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Silver Bay Realty Trust (Silver Bay Realty Trust) Return-on-Tangible-Equity : 2.15% (As of Dec. 2016)


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What is Silver Bay Realty Trust Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Silver Bay Realty Trust's annualized net income for the quarter that ended in Dec. 2016 was $10.8 Mil. Silver Bay Realty Trust's average shareholder tangible equity for the quarter that ended in Dec. 2016 was $501.7 Mil. Therefore, Silver Bay Realty Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2016 was 2.15%.

The historical rank and industry rank for Silver Bay Realty Trust's Return-on-Tangible-Equity or its related term are showing as below:

SBY's Return-on-Tangible-Equity is not ranked *
in the REITs industry.
Industry Median: 4.535
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Silver Bay Realty Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Silver Bay Realty Trust's Return-on-Tangible-Equity 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.

Silver Bay Realty Trust Return-on-Tangible-Equity Chart

Silver Bay Realty Trust Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16
Return-on-Tangible-Equity
-0.84 -3.73 -9.24 -1.71 -0.48

Silver Bay Realty Trust Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Return-on-Tangible-Equity 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 -0.57 -2.59 -0.16 -1.25 2.15

Competitive Comparison of Silver Bay Realty Trust's Return-on-Tangible-Equity

For the REIT - Residential subindustry, Silver Bay Realty Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Silver Bay Realty Trust's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Silver Bay Realty Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Silver Bay Realty Trust's Return-on-Tangible-Equity falls into.



Silver Bay Realty Trust Return-on-Tangible-Equity Calculation

Silver Bay Realty Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=-2.463/( (529.113+503.147 )/ 2 )
=-2.463/516.13
=-0.48 %

Silver Bay Realty Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2016 )  (Q: Sep. 2016 )(Q: Dec. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2016 )  (Q: Sep. 2016 )(Q: Dec. 2016 )
=10.768/( (500.24+503.147)/ 2 )
=10.768/501.6935
=2.15 %

* 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2016) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Silver Bay Realty Trust  (NYSE:SBY) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.


Silver Bay Realty Trust Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Silver Bay Realty Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Silver Bay Realty Trust (Silver Bay Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
Silver Bay Realty Trust Corp was incorporated in Maryland in June 2012. The Company is engaged in acquisition, renovation, leasing, and management of single-family properties in select markets in the United States. As of December 31, 2013, the company owned 5,642 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, and Texas, excluding properties held for sale. The Company conducts its business and owns all of its properties through Silver Bay Operating Partnership L.P., or the Operating Partnership, a Delaware limited partnership. acquire single-family properties through a variety of acquisition channels, including brokers, multiple listing services, short sales, foreclosure auctions, online auctions, and bulk purchases from institutions or investor groups. The Company face competition from individual investors, private pools of capital and other institutional buyers which may increase the prices for properties that they would like to purchase and reduce its ability to achieve its desired portfolio size or expected yields. They also compete for desirable residents against the same entities as well as multifamily lessors. The Company's properties are subject to various covenants, laws, and ordinances, and certain of its properties are also subject to the rules of the various homeowners' associations where such properties are located.
Executives
Tanuja M Dehne director C/O SILVER BAY REALTY TRUST CORP., 601 CARLSON PARKWAY, SUITE 250, MINNETONKA MN 55305
William Reid Sanders director C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Thomas W Brock director, officer: Chief Executive Officer 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Stephen G Kasnet director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Thomas Siering director TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Daryl J Carter director CAPRI CAPITAL LP, 18301 VON KARMAN AVE STE 750, IRVIN CA 92612
Christine Battist officer: Chief Financial Officer 601 CARLSON PARKWAY, SUITE 250, MINNETONKA MN 55305
Brian Taylor director C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
Obrien Timothy W J officer: Secretary TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 330, MINNETONKA MN 55305
William W Johnson director TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Investment Corp. 10 percent owner 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Two Harbors Operating Co Llc 10 percent owner 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Pine River Capital Management Llc 10 percent owner 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305

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