglas W Schnitzer	director
Andrew M Alexander	director, officer: CHAIRMAN/CEO/PRESIDENT
Stephen C Richter	officer: EXEC VP/CFO
Johnny Hendrix	officer: Executive VP/COO
Stanford J Alexander	director, officer: CHAIRMAN	2600 JCITADEL PLAZA DRIVE HOUSTON TX 77008
James W Crownover	director
Melvin A Dow	director
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Martin Debrovner	officer: VICE CHAIRMAN
J Murry Bowden	director	2600 CITADEL PLAZA DRIVE STE. 300 HOUSTON TX 77008