Canadian Net REITCNNRF -0.22%77 Return-on-Tangible-Asset is 3.12% as of Mar. 2026, which is 44% below its 10-year median of 5.53. GuruFocus rates CNNRF with a GF Score™ of 77/100 and a GF Value™ of $4.09 (Fairly Valued). The stock has 10 warning signs investors should review. Among 939 REITs companies, Canadian Net REIT ranks worse than 56.02% 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. Canadian Net REIT's annualizedNet Income for the quarter that ended in Mar. 2026 was $7.24 Mil. Canadian Net REIT's average total tangible assets for the quarter that ended in Mar. 2026 was $231.70 Mil. Therefore, Canadian Net REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.12%.
The historical rank and industry rank for Canadian Net REIT's Return-on-Tangible-Asset or its related term are showing as below:
CNNRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.24 Med: 5.53 Max: 10.29
Current: 2.82
During the past 13 years, Canadian Net REIT's highest Return-on-Tangible-Asset was 10.29%. The lowest was -2.24%. And the median was 5.53%.
CNNRF's Return-on-Tangible-Asset is ranked worse than 56.02% of 939
companies
in the REITs industry
Industry Median: 3.26
vs CNNRF: 2.82
Canadian Net REIT (OTCPK:CNNRF) 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.
Canadian Net REIT Return-on-Tangible-Asset Related Terms
Canadian Net REIT Return-on-Tangible-Asset Historical Data
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The historical data trend for Canadian Net REIT'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.
CNNRF vs VICI, WPC, BNL: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Canadian Net REIT'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.
Canadian Net REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Canadian Net REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Canadian Net REIT'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.12% mean?
Canadian Net REIT (CNNRF) has a Return-on-Tangible-Asset of 3.12% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Canadian Net REIT and its competitors. This is 44% below median its historical median of 5.53. According to the industry distribution chart, Canadian Net REIT ranks #526 out of 939 companies in the REITs industry, placing it in the top 56%.
Is Canadian Net REIT's Return-on-Tangible-Asset too high?
Canadian Net REIT's current Return-on-Tangible-Asset of 3.12% is 44% below median its 10-year median of 5.53. The REITs industry median Return-on-Tangible-Asset is 3.26. Canadian Net REIT's value of 3.12% is 4.3% below this industry median. Based on the distribution chart, Canadian Net REIT ranks #526 out of 939 companies in the REITs industry, which is below the industry midpoint. Overall, Canadian Net REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Net REIT's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Canadian Net REIT ranks #526 out of 939 companies for Return-on-Tangible-Asset. This places Canadian Net REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Canadian Net REIT's value of 3.12% is 4.3% below this benchmark. While the company's 10-year median is 5.53 vs. the industry median of 3.26, Canadian Net REIT has consistently been below 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 3.26, based on 939 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. Canadian Net REIT's current Return-on-Tangible-Asset of 3.12% is 4.3% below 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 Canadian Net REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Net REIT's current Return-on-Tangible-Asset is 3.12%, which is 44% below median its own 10-year median of 5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Net REIT stock overvalued right now?
Based on GuruFocus' analysis, Canadian Net REIT (CNNRF) is currently considered Fairly Valued. The stock's GF Value™ is $4.09, compared to a current price of $4.50 — trading 10% above its estimated fair value. The current Return-on-Tangible-Asset is 3.12%, which is 44% below median its 10-year median of 5.53 and 4.3% below the REITs industry median of 3.26. Canadian Net REIT's overall GF Score™ is 77/100 with 10 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 Canadian Net REIT (CNNRF), the current Return-on-Tangible-Asset is 3.12% as of Mar. 2026. 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 Canadian Net REIT (CNNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Net REIT stock appears to be overvalued.
The current stock price of $4.50 is trading 10% above its estimated GF Value™ of $4.09.
GuruFocus considers Canadian Net REIT to be Fairly Valued.
Key valuation signals for CNNRF:
Return-on-Tangible-Asset: 3.12% (44% below median its 10-year median of 5.53)
GF Value™: $4.09 vs. price of $4.50 (10% above fair value)
Industry Position: 4.3% below the REITs median (#526 of 939)
No single metric tells the full story. See the CNNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.
77GF Score
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