What is Liberty Property Trust 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. Liberty Property Trust's annualizedNet Income for the quarter that ended in Sep. 2019 was $401.5 Mil. Liberty Property Trust's average total tangible assets for the quarter that ended in Sep. 2019 was $7,110.5 Mil. Therefore, Liberty Property Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2019 was 5.65%.
The historical rank and industry rank for Liberty Property Trust's Return-on-Tangible-Asset or its related term are showing as below:
LPT's Return-on-Tangible-Asset is not ranked *
in the REITs industry.
Industry Median: 2.23 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Liberty Property Trust Return-on-Tangible-Asset Historical Data
The historical data trend for Liberty Property Trust'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.
Liberty Property Trust Return-on-Tangible-Asset Chart
Competitive Comparison of Liberty Property Trust's Return-on-Tangible-Asset
For the REIT - Office subindustry, Liberty Property Trust'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.
Liberty Property Trust's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Liberty Property Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Liberty Property Trust's Return-on-Tangible-Asset falls into.
Liberty Property Trust Return-on-Tangible-Asset Calculation
Liberty Property Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2018 is calculated as:
* 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 (Sep. 2019) net income data.
Liberty Property Trust (NYSE:LPT) 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.
Liberty Property Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Liberty Property Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Property Trust (Liberty Property Trust) Business Description
Liberty Property Trust is a real estate investment trust that primarily manages and leases industrial and office properties throughout the United States. The majority of the company's real estate portfolio comprises industrial facilities, such as distribution warehouses and light-manufacturing spaces. Office buildings located principally in suburban developments and office parks also represent a substantial share of its assets. Liberty derives nearly all of its income as rental revenue from tenants. Its largest individual markets in terms of revenue are Central and Southeast Pennsylvania. The vast majority of Liberty's income is split between its distribution and office locations. The company's most significant tenants are large retailers and financial services firms.
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