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Mori Trust Reit (Mori Trust Reit) ROE % : 3.78% (As of Sep. 2022)


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What is Mori Trust Reit ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mori Trust Reit's annualized net income for the quarter that ended in Sep. 2022 was $46.50 Mil. Mori Trust Reit's average Total Stockholders Equity over the quarter that ended in Sep. 2022 was $1,229.58 Mil. Therefore, Mori Trust Reit's annualized ROE % for the quarter that ended in Sep. 2022 was 3.78%.

The historical rank and industry rank for Mori Trust Reit's ROE % or its related term are showing as below:

MRGIF's ROE % is not ranked *
in the REITs industry.
Industry Median: 4.21
* Ranked among companies with meaningful ROE % only.

Mori Trust Reit ROE % Historical Data

The historical data trend for Mori Trust Reit's ROE % 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.

Mori Trust Reit ROE % Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.93 6.22 6.34 6.21 4.28

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
ROE % 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 6.30 6.25 5.46 3.78 8.73

Competitive Comparison of Mori Trust Reit's ROE %

For the REIT - Office subindustry, Mori Trust Reit's ROE %, along with its competitors' market caps and ROE % 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.


Mori Trust Reit's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mori Trust Reit's ROE % distribution charts can be found below:

* The bar in red indicates where Mori Trust Reit's ROE % falls into.



Mori Trust Reit ROE % Calculation

Mori Trust Reit's annualized ROE % for the fiscal year that ended in Sep. 2022 is calculated as

ROE %=Net Income (A: Sep. 2022 )/( (Total Stockholders Equity (A: Sep. 2021 )+Total Stockholders Equity (A: Sep. 2022 ))/ count )
=54.916/( (1453.386+1110.182)/ 2 )
=54.916/1281.784
=4.28 %

Mori Trust Reit's annualized ROE % for the quarter that ended in Sep. 2022 is calculated as

ROE %=Net Income (Q: Sep. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Sep. 2022 ))/ count )
=46.498/( (1348.974+1110.182)/ 2 )
=46.498/1229.578
=3.78 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2022) net income data. ROE % is displayed in the 30-year financial page.


Mori Trust Reit  (OTCPK:MRGIF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=46.498/1229.578
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(46.498 / 96.344)*(96.344 / 2507.996)*(2507.996 / 1229.578)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.26 %*0.0384*2.0397
=ROA %*Equity Multiplier
=1.85 %*2.0397
=3.78 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=46.498/1229.578
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (46.498 / 42.482) * (42.482 / 47.854) * (47.854 / 96.344) * (96.344 / 2507.996) * (2507.996 / 1229.578)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0945 * 0.8877 * 49.67 % * 0.0384 * 2.0397
=3.78 %

Note: The net income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Mori Trust Reit ROE % Related Terms

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Mori Trust Reit (Mori Trust Reit) Business Description

Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

Mori Trust Reit (Mori Trust Reit) Headlines

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