What is NorthStar Realty Finance 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. NorthStar Realty Finance's annualizedNet Income for the quarter that ended in Sep. 2016 was $-317.16 Mil. NorthStar Realty Finance's average total tangible assets for the quarter that ended in Sep. 2016 was $13,252.56 Mil. Therefore, NorthStar Realty Finance's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2016 was -2.39%.
The historical rank and industry rank for NorthStar Realty Finance's Return-on-Tangible-Asset or its related term are showing as below:
NRFPRD.PFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.5 Med: -2.26 Max: 14.43
Current: -2.4
During the past 13 years, NorthStar Realty Finance's highest Return-on-Tangible-Asset was 14.43%. The lowest was -8.50%. And the median was -2.26%.
NRFPRD.PFD's Return-on-Tangible-Asset is not ranked
in the REITs industry.
Industry Median: 2.195
vs NRFPRD.PFD: -2.40
NorthStar Realty Finance Return-on-Tangible-Asset Historical Data
The historical data trend for NorthStar Realty Finance'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.
Competitive Comparison of NorthStar Realty Finance's Return-on-Tangible-Asset
For the REIT - Retail subindustry, NorthStar Realty Finance'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.
NorthStar Realty Finance's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, NorthStar Realty Finance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NorthStar Realty Finance'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 (Sep. 2016) net income data.
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.
NorthStar Realty Finance Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of NorthStar Realty Finance's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
NorthStar Realty Finance (NorthStar Realty Finance) Business Description
Northstar Realty Finance Corp is a Maryland corporation formed in October 2003. The Company is an internally managed REIT, and is a diversified commercial real estate investment and asset management company. NorthStar Realty Finance Limited Partnership holds all of the Company's assets and conducts its operation directly or indirectly. The Company invests in multiple asset classes across commercial real estate. These investments are in the form of acquiring real estate, originating or acquiring senior or subordinate loans, as well as CRE investments, both in the United States and internationally. The asset management business is focused on raising and managing capital on a fee basis from alternative sources, which includes non-traded real estate investment trusts, and sponsoring other companies through joint ventures and partnerships, such as RXR Realty, LLC, or RXR Realty. The Company's commercial real estate debt business is focused on originating, structuring, acquiring and managing senior and subordinate debt investments secured by commercial real estate, including first mortgage loans, subordinate interests, mezzanine loans, credit tenant loans and other loans, including preferred equity interests in borrowers who own such properties. The Company competes with many third parties engaged in real estate investment activities including publicly-traded REITs, non-traded REITs, insurance companies, commercial and investment banking firms, private equity funds. The Company is subject to supervision and regulation by state and federal governmental authorities and is subject to various laws and judicial and administrative decisions imposing various requirements and restrictions.
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