CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Return-on-Tangible-Asset : -0.87% (As of Jun. 2021)

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What is CBL & Associates Properties (Old) Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. CBL & Associates Properties (Old)'s annualized Net Income for the quarter that ended in Jun. 2021 was $-35.53 Mil. CBL & Associates Properties (Old)'s average total tangible assets for the quarter that ended in Jun. 2021 was $4,078.56 Mil. Therefore, CBL & Associates Properties (Old)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was -0.87%.

The historical rank and industry rank for CBL & Associates Properties (Old)'s Return-on-Tangible-Asset or its related term are showing as below:

CBLDQ.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.56 Med: 1.79 Max: 3.39
Current: -3.2

During the past 13 years, CBL & Associates Properties (Old)'s highest Return-on-Tangible-Asset was 3.39%. The lowest was -6.56%. And the median was 1.79%.

CBLDQ.PFD's Return-on-Tangible-Asset is not ranked
in the REITs industry.
Industry Median: 2.24 vs CBLDQ.PFD: -3.20

CBL & Associates Properties (Old) Return-on-Tangible-Asset Historical Data

The historical data trend for CBL & Associates Properties (Old)'s Return-on-Tangible-Asset 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.

CBL & Associates Properties (Old) Return-on-Tangible-Asset Chart

CBL & Associates Properties (Old) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Return-on-Tangible-Asset

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2.83

2.09

-1.44

-2.20

-6.56

CBL & Associates Properties (Old) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-6.15	-3.82	-5.36	-2.51	-0.87

Competitive Comparison of CBL & Associates Properties (Old)'s Return-on-Tangible-Asset

For the REIT - Retail subindustry, CBL & Associates Properties (Old)'s Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.

CBL & Associates Properties (Old)'s Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties (Old)'s Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties (Old)'s Return-on-Tangible-Asset falls into.

CBL & Associates Properties (Old) Return-on-Tangible-Asset Calculation

CBL & Associates Properties (Old)'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-295.084	/	( (4584.011	+	4409.316)	/ 2 )
	=	-295.084	/	4496.6635
	=	-6.56 %

CBL & Associates Properties (Old)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-35.528	/	( (4110.516	+	4046.604)	/ 2 )
	=	-35.528	/	4078.56
	=	-0.87 %

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2021) net income data.

CBL & Associates Properties (Old) (OTCPK:CBLDQ.PFD) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

CBL & Associates Properties (Old) Return-on-Tangible-Asset Related Terms

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CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (Old) (OTCPK:CBLDQ.PFD) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Hamilton Place Boulevard, CBL Center, Suite 500, Chattanooga, TN, USA, 37421

Website

https://www.cblproperties.com

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 24 states, mostly in the Southeastern and Midwestern regions of the United States. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.