What is Urban Edge Properties 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. Urban Edge Properties's annualizedNet Income for the quarter that ended in Dec. 2023 was $884.9 Mil. Urban Edge Properties's average total tangible assets for the quarter that ended in Dec. 2023 was $2,996.5 Mil. Therefore, Urban Edge Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 29.53%.
The historical rank and industry rank for Urban Edge Properties's Return-on-Tangible-Asset or its related term are showing as below:
UE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.58 Med: 3.7 Max: 8.5
Current: 8.5
During the past 13 years, Urban Edge Properties's highest Return-on-Tangible-Asset was 8.50%. The lowest was 1.58%. And the median was 3.70%.
UE's Return-on-Tangible-Asset is ranked better than 85.48% of 806
companies
in the REITs industry
Industry Median: 2.17
vs UE: 8.50
Urban Edge Properties Return-on-Tangible-Asset Historical Data
The historical data trend for Urban Edge Properties'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.
Competitive Comparison of Urban Edge Properties's Return-on-Tangible-Asset
For the REIT - Retail subindustry, Urban Edge Properties'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.
Urban Edge Properties's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Urban Edge Properties's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Urban Edge Properties's Return-on-Tangible-Asset 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-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 (Dec. 2023) net income data.
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.
Urban Edge Properties Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Urban Edge Properties's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Urban Edge Properties (Urban Edge Properties) Business Description
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
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