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. Selectome REIT's annualized net income for the quarter that ended in Sep. 2018 was $117.9 Mil. Selectome REIT's average shareholder tangible equity for the quarter that ended in Sep. 2018 was $2,069.4 Mil. Therefore, Selectome REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2018 was 5.70%.
The historical rank and industry rank for Selectome REIT's Return-on-Tangible-Equity or its related term are showing as below:
SIR's Return-on-Tangible-Equity is not ranked *
in the REITs industry.
Industry Median: 4.605 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Selectome REIT Return-on-Tangible-Equity Historical Data
The historical data trend for Selectome REIT'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.
Competitive Comparison of Selectome REIT's Return-on-Tangible-Equity
For the REIT - Diversified subindustry, Selectome REIT'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.
Selectome REIT's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Selectome REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Selectome REIT's Return-on-Tangible-Equity falls into.
* 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 (Sep. 2018) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Selectome REIT Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Selectome REIT's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Selectome REIT (Selectome REIT) Business Description
Select Income REIT owns and invests in land and properties that are primarily net leased to single tenants. The company owns hundreds of buildings, leasable land parcels, and easements throughout most of the United States, with an emphasis on industrial land ownership in Hawaii, and which collectively adds up to tens of millions of square feet. The company generally leases properties that collectively are strategically important to tenants to prompt renewal or extension of leases. Other acquisition criteria include both the historic and projected rents received and likely received from the property, and the quality, experience, and creditworthiness of the property's tenant. The company's primary source of revenue is rental income.
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