Sunlight Real Estate Investment Trust (HKSE:00435) Return-on-Tangible-Equity : 1.18% (As of Dec. 2023)

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What is Sunlight Real Estate Investment 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. Sunlight Real Estate Investment Trust's annualized net income for the quarter that ended in Dec. 2023 was HK$159.5 Mil. Sunlight Real Estate Investment Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$13,569.4 Mil. Therefore, Sunlight Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 1.18%.

The historical rank and industry rank for Sunlight Real Estate Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:00435' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.9 Med: 5.85 Max: 15.73
Current: 2.4

During the past 13 years, Sunlight Real Estate Investment Trust's highest Return-on-Tangible-Equity was 15.73%. The lowest was -4.90%. And the median was 5.85%.

HKSE:00435's Return-on-Tangible-Equity is ranked worse than
60.86% of 792 companies
in the REITs industry
Industry Median: 4.595 vs HKSE:00435: 2.40

Sunlight Real Estate Investment Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Sunlight Real Estate Investment 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.

Sunlight Real Estate Investment Trust Return-on-Tangible-Equity Chart

Sunlight Real Estate Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Return-on-Tangible-Equity

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10.34

-4.90

-1.62

0.73

-0.21

Sunlight Real Estate Investment Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															3.31	-1.86	-3.98	3.62	1.18

Competitive Comparison of Sunlight Real Estate Investment Trust's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Sunlight Real Estate Investment 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.

Sunlight Real Estate Investment Trust's Return-on-Tangible-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Sunlight Real Estate Investment Trust's Return-on-Tangible-Equity falls into.

Sunlight Real Estate Investment Trust Return-on-Tangible-Equity Calculation

Sunlight Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-28.432	/	( (14013.983	+	13631.768 )	/ 2 )
	=	-28.432	/	13822.8755
	=	-0.21 %

Sunlight Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	159.456	/	( (13631.768	+	13507.116)	/ 2 )
	=	159.456	/	13569.442
	=	1.18 %

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 two times the semi-annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Sunlight Real Estate Investment Trust (HKSE:00435) 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.

Sunlight Real Estate Investment Trust Return-on-Tangible-Equity Related Terms

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Sunlight Real Estate Investment Trust (HKSE:00435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sunlight Real Estate Investment Trust (HKSE:00435) » Definitions » Return-on-Tangible-Equity

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Q9R:Germany

Address

248 Queen’s Road East, 30th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

http://www.sunlightreit.com

Sunlight Real Estate Investment Trust invests in a portfolio of office and retail properties in Hong Kong. The office properties are located in core business areas, including the Central, Wan Chai, and Sheung Wan districts. Properties are also located in decentralized business areas of the city, including North Point, Mong Kok, and Yau Ma Tei. The major office properties include Sunlight Tower, Strand 50, Righteous Centre, and Winsome House Property. The retail properties are located in regional transportation hubs, towns, and urban areas, including Sheung Shui Centre Shopping Arcade, Metro City, and Kwong Wash Plaza. Henderson Sunlight Asset Management is the manager of Sunlight REIT.

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