Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aims Property Securities FundASX:APW 37 Return-on-Tangible-Asset is 6.31% as of Dec. 2025, which is 34% below its 10-year median of 9.49. GuruFocus rates ASX:APW with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 929 REITs companies, Aims Property Securities Fund ranks better than 59.31% on this metric.
The historical rank and industry rank for Aims Property Securities Fund's Return-on-Tangible-Asset or its related term are showing as below:
ASX:APW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.6 Med: 9.49 Max: 27.4
Current: 4.2
During the past 13 years, Aims Property Securities Fund's highest Return-on-Tangible-Asset was 27.40%. The lowest was -4.60%. And the median was 9.49%.
ASX:APW's Return-on-Tangible-Asset is ranked better than 59.31% of 929
companies
in the REITs industry
Industry Median: 3.27
vs ASX:APW: 4.20
Aims Property Securities Fund (ASX:APW) 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.
Aims Property Securities Fund Return-on-Tangible-Asset Related Terms
Aims Property Securities Fund Return-on-Tangible-Asset Historical Data
* 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.
Aims Property Securities Fund Return-on-Tangible-Asset Chart
ASX:APW vs VICI, WPC, BNL: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Aims Property Securities Fund'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.
Aims Property Securities Fund Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Aims Property Securities Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aims Property Securities Fund'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.31% mean?
Aims Property Securities Fund (ASX:APW) has a Return-on-Tangible-Asset of 6.31% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aims Property Securities Fund and its competitors. This is 34% below median its historical median of 9.49. According to the industry distribution chart, Aims Property Securities Fund ranks #378 out of 929 companies in the REITs industry, placing it in the top 40.7%.
Is Aims Property Securities Fund's Return-on-Tangible-Asset too high?
Aims Property Securities Fund's current Return-on-Tangible-Asset of 6.31% is 34% below median its 10-year median of 9.49. The REITs industry median Return-on-Tangible-Asset is 3.27. Aims Property Securities Fund's value of 6.31% is 93% above this industry median. Based on the distribution chart, Aims Property Securities Fund ranks #378 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Aims Property Securities Fund has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Aims Property Securities Fund's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Aims Property Securities Fund ranks #378 out of 929 companies for Return-on-Tangible-Asset. This puts Aims Property Securities Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Aims Property Securities Fund's value of 6.31% is 93% above this benchmark. While the company's 10-year median is 9.49 vs. the industry median of 3.27, Aims Property Securities Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aims Property Securities Fund's current Return-on-Tangible-Asset of 6.31% is 93% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aims Property Securities Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aims Property Securities Fund's current Return-on-Tangible-Asset is 6.31%, which is 34% below median its own 10-year median of 9.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aims Property Securities Fund stock overvalued right now?
Aims Property Securities Fund (ASX:APW) has a current Return-on-Tangible-Asset of 6.31%. The current Return-on-Tangible-Asset is 6.31%, which is 34% below median its 10-year median of 9.49 and 93% above the REITs industry median of 3.27. Aims Property Securities Fund's overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Aims Property Securities Fund (ASX:APW), the current Return-on-Tangible-Asset is 6.31% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Aims Property Securities Fund Business Description
Aims Property Securities Fund is an Australia-based diversified real estate securities fund listed on the Australian Securities Exchange (ASX). It invests prominently in listed and unlisted property trusts, listed property-related companies, and mortgage funds across various property sectors and geographic locations. The fund aims to provide investors with regular quarterly income and long-term capital growth potential. It maintains a portfolio managed by multiple fund managers and follows prudent investment principles emphasizing conservative gearing and liquidity. Revenue is generated through income distributions and capital appreciation of its property investments.
37GF Score
Get the complete analysis for ASX:APW
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:APW has been successfully added to your 
