US Masters Residential Property Fund (ASX:URF) Return-on-Tangible-Asset: -25.35% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ASX:URF US Masters Residential Property Fund ASX:URF
27 GF Score
Price A$0.16
GF Value A$0.12
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is US Masters Residential Property Fund Return-on-Tangible-Asset?

US Masters Residential Property Fund ASX:URF 27 Return-on-Tangible-Asset is -25.35% as of Dec. 2025. GuruFocus rates ASX:URF with a GF Score™ of 27/100 and a GF Value™ of A$0.12 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 940 REITs companies, US Masters Residential Property Fund ranks worse than 96.7% on this metric.

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. US Masters Residential Property Fund's annualized Net Income for the quarter that ended in Dec. 2025 was A$-123.49 Mil. US Masters Residential Property Fund's average total tangible assets for the quarter that ended in Dec. 2025 was A$487.14 Mil. Therefore, US Masters Residential Property Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -25.35%.

The historical rank and industry rank for US Masters Residential Property Fund's Return-on-Tangible-Asset or its related term are showing as below:

ASX:URF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.06   Med: -2.9   Max: 2.1
Current: -9.5

During the past 13 years, US Masters Residential Property Fund's highest Return-on-Tangible-Asset was 2.10%. The lowest was -11.06%. And the median was -2.90%.

ASX:URF's Return-on-Tangible-Asset is ranked worse than
96.7% of 940 companies
in the REITs industry
Industry Median: 3.27 vs ASX:URF: -9.50

US Masters Residential Property Fund  (ASX:URF) 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 company’s 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 company’s 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.


US Masters Residential Property Fund Return-on-Tangible-Asset Related Terms


US Masters Residential Property Fund Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for US Masters Residential Property Fund'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.

US Masters Residential Property Fund Return-on-Tangible-Asset Chart

US Masters Residential Property Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 0.69 -1.94 -5.10 -9.64

US Masters Residential Property Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.42 -3.93 -6.34 1.45 -25.35

ASX:URF vs AVB, EQR, ESS: Return-on-Tangible-Asset Comparison

For the REIT - Residential subindustry, US Masters Residential Property 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.


US Masters Residential Property Fund Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, US Masters Residential Property Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where US Masters Residential Property Fund's Return-on-Tangible-Asset falls into.


ASX:URF
27GF Score
US Masters Residential Property Fund ASX:URF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

US Masters Residential Property Fund Return-on-Tangible-Asset Calculation

US Masters Residential Property Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-56.582/( (811.606+362.523)/ 2 )
=-56.582/587.0645
=-9.64 %

US Masters Residential Property Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-123.488/( (611.755+362.523)/ 2 )
=-123.488/487.139
=-25.35 %

* 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 -25.35% mean?
US Masters Residential Property Fund (ASX:URF) has a Return-on-Tangible-Asset of -25.35% 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 US Masters Residential Property Fund and its competitors. According to the industry distribution chart, US Masters Residential Property Fund ranks #909 out of 940 companies in the REITs industry, placing it in the top 96.7%.
Is US Masters Residential Property Fund's Return-on-Tangible-Asset too high?
US Masters Residential Property Fund's current Return-on-Tangible-Asset is -25.35%. Based on the distribution chart, US Masters Residential Property Fund ranks #909 out of 940 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, US Masters Residential Property Fund has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does US Masters Residential Property Fund's Return-on-Tangible-Asset compare to AVB and EQR?
According to the REITs industry distribution chart, US Masters Residential Property Fund ranks #909 out of 940 companies for Return-on-Tangible-Asset. This places US Masters Residential Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. 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 940 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. 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 US Masters Residential Property 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. US Masters Residential Property Fund's current Return-on-Tangible-Asset is -25.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Masters Residential Property Fund stock overvalued right now?
Based on GuruFocus' analysis, US Masters Residential Property Fund (ASX:URF) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.12, compared to a current price of A$0.16 — trading 33.3% above its estimated fair value. The current Return-on-Tangible-Asset is -25.35%. US Masters Residential Property Fund's overall GF Score™ is 27/100 with 7 warning signs 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 US Masters Residential Property Fund (ASX:URF), the current Return-on-Tangible-Asset is -25.35% 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.

Is US Masters Residential Property Fund (ASX:URF) Overvalued in 2026?

Based on GuruFocus' analysis, US Masters Residential Property Fund stock appears to be overvalued. The current stock price of A$0.16 is trading 33.3% above its estimated GF Value™ of A$0.12. GuruFocus considers US Masters Residential Property Fund to be Significantly Overvalued.

Key valuation signals for ASX:URF:

  • Return-on-Tangible-Asset: -25.35%
  • GF Value™: A$0.12 vs. price of A$0.16 (33.3% above fair value)
  • GF Score™: 27/100 with 7 warning signs

No single metric tells the full story. See the ASX:URF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


US Masters Residential Property Fund Business Description

Industry Real EstateREITs
Address 1 Denison Street, Level 17, Sydney, NSW, AUS, 2060
US Masters Residential Property Fund invests in the United States residential property market. The Group operates in a single operating segment, being in the business of investing in residential real estate assets associated with the New York metropolitan area in the United States of America.
27GF Score

Get the complete analysis for ASX:URF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.16
Price
A$0.12
GF Value