MNARF's Return-on-Tangible-Asset is ranked worse than 61.55% of 939
companies
in the REITs industry
Industry Median: 3.24
vs MNARF: 2.23
Morguard North American Residential Real Estate Investment Trust (OTCPK:MNARF) 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.
Morguard North American Residential Real Estate Investment Trust Return-on-Tangible-Asset Related Terms
Morguard North American Residential Real Estate Investment Trust 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.
Morguard North American Residential Real Estate Investment Trust Return-on-Tangible-Asset Chart
Morguard North American Residential Real Estate Investment Trust Annual Data
* 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.
Morguard North American Residential Real Estate Investment Trust Return-on-Tangible-Asset vs REITs Industry
* 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 3.28% mean?
Morguard North American Residential Real Estate Investment Trust (MNARF) has a Return-on-Tangible-Asset of 3.28% 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 Morguard North American Residential Real Estate Investment Trust and its competitors. This is 35% below median its historical median of 5.06. Over the past decade, Morguard North American Residential Real Estate Investment Trust's Return-on-Tangible-Asset has ranged from 1.32 to 7.38. According to the industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #578 out of 939 companies in the REITs industry, placing it in the top 61.6%.
Is Morguard North American Residential Real Estate Investment Trust's Return-on-Tangible-Asset too high?
Morguard North American Residential Real Estate Investment Trust's current Return-on-Tangible-Asset of 3.28% is 35% below median its 10-year median of 5.06. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 7.38. The REITs industry median Return-on-Tangible-Asset is 3.24. Morguard North American Residential Real Estate Investment Trust's value of 3.28% is 1.2% above this industry median. Based on the distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #578 out of 939 companies in the REITs industry, which is below the industry midpoint. Overall, Morguard North American Residential Real Estate Investment Trust has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morguard North American Residential Real Estate Investment Trust's Return-on-Tangible-Asset compare to AVB and EQR?
According to the REITs industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #578 out of 939 companies for Return-on-Tangible-Asset. This places Morguard North American Residential Real Estate Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Morguard North American Residential Real Estate Investment Trust's value of 3.28% is 1.2% above this benchmark. Historically, Morguard North American Residential Real Estate Investment Trust's own Return-on-Tangible-Asset has ranged from 1.32 to 7.38 over the past decade. While the company's 10-year median is 5.06 vs. the industry median of 3.24, Morguard North American Residential Real Estate Investment Trust 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 3.24, 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. Morguard North American Residential Real Estate Investment Trust's current Return-on-Tangible-Asset of 3.28% is 1.2% 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 Morguard North American Residential Real Estate Investment Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morguard North American Residential Real Estate Investment Trust's current Return-on-Tangible-Asset is 3.28%, which is 35% below median its own 10-year median of 5.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard North American Residential Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Morguard North American Residential Real Estate Investment Trust (MNARF) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.48, compared to a current price of $12.18 — trading 16.2% above its estimated fair value. The current Return-on-Tangible-Asset is 3.28%, which is 35% below median its 10-year median of 5.06 and 1.2% above the REITs industry median of 3.24. Morguard North American Residential Real Estate Investment Trust's overall GF Score™ is 66/100 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 Morguard North American Residential Real Estate Investment Trust (MNARF), the current Return-on-Tangible-Asset is 3.28% 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 Morguard North American Residential Real Estate Investment Trust (MNARF) Overvalued in 2026?
Based on GuruFocus' analysis, Morguard North American Residential Real Estate Investment Trust stock appears to be overvalued.
The current stock price of $12.18 is trading 16.2% above its estimated GF Value™ of $10.48.
GuruFocus considers Morguard North American Residential Real Estate Investment Trust to be Modestly Overvalued.
Key valuation signals for MNARF:
Return-on-Tangible-Asset: 3.28% (35% below median its 10-year median of 5.06)
GF Value™: $10.48 vs. price of $12.18 (16.2% above fair value)
Industry Position: 1.2% above the REITs median (#578 of 939)
No single metric tells the full story. See the MNARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morguard North American Residential Real Estate Investment Trust Business Description
Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. It acquires, develops, owns and manages multi-suite residential, commercial and hotel properties and serves as a real estate investment advisor and management company. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the majority of revenue.
66GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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